Energy, crude goods prices have continued to surge

By Tom Stundza -- Purchasing, 5/2/2008 12:25:00 PM

“The recent inflation news has been bad,” says Dana Johnson, chief economist at Comerica Bank in Detroit, who adds that “trends in prices for crude goods materials equal the main upside inflation risk at present.” The Purchasing Magazine Commodity Price Index increased to a record 252.3 in April because of increased costs for chemicals, polymers, metal scrap, steel, nonferrous and precious metals, wood pulp and paper and paperboard products. So, the magazine’s commodity price index (100 = January, 1992) has increased by 29% since April 2007 and 39% from the last cyclical nadir in October 2006. Read the PDF.

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