Energy commodity prices declined 6 percent in June, led by a 7.5 percent plunge in oil, the World Bank’s Pink Sheet said.
Agriculture prices dropped nearly 2 percent, with most groups easing, including food and beverages (down 1 percent each) and raw materials (off 3.5 percent). Fertilizer prices gained 2 percent.
Metals and mineral prices slid 1 percent, led by an 8 percent tumble in iron ore prices. Precious metals prices increased 1 percent.
The Pink Sheet is a monthly report that monitors commodity price movements.
Chart 1: Most commodity price indexes declined in June
Nominal price indexes, percent changes, June over May
Source: World Bank
Chart 2: Metal prices post the fourth consecutive monthly decline
Major price indexes, US$ (2000 = 100)
Source: World Bank
Chart 3: Commodity price movements were distributed roughly evenly among increases and declines.
Nominal prices, percent changes, June over May
Source: World Bank