Supply chains under pressure due to the pandemic became further strained after Russia invaded Ukraine. That conflict has disrupted access to energy sources, crops, and fertilizers, pushing commodities prices well over averages from just a few years prior.
A series of eight line graphs covering the monthly change in global commodity prices (including Energy, Agriculture, Fertilizers, Metals and minerals, Food, and Grains) from January 2020 through May 2022, represented as an index with 100 equaling the 2010 average. The graphs start out on or well below the index line of 100 in 2020, but before the end of 2020 all have ascended beyond as prices for all commodities have increased.
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To read the article, see “How inflation is flipping the economic script, in seven charts,” July 6, 2022.