Economics: Commodities, Forex and Inflation

MEXICO - Report 24 Jun 2015 by Mauricio Gonzalez and Ernesto Cervera

Executive Summary Over the past year raw material prices have experienced their sharpest contractions on an international level since the economic crisis of 2008-2009. The International Monetary Fund’s general index of raw material prices recorded a 31.9% decrease between June 2014 and May of this year despite a relatively modest 7.5% rebound in prices during the past few months. That overall trend was clearly led by the sharp plunge we have seen in the price of oil and of practically all energy prices in the world. However, the contraction in commodity prices has by no means been limited t...

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