Commodity Price Indexes Reach New Highs
The other CRB commodity price index, the CRB spot index, also reached a new all time high yesterday of 439.03 . This index have risen "only" 20% the latest year.
The Economist's commodity price index also reached a new all time high, at 232.4. It is up 25.7% the latest year.
This means that the commodity price boom continues to be strong, just as Jim Rogers and I have repeatedly predicted. It also implies continued strong price inflation, contrary to the views of "deflationists" (in the sense of predicting the future, not advocating it) like Nouriel Roubini and Mike Shedlock.