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Energy prices surged in September; non-energy prices mixed—Pink Sheet

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Energy prices surged nearly 11% in September following strong gains in all components—oil (+5.7%), coal (+9.5%), and natural gas (+38.7%), the World Bank’s Pink Sheet reported. Non-energy prices averaged 1% lower. 

Agricultural prices dropped 0.7% in September. Food prices declined 1.5% following declines in grains (-4.3%) and oils & meals (-0.7%). Beverages surged nearly 4% while raw materials declined 0.8%. Fertilizer prices were down 1%. 

Metal prices dropped nearly 2% in September, led by iron ore (-23.2%) and lead (-6.9%); aluminum prices gained 8.9%. Precious metals declined 1.1% with platinum and silver down 3.5% and 3.3%, respectively. 

 

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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