CRB Futures Index Reach New High

Further illustrating my point about the strong inflationary pressures, the CRB Futures index of commodity prices reached a new all-time high, surpassing -albeit only very slightly- its previous peak from July 19. In mid-August, it had fallen by about 6% from the peak, but has now reached a new high.

Oil was one of the commodities reaching an all-time high, while gold is nearing a 27-year high.