1.CRB index: The CRB index since the beginning of last century is a futures price index compiled by the Commodity Research Bureau of the United States according to the prices of 19 basic economic sensitive commodities in the world market, which is usually referred to as RJ/CRB index for short.
2. The Commodity Research Bureau (CRB Index) is a futures price index compiled by the US Bureau of Commodity Investigation according to the prices of many basic economically sensitive commodities in the world market, which is usually referred to as CRB Index for short. It is the earliest commodity index, which was born in 1957 and was originally composed of 28 commodities.
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65438 +0. CRB index initially gives equal weight to all the constituent commodities, so the reverse change of a commodity price will not lead to an extremely huge change in the value of CRB index. At the same time, when calculating the index value, CRB index uses contract extension and geometric average technology to stabilize the fluctuation of index price, thus creating a relatively smooth price trend.
2.CRB index has become the most famous commodity index because it can effectively reflect the overall trend of commodities and provide an effective early warning signal for the changes of macroeconomic prosperity. The New York Futures Exchange (NYBOT) introduced a new commodity futures index contract from July 2005 1 1. The index has been widely concerned and applied in domestic and foreign markets.
3. It can not only better reflect the changes of producer price index (PPI) and consumer price index (CPI), but also be more advanced and sensitive than CPI and PPI, and can be regarded as an indicator of inflation. The research shows that CRB index is a good inflation index, which fluctuates in the same direction as inflation index and bond yield. To some extent, it reflects the trend of economic development.