A short while ago the CRB Commodities Index lost the 300 level. This is important since it verifies the move towards Deflation.
The lower CRB pushes Keystone's Inflation Deflation Indicator closer to Deflation.
The indicator remains at Disinflation between 2.9 and 3.0. The current 2.93 number is the lowest seen in this current move down.
CRB/10-Year Price = 298.18/101.781 = 2.93
A few more points lower in the CRB will indicate that Deflation is here. Reference the prior post with the CRB chart as well as the prior posts concerning Keystone's Inflation Deflation Indicator.
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