True inflation rate 27.67 percent for past 12 months: Commodity Price Index
February 15th, 2011 | Author: Posted by Ben Hart
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?
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[...] This post was mentioned on Twitter by Don England, floweringchurch. floweringchurch said: True inflation rate 27.67 percent for past 12 months: Commodity Price Index http://t.co/a0WqcE2 via @benhartpolitics [...]
[...] 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. [...]
[...] of doing. The US savings rate is at its highest point since the late 1990s, even with high inflation. (Nearly 30 percent from 2010 – 2011). The effect then remains the same as if the original [...]
[...] The dollar has lost 40% of its value since Obama. here, this has the commodity index. True inflation rate 27.67 percent for past 12 months: Commodity Price Index You will get to know me more, one thing that you will notice is when I give you a figure I error [...]
[...] True inflation rate 27.67 percent for past 12 months: Commodity Price Index (from escapetyranny.com): 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. [...]
[...] http://www.escapetyranny.com/2011/02/15/inflation-anyone-check-out-the-12-month-price-increases-on-t... [...]
[...] A quick look at the 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. The overall Commodity Price Index up 20 percent. (Click Here to view a chart.) [...]
[...] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ …and some commodity price index numbers from 2011: http://www.escapetyranny.com/2011/02…y-price-index/ ______________________ The principle for which we contend is bound to reassert itself, though [...]