The FIE Input Cost Index reached 148 this week, up 5 points from 143 and the highest reading since the index launched in April. Freight is behind it all.
The Freightos Baltic Index hit $3,980/FEU, up 7% from last week and 78% above where it was in early June. The Freight component now stands at 199, one point below its 200-point ceiling. Even if FBX crosses $4,000 next week, the score doesn’t move from freight alone. The index’s next move depends on grain or ISM Prices Paid.
Neither moved this week. The ISM Prices Paid index carries forward at 73.0 from June while we wait for the July release on August 3. The Grain component held at 98. Boxed beef dropped to $383.39/cwt, the lowest reading in the index’s history.
For the full commodity breakdown, component scores, and this week’s watch item, visit the FIE Input Cost Index.
