Date:
January 8, 2024
Energy prices dropped 6.3% in December, led by European natural gas (-20.6%) and oil (-6.9%). Non-energy prices eased by 1.6%.
Food prices declined 3%. Beverages increased by 5.3%, while raw materials inched up by 1.1%. Fertilizer prices plunged 24%.
Metal prices gained 1.2%, led by iron ore (+4.6%) and copper (+2.6%). Precious metals rose 2.1%.
Source: worldbank.org