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World Bank publishes latest commodity prices: May 2011

John Baffes's picture

Commodity prices (measured in U.S. dollars) mostly higher in April 2011.  Energy prices jumped by 6.5%.  Non-energy prices increased by 2.0%; food prices edged up by 0.9%; beverages fell by 1.8%; raw materials prices rose by 4.1%; metals and minerals increased by 2.2%. The US dollar depreciated 3.1% against the euro and 1.7% against a broad index of currencies. 

Prospects Weekly: Credit default swap rates surge in Greece, and capacity utilization narrows in EAP and LAC

Global Macroeconomics Team's picture
Credit default swap rates and sovereign bond yields surged in Greece, Ireland and Portugal amid heightened speculation of a restructuring of Greek debt. In the event of a restructuring, other euro-area countries could be affected due to heightened market uncertainty and the vulnerability of banks to debt write-downs. Industrial capacity utilization has reached trend rates in developing Asia and Latin America contributing to higher inflation.