Date:
May 9, 2023
Energy prices increased 5.7% in April, led by crude oil (+7.8%) and coal (+3.8%). Non-energy prices inched up 1.1%. Food prices rose 1.9% while beverage and raw materials gained 5.5% and 1.0%, respectively.
Fertilizer prices eased 1.3%. Metal prices fell just under 1% as declines in iron ore (-8.6%) and zinc (-6.7%) were offset by increases in tin (+7.5%) and nickel (+2.6%). Precious metals gained almost 6%.
Source: worldbank.org