section_path: Inflation effects/History
section_name: History
paragraph_text: History
  
  Mark Zandi of Moody's says that fossil fuel prices have driven every big episode of inflation since WWII.
  
  The economic impact of the Russian Invasion of Ukraine in 2022 was a major recent example of fossil fuels causing inflation. Some economists, including Isabel Schnabel, believe that dependence on fossil fuels is the main driver of the 2021-2022 inflation spike.