Energy prices gained 1.3% in August, led by coal (+9.5%) and natural gas, Europe (+36.5%), the World Bank's Pink Sheet reported. Non-energy prices changed little, as a group.
Agricultural prices eased 1% in August. Food prices declined 1.6%, led by grains (-4.5%). Beverage prices gained 4.4% while raw material prices dropped 2.2%. Fertilizer prices eased 1.5%.
Metal prices gained 3.7% in August, led by zinc (+15.5%), copper (+5.8%), and lead (+4.4%). Precious metals gained 2.1%.
The Pink Sheet is a monthly report that monitors commodity price movements.
Senior Agriculture Economist, Development Economics Prospects Group