Latest commodity prices: July 2024

Date: 
July 3, 2024

 

Energy prices increased 1.1% in June, led by natural gas (+9.9%).

Non-energy prices eased by 1.3%.

Food prices decreased by 2.5%.

Raw materials changed little (+0.2%), while beverages climbed by 8.5%.

Fertilizer prices surged by 9%.

Metal prices contracted by 4.5%, led by nickel (-10.7%), iron ore (-9.6%), and zinc (-5.1%). Precious metals dipped by 0.8%.

 

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Source: worldbank.org