CPI: Food in 2015
CPI: Food opened 2015 at 246.20 and closed at 248.21, a +0.82% move for the year. The high of 248.75 was reached on October 1, and the low of 246.00 on April 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 246.20 | 246.20 | 246.20 | 246.20 | +0.00% |
| Feb | 246.50 | 246.50 | 246.50 | 246.50 | +0.00% |
| Mar | 246.07 | 246.07 | 246.07 | 246.07 | +0.00% |
| Apr | 246.00 | 246.00 | 246.00 | 246.00 | +0.00% |
| May | 246.24 | 246.24 | 246.24 | 246.24 | +0.00% |
| Jun | 246.94 | 246.94 | 246.94 | 246.94 | +0.00% |
| Jul | 247.16 | 247.16 | 247.16 | 247.16 | +0.00% |
| Aug | 247.74 | 247.74 | 247.74 | 247.74 | +0.00% |
| Sep | 248.49 | 248.49 | 248.49 | 248.49 | +0.00% |
| Oct | 248.75 | 248.75 | 248.75 | 248.75 | +0.00% |
| Nov | 248.53 | 248.53 | 248.53 | 248.53 | +0.00% |
| Dec | 248.21 | 248.21 | 248.21 | 248.21 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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