In the last 12 months:
Nasdaq 100 - up 40%
Cotton - up 25%
Corn - up 40%
Gold - up 15%
Silver - up 25%
Steel - up 30%
lumber - up 100%
Copper - up 46%
Aluminum - up 22%
Nasdaq 100 - up 40%
Cotton - up 25%
Corn - up 40%
Gold - up 15%
Silver - up 25%
Steel - up 30%
lumber - up 100%
Copper - up 46%
Aluminum - up 22%
It's also hardly evidence for impending hyperinflation. For instance, aluminum is massively cheaper than in 2008, and copper is still quite a bit below the 2011 level. Commodity prices always fluctuate massively.
Salaries.