Copper Leading inflation to catastrophe

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This revelation is indeed alarming: when examining copper prices in relation to U.S. CPI figures since 2020, we observe a remarkably strong positive correlation, not in each individual movement but in the overall trend and the reversals of peaks and troughs. Copper prices have surged significantly since February 2024. If this trend persists, we could be on the brink of a significant spike in inflation, with profound economic consequences.