{"id":547755,"date":"2022-07-05T04:18:42","date_gmt":"2022-07-05T04:18:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/commodity-prices-are-falling-back-but-is-it-enough-to-tame-inflation\/"},"modified":"2022-07-05T04:18:42","modified_gmt":"2022-07-05T04:18:42","slug":"commodity-prices-are-falling-back-but-is-it-enough-to-tame-inflation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/commodity-prices-are-falling-back-but-is-it-enough-to-tame-inflation\/","title":{"rendered":"Commodity prices are falling back \u2014 but is it enough to tame inflation?"},"content":{"rendered":"

<\/a> Commodity prices are beginning to cool \u2014 and it\u2019s stirring hope that inflation has peaked:<\/strong> Investors who piled into assets like fuel, corn and wheat to hedge against rising inflation have been making their exits, an indicator that a major contributor to wave of global inflation has begun to cool, the Wall Street Journal<\/a> reports. \u201cModerating commodity prices are clear evidence that inflation is cooling,\u201d one analyst said, pointing to the commodities that saw their prices soar during 2Q 2022 before ending the quarter at much lower levels. Natural gas prices had climbed more than 60% before ending the quarter 3.9% lower, Brent crude slipped from highs above USD 120 a barrel to end around USD 106, and grains ended the quarter cheaper too.<\/p>\n

Russia and Iran are in a race to the bottom on crude prices: <\/strong>Iran is being pushed to slash its already cheap crude in a bid to compete with Russia, which in May became Beijing\u2019s biggest oil supplier. With both Tehran and Moscow slapped with Western sanctions that significantly curtail their potential export markets, \u201cthe only competition between Iranian and Russian barrels may end up being in China, which would work entirely to Beijing\u2019s advantage,\u201d one analyst said. (Bloomberg<\/a>)<\/p>\n

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