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US Oil Consumption vs US Inflation Rate
US Oil Consumption and US Inflation Rate correlate at r = -0.09 over 60 years (1965–2024), p = 0.499. With the time trend removed, r = +0.30. Not statistically significant.
Verdict: Not statistically significant. With n = 60, this correlation isn't statistically significant (p = 0.499). It could easily be chance.
- Pearson r
- -0.09
- p-value
- 0.499
- Years compared (n)
- 60 (1965–2024)
- 95% confidence interval
- -0.34 to 0.17
- Correlation with the time trend removed
- +0.30
Sources
- US Oil Consumption (TWh): Our World in Data. US Oil Consumption (Our World in Data: Oil).
- US Inflation Rate (% annual): World Bank. US Inflation Rate (World Bank indicator FP.CPI.TOTL.ZG).
Related pairs
- US Annual CO₂ Emissions vs US Oil Consumption (r = +0.90)
- US Oil Consumption vs US Military Expenditure (r = -0.84)
- US Oil Consumption vs US Electricity Use per Capita (r = +0.80)
- US Meat Consumption per Person vs US Oil Consumption (r = +0.79)
- US Oil Consumption vs US Health Expenditure (r = -0.76)
- US Oil Consumption vs US Infant Mortality (r = -0.75)
Correlation does not imply causation. How the verdict is worked out.