Energy commodity prices increased nearly 5 percent in February, led by oil (+8 percent), the World Bank’s Pink Sheet reported.
Non-energy prices gained 2 percent, in response to large price increases in metals and minerals.
Agricultural prices changed little, as increases in food and raw material prices (+0.5 percent each) were balanced by declines in beverages (-1.3 percent).
Fertilizer prices declined more than 2 percent, led by an 8 percent slide in DAP.
Metals prices surged nearly 6 percent, led by iron ore (+16 percent), nickel (+10 percent), and copper (+6 percent).
Precious metals prices rose 2 percent in response to a 2 percent jump in gold.
The Pink Sheet is a monthly report that monitors commodity price movements.
Nominal prices, percent changes, February over January