Commodity prices surged in September—Pink Sheet


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Energy prices surged 8.3% in September, led by oil (+9.1%) and coal (+6.5%), the World Bank's Pink Sheet reported. Non-energy prices gained 1.5%. 

Agricultural prices rose 1.6% in September. Food prices increased 2.0%, led by grains (+2.0%) and other food items (+4.1%). Beverages rose 1.1% while raw materials and fertilizers changed little. 

Metal prices increased by 1.5% in September, led by iron ore (+9.8%), lead (+4.6%), and zinc (+3.7%). Precious metals eased by 0.3%. 

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


John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

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