#CbondsAnalytics Effective Commodity Tracker – Cbonds Data | Cbonds Global

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Effective Commodity Tracker – Cbonds Data Indices

In the last year, Inflation turned out to be non-transient in most world economies, which increased commodity prices across multiple segments, including many industrial and agri-commodities due to Covid-19 restrictions and disruptions.
In December 2021, the US CPI rose 7.0%, while the figure was 5.0% in the Eurozone. These readings are a multi-year high. China's CPI came in at 1.5%, while Japan's number was 0.8% for December 2021. In the US, GDP grew by 2.1% in the third quarter, Eurozone GDP grew 3.7%, while Japan's contracted by 3.6% over the year. GDP growth was 4.0% in China during the 4th quarter.
This report, the 19th in the series, will cover CRB Index trends for the commodity, as displayed on the Cbonds platform. One can find commodity prices effectively in the Cbonds Indices section.
Over the last year, the CRB Index has risen 44.86% to 268 as of January 2022. During the last 2-months, the index has gained significantly, by 12.14%, to reach a 7-year high.
CRB Index is a commodity index that tracks prices of 19 commodities dominated by WTI crude oil followed by natural gas, precious and industrial metals, and some argi-commodities such as corn and soyabean.
The index is administered by Refinitiv Benchmark Services (UK) Limited and calculated based on the prices of commodity futures. The CRB index is the benchmark for many commodity ETFs globally.
The changes in the composition of CRB index components depend on trading activity and spreads consumption, production of products, correlation, inter- relationship with other relevant assets, and inflation movements.

Read the full report here