Reply #25: Here's a link to that JOC-ECRI Industrial Price Index [View All]

[Roland99]

http://www.joc.com/data/pricesindexes.shtml

The Journal of Commerce -- Economic Cycle Research Institute Industrial Price Index (JOC-ECRI IPI) is designed to yield a cyclical leading indicator of the inflation cycle. Cyclical turns in raw material price inflation, as measured by the growth rate of the JOC-ECRI IPI, anticipate cyclical turns in consumer inflation. Superior performance is achieved by the careful selection and combination of the components of the index, which is made up of a broad basket of the industrial commodities that have the best cyclical relationships with inflation. The foundation for the JOC-ECRI IPI is the work of Geoffrey H. Moore and his research staff, who have studied economic and inflation cycles for decades.

Index Annual Change (%) +15.20

Petro Annual Change (%) +39.06

:wow: