Commodities UpIn today’s ISM Services report, respondents noted increases in the prices for fifteen commodities and declines in just five.  This follows Wednesday’s report for the manufacturing sector where eighteen commodities were up in price versus just one that was down.  On a combined basis, thirty-three commodities were up in price in May and six were down, for a net of twenty-seven.

In today’s Chart of the Day, we look at how this month’s increase compares to recent and longer term history, and what impact (if any) it has on inflation.






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