URL has been copied successfully!
Commodity prices are surging globally, reigniting inflation concerns as the Bloomberg Commodity Index climbed to its highest level in more than a decade.
Inflation is Back
According to an X post by The Kobeissi Letter on Wednesday, the Bloomberg Commodity Index rose to 141 points, surpassing the peak reached during the 2022 energy crisis and marking its highest level since February 2013.
The index, which tracks 25 exchange-traded futures contracts across energy, metals and agricultural commodities, has gained 28% year-to-date. The letter warned that “Inflation is back.”
The 5-year breakeven inflation rate recently reached 2.72%, the highest since August 2022, while the …
Please follow us:
This post was originally published here
