Submission declined on 5 August 2026 by Zxcvbnm (talk). This draft's references do not show that the neologism meets Wikipedia's criteria for inclusion. The draft requires multiple published secondary sources that: provide significant coverage: discuss the term in detail, not just brief mentions or routine use; are reliable: from reputable outlets with editorial oversight; are independent: not connected to the subject, such as promoted or sponsored content. Please add references that meet all three of these criteria. If none exist, the subject is not yet suitable for Wikipedia. Wikipedia is not a dictionary and we do not accept articles that are simply definitions of neologisms. If you would like to continue working on the submission, click on the "Edit" tab at the top of the window. If you have not resolved the issues listed above, your draft will be declined again and potentially deleted. If you need extra help, please ask us a question at the AfC Help Desk or get live help from experienced editors. Please do not remove reviewer comments or this notice until the submission is accepted. Where to get help If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews. If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed. How to improve a draft Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia. Help:Wikitext – how to use the markup Help:Referencing for beginners – how to include references Wikipedia:Article development – how to develop your article Wikipedia:Writing better articles – how to improve your article Wikipedia:Verifiability – make sure your article includes reliable third-party sources You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Add tags to your draft Editor resources Easy tools: Citation bot (help) | Advanced: Fix bare URLs Declined by Zxcvbnm 6 days ago. Last edited by Zxcvbnm 6 days ago. Reviewer: Inform author. Resubmit Please note that if the issues are not fixed, the draft will be declined again.

• Comment: Also already discussed in Fossil fuel#Inflation effects, any information can be put there. ᴢxᴄᴠʙɴᴍ (ᴛ) 17:42, 5 August 2026 (UTC)

Inflation that is driven by the rising costs of fossil fuels, such as oil, gas and coal.

Fossilflation refers to the phenomenon of increasing costs of goods and services that is attributable to the increased price of fossil fuels like oil and natural gas. As societies are dependent on fossil fuel for the production of products and services, an increase in fossil fuel prices affects the price of other products and services.

The term was popularized by economist and European Central Bank Executive Board member Isabel Schnabel in March 2022 during the Ukraine crisis and the subsequent energy crisis. In her speech, Schnabel described fossilflation as the economic consequences or "legacy cost" of prolonged dependence on fossil energy sources.^[1]. She argued that reliance on fossil fuels exposed economies to recurring price shocks and inflationary pressures. The 2026 Strait of Hormuz crisis and the effect this has had on oil and gas prices has cemented fossilflation as a concept that describes this economic penalty or "legacy cost" of relying on fossil fuels. A transition to renewable alternatives to fossil fuels might thus break the structural basis for fossilflation.

Economist have long acknowledged energy prices as a significant driver for inflation^[2]. Since fossil fuels are globally traded commodities, their prices are influenced by geopolitical tensions^[3], armed conflict, supply disruptions, product decisions by major exporters, and financial speculation^[4]. It follows that fossil fuel dependence creates a structural exposure to inflationary chocks, meaning that economies that rely on imported oil, gas or coal become vulnerable to sudden increases in energy costs that flow through the supply chains and increase the price on food, transport, housing and consumer goods.

The term was adopted in financial and political commentaries following the 2022 European energy crisis^[1] and the sharp spike in European gas prices that followed the cut in Russian supply due to the invasion of Ukraine^[5]. Some commentators referred to this as a weaponized form of fossilflation and highlighted how breaking the structural basis for fossilflation required accelerating the reduction of greenhouse gas emissions to net-zero^[6]

Fossilflation refers to inflation caused by increasing fossil fuel prices, irrespective of the reasons for this increase. It can therefore at least on short term also be a consequence of climate mitigation policies^[7]. However, low-carbon technologies have been argued to offer a more durable remedy to fossilflation than an expanded fossil fuel supply^[8].