We keep hearing that inflation remains relatively low.
But a look at this Commodity Price Index chart indicates that the real inflation rate was over 20 percent for the past 12 months, more than 30 percent for food — even higher for commodities we really need to live.
Cotton is up 132 percent. Agricultural raw materials up 39 percent. Oil up 21 percent. Coal up 36 percent. Metals up 57 percent. Coffee up 70 percent. Wheat up 62 percent. Beef up 39 percent. Fish up 31 percent. Hard logs up 19 percent. Soft logs up 27 percent. Rubber up 79 percent. Wool up 57 percent. Fertilizer up 39 percent. Soy beans up 42 percent. Corn up 58 percent. Silver up 60 percent. Industrial Inputs Price Index up 51 percent. Commodity Food Price Index up 30 percent. Commodity Fuel Price Index up 20 percent. Overall Commodity Price Index up 20 percent.
This just over the last 12 months!
Let’s see, what else do we need to live?
Can you say catastrophe?
| Commodity | 1 Month Change | 12 Month Change | Year to Date Change |
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| Commodity Agricultural Raw Materials Index | 4.71 % | 38.86 % | 0.00 % | | Commodity Beverage Price Index | 6.82 % | 18.25 % | 0.00 % | | Commodity Price Index | 6.65 % | 27.67 % | 0.00 % | | Commodity Fuel (energy) Index | 3.94 % | 20.35 % | 0.00 % | | Commodity Food and Beverage Price Index | 3.96 % | 30.43 % | 0.00 % | | Commodity Food Price Index | 3.62 % | 32.09 % | 0.00 % | | Commodity Industrial Inputs Price Index | 18.29 % | 51.14 % | 0.00 % | | Commodity Metals Price Index | 25.86 % | 57.62 % | 0.00 % | | Commodity Non-Fuel Price Index | 11.02 % | 40.55 % | 0.00 % | | Crude Oil (petroleum), Price index | 3.00 % | 20.23 % | 0.00 % | | Coal, Australian thermal coal | 15.20 % | 36.57 % | 0.00 % | | Coal, South African export price | | | | | Crude Oil (petroleum) | 2.84 % | 20.20 % | 0.00 % | | Crude Oil (petroleum); Dated Brent | 4.89 % | 26.08 % | 0.00 % | | Crude Oil (petroleum); Dubai Fateh | 3.49 % | 20.31 % | 0.00 % | | Crude Oil (petroleum); West Texas Intermediate | 0.40 % | 14.23 % | 0.00 % | | Indonesian Liquified Natural Gas | 5.04 % | 7.07 % | 0.00 % | | Natural Gas | 5.76 % | -23.11 % | 0.00 % | | Russian Natural Gas | 5.27 % | 21.08 % | 0.00 % | | Cocoa beans | 3.85 % | -10.15 % | 0.00 % | | Coffee, Other Mild Arabicas | 10.79 % | 70.29 % | 0.00 % | | Coffee, Robusta | 7.81 % | 41.17 % | 0.00 % | | Tea | 4.54 % | 8.69 % | 0.00 % | | Barley | 2.91 % | 33.10 % | 0.00 % | | Maize (corn) | 5.68 % | 58.66 % | 0.00 % | | Rice | -1.73 % | -11.79 % | 0.00 % | | Sorghum | 11.17 % | 52.24 % | 0.00 % | | Wheat | 6.37 % | 62.05 % | 0.00 % | | Bananas | 5.75 % | 21.30 % | 0.00 % | | Oranges | 1.48 % | -32.54 % | 0.00 % | | Beef | 8.48 % | 38.65 % | 0.00 % | | Poultry (chicken) | -0.45 % | 2.36 % | 0.00 % | | Lamb | 0.29 % | -3.12 % | 0.00 % | | Swine (pork) | 9.01 % | 11.43 % | 0.00 % | | Fish (salmon) | -4.13 % | 30.68 % | 0.00 % | | Shrimp | 1.02 % | 10.28 % | 0.00 % | | Sugar | 3.25 % | 46.46 % | 0.00 % | | Sugar, European import price | 1.00 % | -2.45 % | 0.00 % | | Sugar, U.S. import price | 3.25 % | 32.63 % | 0.00 % | | Coconut Oil | 20.29 % | 163.14 % | 0.00 % | | Fishmeal | 0.89 % | -8.06 % | 0.00 % | | Olive Oil, extra virgin | -0.47 % | -19.68 % | 0.00 % | | Palm Kernel Oil | 16.92 % | 142.37 % | 0.00 % | | Palm oil | 5.75 % | 66.92 % | 0.00 % | | Peanut Oil | 2.00 % | 35.87 % | 0.00 % | | Groundnuts (peanuts) | 15.41 % | 29.18 % | 0.00 % | | Rapeseed Oil | 1.16 % | 29.10 % | 0.00 % | | Soybean Meal | 6.34 % | 26.46 % | 0.00 % | | Soybean Oil | 4.03 % | 49.98 % | 0.00 % | | Soybeans | 5.65 % | 42.38 % | 0.00 % | | Sunflower oil | 4.28 % | 37.30 % | 0.00 % | | Coarse Wool | 14.87 % | 20.00 % | 0.00 % | | Copra | 17.33 % | 158.40 % | 0.00 % | | Cotton | 6.35 % | 131.18 % | 0.00 % | | DAP fertilizer | 0.31 % | 39.36 % | 0.00 % | | Fine Wool | 22.33 % | 54.70 % | 0.00 % | | Hard Logs | 0.74 % | 19.45 % | 0.00 % | | Hard Sawnwood | 1.20 % | 14.54 % | 0.00 % | | Hides | 1.85 % | 19.34 % | 0.00 % | | Potassium Chloride | 3.81 % | 3.70 % | 0.00 % | | Rock Phosphate | 10.71 % | 58.97 % | 0.00 % | | Rubber | 16.30 % | 79.10 % | 0.00 % | | Soft Logs | -4.80 % | 25.46 % | 0.00 % | | Soft Sawnwood | -5.17 % | 10.49 % | 0.00 % | | Triple Superphosphate | 0.53 % | 60.34 % | 0.00 % | | Urea | -0.26 % | 35.68 % | 0.00 % | | Aluminum | 3.52 % | 9.40 % | 0.00 % | | Cold-rolled steel | 0.00 % | 21.43 % | 0.00 % | | Copper, grade A cathode | 4.16 % | 29.40 % | 0.00 % | | Gold | -2.46 % | 21.33 % | 0.00 % | | Hot-rolled steel | 0.00 % | 25.00 % | 0.00 % | | Iron Ore | -1.30 % | 77.85 % | 0.00 % | | Lead | 7.08 % | 9.85 % | 0.00 % | | Nickel | 6.31 % | 39.20 % | 0.00 % | | Rebar | 9.09 % | 17.65 % | 0.00 % | | Silver | -2.80 % | 60.85 % | 0.00 % | | Steel wire rod | 2.05 % | -11.56 % | 0.00 % | | Tin | 5.12 % | 54.94 % | 0.00 % | | Uranium | 5.33 % | 45.74 % | 0.00 % | | Zinc | 3.87 % | -1.61 % | 0.00 % |
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