Editing Commodity market (section)

==Impact on inflation==
[[Fossil fuel#Inflation effects|Fossil fuels]] and other commodities have been major drivers of inflationary periods, including the [[2021-2022 inflation spike]] exacerbated by the [[Economic impact of the Russian invasion of Ukraine|Russian Invasion of Ukraine]].<ref name=":023">{{Cite web |last=Leber |first=Rebecca |date=2022-08-12 |title=Fight climate change. End fossilflation. Here's how. |url=https://www.vox.com/science-and-health/2022/8/12/23290488/fight-climate-change-end-fossil-fuel-inflation |access-date=2024-08-18 |website=Vox |language=en-US}}</ref><ref name=":1">{{Cite web |last=Horowitz |first=Julia |date=2022-12-13 |title=Analysis: Inflation is finally falling. But the days when prices rose just 2% may never return {{!}} CNN Business |url=https://www.cnn.com/2022/12/13/economy/inflation-2-demographics-climate-deglobalization/index.html |access-date=2024-08-18 |website=CNN |language=en}}</ref> [[Gernot Wagner]] argues that commodites are undesirable energy sources because of inflationary periods that come with commodity prices.<ref name=":023"/><ref name=":14">{{Cite web |last=Wagner |first=Gernot |date=February 23, 2024 |title=The Ukraine War Blew Up the World's Energy Economy |url=https://heatmap.news/economy/ukraine-war-global-energy |access-date=2024-08-18 |website=heatmap.news |language=en |quote=Throughout the most recent U.S. spike in inflation in 2022, the energy category alone was responsible for around half of total inflation. And that’s just counting the direct effects. Indirectly, a good portion of the food price increases ever since are also due to higher energy costs. If the farmer pays more to harvest the crop, soon those commodity prices increase as well. Of course, it isn’t all fossil fuels...The IRA has not and will not cut inflation overnight. But that fight is indeed a big part of the bill’s legacy: Play the long game of tackling all three types of climate-related inflation — fossilflation, climateflation, and greenflation — at their very core, and indeed justify the law’s name.}}</ref>