Commodity prices drop in sign that inflation may be peaking

By Zach Halaschak

Published July 5, 2022 7:57pm ET

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Commodity prices drop in sign that inflation may be peaking — In this Oct. 24, 2013, photo, black tank cars of the type used to transport crude oil from North Dakota head toward a refinery in Anacortes, Wash. Hundreds of rail cars carrying crude oil could soon be chugging across the Northwest, bringing potential jobs and revenues but raising concerns about potential oil spills, increased train traffic and other issues. With five refineries in the state, Washington has long been accustomed to receiving crude oil from Alaska by ship, barges or pipelines. But ports and refineries are now turning to trains to take advantage of a boom in oil from North Dakota's Bakken region. (AP Photo/Skagit Valley Herald, Scott Terrell) | Scott Terrell

Commodity prices are tumbling in the latest sign that the blistering rate of inflation might be leveling off.

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Federal Reserve Inflation Interest Rates Prices Recession