Commodities - 1 year change
Surging commodity prices will push CPI above 4% YoY in May and US inflation will likely be above 7% annualized for the 2nd quarter unless the Iran war ends soon.
Memorial day weekend gas prices in US are at a 4-year high ($4.56/gallon), up over 50% since the start of the war.
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Lindsay Talbot
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Commodities - 1 year change
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