Surging Commodity Prices And Crisis In Supply Chains To Lead To Burst In Goods Prices This Summer - John Mothersole, Pricing And Purchasing Research Director, IHS Markit
Date
15/03/2021
Commodity prices continue to move higher, although late February and early March have seen periods of volatility with prices pulling back in some markets. This recent choppiness cannot be described as a correction and, indeed, our IHS Markit Materials Price Index (MPI) has continued to record a collective price increase in the commodity complex across the four weeks to March 5. As marked by the MPI, (which does include measures of ocean-going shipping rates and DRAM prices), commodity prices are now up 68% from a year ago.