Remain Calm! All Is Well!! Don't Worry About Inflation!!! RANDOM LENGTH LUMBER FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME:LBS1! webbie No need to worry about inflation , right? Jerome Powell, the current Fed Chair said, “An episode of one-time price increases as the economy re-opens is not the same thing as, and is not likely to lead to, persistently higher year-over-year inflation .” So we're all good ... Charts don't lie. Basic materials have all skyrocketed across the board. We are being lied to. Start planning for inflation , because it's coming. Percent increases in futures contacts from one year ago (May 13, 2020 - May 13, 2021) Lumber 340% Steel 220% Iron Ore 150% Corn 120% Copper 100% Soybeans 90% Pork 82% Sugar 73% Alum 70% Milk 60% Cotton 46% Wheat 40% Coffee 36% Cattle 21%