True inflation rate 27.67 percent for past 12 months: Commodity Price Index

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
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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