Has commodity inflation well and truly set in?
Tuesday, May 18, 2021
Occam’s Razor: Commodity Prices… A couple of weeks ago, it was lumber prices. Now, it’s Dalian iron ore prices, which reached a record high of USD206 a ton. And copper specs, off from their highs but still elevated. And burlap. And tallow. Even animal hide prices are up (Figures 1-3). On this basis, we think it is fair to say that commodity inflation has well and truly set in, and has been passed on through to consumers. Prints like the 4.2% April US CPI aren’t just base effect.Click here to connect to the source of this storyClick here for more News and Views
As I browse the web researching various topics concerning the EU and UK sugar markets, I've been bookmarking interesting weblinks. Some of these are news clippings, some are links to official documents, and some are interesting data sources.