EXAMINING THE CRB INDEX AS AN INDICATOR FOR U.S. INFLATION
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This paper analyzes historical movements in the commodity futures market and the relationship to inflation. Specifically, the relationship between the Commodity Research Bureau (CRB) Index and
United States inflation is investigated. It is said that the
relationship between the CRB index and the U.S. inflation rate was
greater in the some periods than in another period. Then in recent
times the CRB Index has proven to be a reliable early indicator
of inflation. As the composition of the United States economy
changes, the Commodity Research Bureau must make adjustments in order
to provide a viable service.