Mises Daily
Author:
Frank Shostak
Online Publish Date:
According to some analysts, a sharp decline in major commodity-price indexes has raised the specter of deflation. The Journal of Commerce’s index ( JCOM ) fell by 8.5% in May from April while the Commodity Research Bureau’s index ( CRB ) fell by 8.2% during that period. Also the growth momentum of these indexes plunged in May. The yearly rate of