Friday, June 18, 2021

Macroecon 8, Rising inflation rates, prices of industrial and agri commodities

Inflation rates of the top 10 largest economies (GDP size) in the world, Oct 2020 to May 2021. I arranged them from #1 to #10. Even JP deflation is ending soon.

Top 10 largest GDP size 2020, $ billion

Top 5

2020

Next 5

2020

United States

20,932.8

India

2,708.8

China

14,722.8

France

2,598.9

Japan

5,048.7

Italy

1,884.9

Germany

3,803.0

Canada

1,643.4

United Kingdom

2,711.0

Korea

1,630.9

Sources: (1) Inflation, Trading Economics; (2) GDP size, IMF, World Econ Outlook 2021 database.

This inflation trend coincided with significant increase in prices of some industrial and agricultural commodities. Below, prices of copper, iron ore and coal, last five years.

https://tradingeconomics.com/commodities

Prices of poultry, beef and lean hogs, last five years.

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See also: 
Macroecon 5, Inflation rates of many countries, Oct 2020 to April 2021, May 26, 2021 
Macroecon 6, GDP in Q1 2021 of 54 economies, June 01, 2021 
Macroecon 7, On US inflation rate 5%, Central Banks and climate, PH losing 3 years due to strict lockdowns, June 16, 2021.