The Kobeissi Letter(@KobeissiLetter):Commodity prices are skyrocketing: The Bloomberg Commodity Index is up +37.3% YoY, near its largest 12-month increase since the 2022 energy crisis. This index covers 25 exchange-traded futures contracts across energy, metals, and agriculture. This is an even bigger YoY increase than before the 2008 Financial Crisis. Year-to-date, the Bloomberg Commodity Index is up +32%. Furthermore, the Bloomberg Commodity Subindex, which includes agriculture, livestock, energy, and copper, jumped +44.9% YoY, its largest 12-month increase since 2022. Commodity inflation is making a powerful comeback.

2026.09.30 19:02

Commodity prices are skyrocketing: The Bloomberg Commodity Index is up +37.3% YoY, near its largest 12-month increase since the 2022 energy crisis. This index covers 25 exchange-traded futures contracts across energy, metals, and agriculture. This is an even bigger YoY increase than before the 2008 Financial Crisis. Year-to-date, the Bloomberg Commodity Index is up +32%. Furthermore, the Bloomberg Commodity Subindex, which includes agriculture, livestock, energy, and copper, jumped +44.9% YoY, its largest 12-month increase since 2022. Commodity inflation is making a powerful comeback.