Latest commodity prices: May 2024

Date: 
May 3, 2024

 

Energy prices increased by 5.2% in April, led by natural gas (+5.5%) and crude oil (+5.3%). Non-energy prices gained 5.3%.

Food prices dipped by 0.5%. Raw materials dropped by 2.4%, while beverages surged 26.5%.

Fertilizer prices eased by 1.3%.

Metal prices jumped by 8.9%, led by tin (+15.8%) and aluminum (+12.6%). Precious metals rose by 8.6%.

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Source: worldbank.org