There was a lot of commodity-inflation in the early 2000s, the second biggest rise in commodity prices after the 1970s[1]. Unlike the 70s (supply shock), this

There was a lot of commodity-inflation in the early 2000s, the second biggest rise in commodity prices after the 1970s[1]. Unlike the 70s (supply shock), this was primarily a demand-pull out of China/Asia, so the net impact to the economy was much more positive. [1] https://www.investing.com/indices/bloomberg-commodity https://www.investing.com/indices/bloomberg-commodity