The energy price index fell 4.1% in March, driven by declines in natural gas Europe (-13.7%) and crude oil (-4.2%). The World Bank’s Pink Sheet reported. Non-energy prices dropped by 2.1%.
The agricultural price index contracted 3.8% in March. Food prices decreased 2.7%, while raw materials increased 1.3%. Beverages plunged 9.4%. Fertilizer prices went down 3.8%.
Metal prices rose 2% in March, led by tin (+7%), nickel (+5.1%), and lead and copper (about 4% each). Precious metals gained 3.1%, driven by gold and silver (about 3% each).
The Pink Sheet is a monthly report that monitors commodity price movements.
Source: World Bank Blog
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