GRAPH: Commodity price changes year-to-date as of November 9. Chart courtesy Finviz.com (Click to enlarge)
Wednesday, November 10, 2010
Looking at the graph below, depicting year-to-rate price rises in commodities, I am only left with one question: If almost everything rose 4% and much more, how can this funny US Consumer Price Index be at only 1.1% annually? Something's got to give here and I bet it will not be commodity prices.