IntroThis chart focuses on the global price index of all commodities, a period average of benchmark prices representative of the global market. The index, sourced from the IMF; includes metals, food & agriculture, energy, fertilizers.
Inflation linksCommodity prices and inflation have a close relationship: changes in commodity prices ()=input prices into production processes of goods and services) can significantly influence inflation rates. Higher commodity prices lead to higher inflation, while falling commodity prices can help curb inflation.
Chart guideThis chart simply helps us monitor the change in commodity prices - one of the key inflation drivers - to anticipate any possible inflation pressure or disinflation trend.
US energy inflation
US Energy inflation
reviewing a non-core, volatile inflation component
how much is energy adding to US inflation?
Latest data: 28-02-2026
Energy inflation:
the latest reading is +0.3% YoY, moderate, in the lower range of 10-year observations
it has gone down by -0.24% since last month
What does it mean:
Energy inflation is in the bottom of the range, contributing (as non - core element) to bring inflation down. CHANGE TEXT from BACK-END
IntroThis chart focuses on energy inflation, defined as the price change of a basket of energy commodities such as crude oil, heating oil, natural gas, and gasoline.
Non-core itemsThe prices of energy commodities tend to be more volatile than the ones from other goods and services. This is why energy items (together with food items) are excluded from the core inflation basket, which offers a more stable view of the long-term trend in prices. Nonetheless, energy inflation is key to monitor as its weight on headline inflation is significant at around 10%.
Chart guide & economic implicationsIn this chart we can monitor sudden fluctations in energy prices and their potentially abnormal impact on inflation numbers. If energy price fluctuations are justified by specific, short-lived technical or macro episodes (from short-term supply gluts to inventory drawdowns or geopolitical tensions) we can safely dismiss any long-term influence on inflation, especially if on the way up. If instead energy price changes are part of a broader, clearer inflation upswing...well, then there's trouble coming.