Hale, Galina; Hobijn, Bart; Raina, Rachna - In: FRBSF Economic Letter (2012)
Commodity prices have soared several times in recent years, raising concerns that overall inflation could rise …, about one percentage point of the 10% cumulative inflation since 2007 reflects price rises in these important commodity … categories. When the contribution of these commodities is subtracted from overall inflation, the resulting pattern is remarkably …