Energy prices dropped 6.2 per cent in December last year, led by crude oil at -10.7 per cent, the World Bank’s Pink Sheet reported. Non-energy prices gained slightly as declines in food were offset by increases in metals.
Agricultural prices eased 0.7 per cent that month. Meanwhile, food prices fell 1.5 per cent, led by grains (-4.3 per cent). Beverage prices changed little, while raw materials gained 2.9 per cent. Fertiliser prices declined 6.1 per cent, led by Urea (-11.8 per cent).
Metal prices gained 6.6 per cent in December, led by iron ore at 19.8 per cent, as well as tin and nickel at around 13 per cent each. Precious metal prices rose by 5.2 per cent, led by silver at 11 per cent.
