Commodity Prices vs Long Term Average

Talk to anyone out there regarding the US Dollar and they will tell you that the Federal Reserve's actions over the last few years have steadily eroded the purchasing power of the US dollar.  The reality is that commodity prices are currently right inline with their average prices going back to 2000.  The chart below shows the CRB Commodity Index going back to 2000.  At a current level of 268.20, the index is currently trading exactly at its average closing price since the start of 2000. 

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.