Latest commodity prices: March 2024

Date: 
March 6, 2024

 

Energy prices increased 1.1% in February, led by oil (+3.7%). Non-energy prices changed little (+0.3%).

Food prices eased by 1.2%. Raw materials gained 0.8%, while beverages surged by 12.7%. Fertilizer prices went up by 1.8%.

Metal prices declined by 1.9%, led by iron ore (-8.4%) and zinc (-6.2%). Precious metals eased by 0.7%.

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Source: worldbank.org