The US inflation rate in July was reported at 8.5%, which was just below the average trade estimate of 8.7%. Nevertheless, the US inflation rate remains at its highest level since 1982. Economists that closely track the data argue that if the Consumer Price Index were calculated under the same methodology as in the early…
The US inflation rate, as measured by the Consumer Price Index, came in far higher than expected for the month of October. The consensus was for an October inflation rate of 5.8%, instead, the US CPI was up 6.2% from a year ago, or the largest increase in more than at least three decades. The…
The November release for the US Producer Price Index showed an October inflation rate of 8.6%, steady with September but still the highest in more than a decade. The graphic shows the close relationship between changes in the CRB Commodity Index and the US Producer Price Index. The CRB in early November is 64% higher…
FAO – the Food and Agriculture Organization of the United Nations, released its monthly update of global food price indexes. The Food Price Index marked a ten-year high of 133.2. This marked the seventh consecutive month that the index increased more than 30% on a year-over-year basis. The Meat Price Index declined for the third…
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