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Energy prices eased in November; non-energy inched up—Pink Sheet

December 06, 2023

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Energy prices declined 8.2% in November, led by coal (-12.9%) and oil (-8.7%), the World Bank's Pink Sheet reported. Non-energy prices were up by 1.7%.

Agricultural prices gained 1.6% in November. Food prices inched up 0.9%, as an increase in oils and meals (+5.4%) was partly offset by declines in grains (-4.4%). Beverages gained 7% while raw materials changed little. Fertilizers declined 2.9%.

Metal prices rose 2.7% in November, led by iron ore (+10.4%) and zinc (+3.9%); nickel prices dropped 6.9%. Precious metals rose 3.7%, led by gold (+3.5%) and silver (+5%).

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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