Inflation reports are a lagging indicator

Lumber prices have fallen 70%.

They are back to pre-pandemic pricing and the same as 2019 and 2018.

This is deflationary. These falling prices are seen amongst many other commodities.

I have written about Aluminium, Iron Ore, Copper, Hot Rolled Coil Steel, Natural Gas and Oil….all doing the same.

WTI Crude Oil was $120 only 3 months ago. It is now $78 per barrel.

Don’t be tricked into believing whatever pricing you are seeing or experiencing today is forever.

September 27, 2022

by Rob Zdravevski

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: