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Commodity prices set for 'best year since 1915': Report

A flurry of factors, such as the pandemic, lockdowns, civil unrest, war, excess monetary and fiscal stimulus and broken supply chains have resulted in epic inflation, BofA analysts said

Commodity markets, Illustration: Binay Sinha
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Illustration: Binay Sinha

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Commodity prices are on track for their biggest increase in over a century while fixed income assets saw the longest streak of outflows since the global financial as the war in Ukraine exacerbates the inflationary pressures resulting from the world economy springing out of lockdown, BofA wrote on Friday.

“Commodity prices on course for best year since 1915,” the investment bank's analysts led by Michael Hartnett said in a weekly note, naming a flurry of factors, such as the pandemic, lockdowns, civil unrest, war, excess monetary and fiscal stimulus and broken supply chains as having resulted in “epic” inflation.

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First Published: Mar 26 2022 | 12:35 AM IST

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