Actually, lumber prices are declining.
Lumber prices have been used for awhile to analyze inflation.
"Lumber prices in the futures market, for example, are down more than 45 percent from their peak, slipping below $1,000 for the first time in months. That’s still high — between 2009 and 2019, prices averaged less than $400 per thousand board feet — but the sell-off has been gaining momentum over the last few weeks. The price has fallen in 11 of the last 12 trading sessions, including a 0.5 percent drop to settle at $900.80 on Friday, according to FactSet data."
And here's one article from last year with some general perspectives.
Commodities Analysis by Investing.com (Andy Hecht) covering: XAU/USD, XAG/USD, US Dollar Index Futures, Gold Futures. Read Investing.com (Andy Hecht)'s latest article on Investing.com
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