Prices of minerals, ores and metals further rocketing in January 2026
Year-on-year change in 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.
The UNCTAD Commodity Price Index was 9.8% higher in December 2025 than a year earlier, with a continuing and further accelerated increase in minerals, ores and metals (+64.3%), counteracting falls in fuels (-9.0%) and food (-8.6%), while prices of agricultural raw materials remained almost unchanged (-0.6%), year-on-year.
The prices of minerals, ores and metals reached a new record high, scoring over three and one half times as high as ten years ago.