Commodity prices (measured in U.S. dollar) continued to climb in November 2010. Energy prices increased 3.6%; non-energy prices rose by 3.4%. Food prices advanced by 4.9% while beverages were up moderately by 2.9%; raw materials prices rallied by 7.6%; metals remained firm. The US dollar appreciated 1.7% against the euro and appreciated 0.3% against a broad index of currencies.
Look out for next week's posting on Global Commodity Watch which will provide indepth analysis on these prices and commodity price forecasts.
Indices of Nominal US$ Prices (2000=100)
Source: The World Bank