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Commodity prices stabilized in August—Pink Sheet

September 06, 2022

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Energy prices gained 1.3% in August, led by coal (+9.5%) and natural gas, Europe (+36.5%), the World Bank's Pink Sheet reported. Non-energy prices changed little, as a group.

Agricultural prices eased 1% in August. Food prices declined 1.6%, led by grains (-4.5%). Beverage prices gained 4.4% while raw material prices dropped 2.2%. Fertilizer prices eased 1.5%.

Metal prices gained 3.7% in August, led by zinc (+15.5%), copper (+5.8%), and lead (+4.4%). Precious metals gained 2.1%.

The Pink Sheet is a monthly report that monitors commodity price movements.

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Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

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