U.S. Bureau of Labor Statistics U.S. Bureau of Labor StatisticsMay 22, 2012
From 2003 to 2008, prices for commodity crops increased 83 percent and prices for oil and natural gas increased 232 percent. A recent article in the Monthly Labor Review, "Impact of commodity price movements on CPI inflation," explores the effects of price changes in commodity crops and oil and natural gas and two other commodity groups (animal slaughter and processing and dairy) on the Consumer Price Index (CPI) for various final goods, and on overall CPI consumer inflation, during the 2003–2008 period.
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