Commodities Buzz: World Commodity Prices Up 19.1% Between February And August 2022

12 Oct 2022 , 12:08 PM

The IMF noted in a latest update that the world commodity prices rose 19.1 percent between February and August 2022. Energy?especially natural gas, up 129.2 percent?led the increase, as Russia cut gas supplies to Europe. Base metal prices declined by 19.3 percent, and precious metal prices fell by 6.0 percent, while those of agricultural commodities fell by 5.4 percent. Powered by Commodity Insights