There are some neat and readily understandable charts in a recent article titled ‘Commodity prices in pictures‘ – reading time 5 minutes.  A sampling of these charts are titled (1) ‘Commodity prices track world demand’, (2) ‘(U.S.) CPI Component Price Change Distribution’ in the past 12 months – a chart I think is well worth reviewing and thinking about, (3) ‘(U.S.) Energy Expenditures as a Share of Income and Expenditures’, and (4) ‘(U.S.) Food at Home as a Share of Income and Expenditures’.  If you are interested in the question of whether we are likely to experience an inflationary or deflationary environment going forward (whether or not we live in the U.S.), a review of these and the other charts presented in the article may be of help.

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