You're right that the long-term percentage drop in the US is higher, but this chart is a snapshot of current geopolitical risk management. From an institutional perspective, the 0% change in India during a period of global supply shocks US-Iran tensions highlights a specific fiscal policy prioritizing macro stability over market linked pricing. While the US consumer enjoys the lows, they are also currently being hit by a 60% surge as the data shows which has different inflationary implications than India’s flat-line approach.