The longest commodity slump in more than two decades is helping to keep U.S. inflation in check as consumers benefit from cheaper supplies of everything from gasoline to peanuts.
Record-large crops this year sent corn, soybeans and wheat into bear markets. Rising oil output reduced fuel prices for U.S. motorists to the lowest for this time of year since 2010. In China, which once sparked a decade-long commodity rally, slowing economic growth left world gluts in cotton and steel. And gold tumbled as investors exited in favor of equities.
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