Price growth accelerating in most commodity groups in August 2026
Year-on-year change of the UNCTAD Commodity Price Index by commodity group, percentage
UN Trade and Development, UNCTADstat.
The index was 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 August 2026, the year-on-year growth of the UNCTAD Commodity Price Index remained high and accelerated markedly, from 17.9% in July to 27.3%.
This acceleration was mainly driven by fuel prices, of which the growth rate rose from 17.0% to 29.6%, and minerals, ores and metals, showing a growth rate increase from 24.0% to 31.8%.
Among agricultural commodities, growth in agricultural raw material prices also picked up (from +9.8% to +13.7%). Only food prices increased at about the same, relatively moderate, pace as the previous month (+6.6% in August).