Energy prices fell 7.5% in October, led by natural gas in Europe (-34%) and the U.S. (-27.6%), the World Bank's Pink Sheet reported. Non-energy prices fell 1.2%.
Agricultural prices eased 0.7% in October. Food prices increased 0.8%, led by grains (+5.7%). Beverages and raw materials declined 6.4% and 3.2%, respectively. Fertilizer prices declined 3.7%.
Metal prices dropped 1.7% in October, led by tin (-8.2%), iron ore (-7.3%), and zinc (-5%). Precious metals eased 0.4%.
The Pink Sheet is a monthly report that monitors commodity price movements.
Senior Agriculture Economist, Development Economics Prospects Group