Energy prices gained 2.1% in July, with crude leading the increase (+2.5%), the World Bank's Pink Sheet reported. Non-energy prices fell by 2.3%.
Agricultural prices declined 2% in July. Food prices eased by 1.1%, driven by grains (-5.7%). Raw materials dipped by 0.6% while beverages declined by 5.6%. Fertilizer prices increased by 1.8%.
Metal prices dropped by 3.4%, led by nickel (-6.6%), aluminum (-5.9%), and copper (-2.7%). Precious metals rose by 2.7%, with gold (+3.1%) and silver (+0.7%) leading the increase.
The Pink Sheet is a monthly report that monitors commodity price movements.
Join the Conversation