Do Commodities Prices Relate to Economic Growth?

Commodities prices are very hard to predict, and sometimes even harder to understand! We thought that a look into the correlation between GDP growth and gold, oil and CPI would be an interesting exercise.

As you can see, during the latter half of the last decade, oil only briefly calmed in its steep ascent, and had one of its largest gains in a period of recession. If you use the select measure parameter at the top, you can see that gold was similarly disconnected from economic growth, though volatility seemed to be lower. CPI on the other hand simply crawled slowly upward during the decade, with very little volatility.

Download this workbook to see a great example of Data Integration- this is actually two completely different datasets working in unison!