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Energy prices increase further in June; non-energy prices drop—Pink Sheet

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Energy prices gained 6.4% in June, led by crude oil (6.1%) and European natural gas (15.1%), the World Bank’s Pink Sheet reported. Non-energy prices fell 4%. 

Agricultural prices dropped 3.7% in June. Food prices declined 4.7%, led by grains (-6.6%) and oils & meals (-5.7%). Beverages gained 1.7% while raw materials fell 2.3%. Fertilizer prices eased 0.9%. 

Metal prices plunged 5.5% in June, with some key metals registering sizeable declines (e.g., tin dropped 11.8%, aluminum 9.4%, and nickel 8.6%). Precious metal prices eased 0.8%. 

 

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

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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