In Economic terms, would someone be able to explain how the rise in the price of oil has/will affect inflation

In Economic terms, would someone be able to explain how the rise in the price of oil has/will affect inflation and the economic objective of achieving price stability? Lets go into depth, step by step. Not just - oil costs more, therefore stuff costs more.In Economic terms, would someone be able to explain how the rise in the price of oil has/will affect inflation
You don't use petroleum to fry things. However the price of fuel directly affects the price of everything that has to be transported by truck or train or plane. If it costs more to get it somewhere this cost will be passed on to the consumer. Classic inflationary spiral.In Economic terms, would someone be able to explain how the rise in the price of oil has/will affect inflation
If oil costs more, then things made with oil will cost more. So it will cost more to fry chicken and French fries, for instance.





Oh, and do your own homework.