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World Bank publishes latest commodity prices: December 2010

John Baffes's picture

Commodity prices (measured in U.S. dollar) surged across the board in December 2010. Energy prices jumped by 6.5%; non-energy prices rallied 4.8%.  Food prices rose by 5.3%; beverages climbed by 4.8%; raw materials prices went up by 5.9%; metals firmed by 6.0%. The US dollar appreciated 3.2% against the euro and appreciated 0.7% against a broad index of currencies.

Global Commodity Watch - December 2010

John Baffes's picture

Non-energy commodity prices rose for a fifth straight month in November, up 3.4 percent, despite slight strengthening of the dollar. There was large volatility during the month, with prices of many exchange traded commodities peaking early in November then declining sharply before recovering more recently.