Raw materials are cheap true or false.

   The Raw Material Price Index stands nearly 18% higher than a year ago, led by cotton and rubber prices. Raw material prices are expected to average 10% higher this year, compared to 2020, before stabilizing in 2022, according to the World Bank's Commodity Markets Outlook.

False

Explanation:

Prices are surging for raw materials, leading to higher costs for companies from home builders to clothing makers. ... Higher input costs generally accompany broad economic growth, which allows companies to pass along added expenses through higher prices of their own.