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.
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, Percent Changes (November 2010 to December 2010)
Source: The World Bank