Published on Data Blog

Energy prices fall in December; non-energy gain little—Pink Sheet

January 06, 2023

This page in:

Energy prices dropped 6.2% in December, led by crude oil (-10.7%), the World Bank’s Pink Sheet reported. Non-energy prices gained slightly as declines in food were offset by increases in metals.

Agricultural prices eased 0.7% in December. Food prices fell 1.5%, led by grains (-4.3%). Beverage prices changed little while raw materials gained 2.9%. Fertilizer prices declined 6.1%, led by Urea (-11.8%).

Metal prices gained 6.6% in December, led by iron ore (19.8%) as well as tin and nickel (around 13% each). Precious metals increased 5.2%, led by silver (11.0%).

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

Get updates from Data Blog

Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

More Blogs By John

Maria Hazel Macadangdang

Research Analyst, Prospects Group, World Bank

More Blogs By Maria

Join the Conversation

The content of this field is kept private and will not be shown publicly

Remaining characters: 1000

I have read the Privacy Notice and consent to my personal data being processed, to the extent necessary, to submit my comment for moderation. I also consent to having my name published.