Growth in fuel prices accelerating in May 2026, while growth in minerals, ores and metals slowed down
Year-on-year change of the UNCTAD Commodity Price Index by commodity group, percentage
UN Trade and Development, UNCTADstat.
The index has been modified in September 2025 to now only take data from sources accessible through automated online extraction routines, leading to (in general) small differences in the index values. For more information, see the related methodology note. The tables of individual commodity prices have been discontinued.
In May 2026, the UNCTAD Commodity Price Index increased by 39.3%, year on year – the same rate as in the previous month. Annual growth in fuel prices slightly accelerated, from +47.0% in April to +49% in May, while growth in minerals, ores and metals slowed down, from +45.7% to 41.4%. The rise of prices of agricultural raw materials, observed since March, also gained further momentum (+12.2%). Prices of food still slightly declined (-2.6%).