Where is inflation?

There is a huge ongoing debate of inflation versus deflation.

The question to ask is where do we see inflation. Do we experience it now?















The answer is below:

• Oil is at $89 a barrel, up 21% in the last year.
• Gold is trading at $1,413, up 23% in the last year.
• Silver is trading at $30, up 66% in the last year.
• Copper is trading at 4 per pound, up 26% in the last year.
• Corn is trading at 573 a bushel, up 49% in the last year.
• Soybeans are trading at 1,300 a bushel, up 23% in the last year.
• Wheat is trading at 779 a bushel, up 41% in the last year.
• Pork is trading at 104 a pound, up 23% in the last year.
• Beef is trading at 106 a pound, up 28% in the last year.
• Cotton is trading at 130 per pound, up 78% in the last year.
• Sugar is trading at 29 per pound, up 32% in the last year.
• Coffee is trading at 205 per pound, up 40% in the last year. 

If this is not inflation, what is it?