Published on Let's Talk Development

Energy prices fell 11 percent in December–Pink Sheet

This page in:
Energy commodity prices plunged more than 11 percent in December, led by oil (-13 percent), the World Bank’s Pink Sheet reported.

Non-energy prices fell marginally as losses in beverages, fertilizers, and metals were balanced by gains in food and precious metals.

Agricultural prices gained less than one percent—a 3.5 percent decline in the beverage price index was offset by a 3.5 percent gain of the food price index in response to grain price increases.

Fertilizer prices declined almost 7 percent, led by a 9 percent decline in Urea.

Metals prices declined 2 percent led by iron ore (-6 percent) and nickel (-4 percent).

Precious metals prices gained more than 3 percent in response to similar gains in gold and silver prices.

The Pink Sheet is a monthly report that monitors commodity price movements.
Nominal price indexes, percent changes, December over November
Major commodity price indexes

Nominal prices, percent changes, December over November


John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000