WisdomTree | The Bloomberg Commodity Total Return (BCOM TR) Index posted its third consecutive month of gains in June 2021, capping the quarter with a 13.3% q-o-q gain, the strongest since Q4 2010. Demand for commodities is rising as pandemic era restrictions are being lifted, while bottlenecks are providing supply challenges. Not all commodity sectors performed equally in the reporting month (which ended 16th July), with precious metals sliding 3.6%,…Read More
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The rise in consumer price also halted to an end in June. Not only the CPI YoY growth rate down to 1.1% in June from 1.3% in May, the MoM growth rate also declined by 0.4% during the past month. The slump in CPI price is largely driven by the big drag from the volatile component. In particular, pork price decelerated by -36.5% YoY in June. But pork is not the only food factor dragging down CPI. The vegetable price growth rate also dropped to 0.1% YoY from 5.4% YoY last month.