Economy, investment and finance

The UNCTAD Commodity Price Index dropped 4.2% in May 2025 (year-on-year basis), led by the continuing fall of fuels (-14.9%). The minerals, ores and metals commodity group increased the most (+15.7%), due to strong precious metals growth. The all food group increased by 4.4% (with strong coffee price increases cancelling out falls in foods) and agricultural raw materials gained 3.7%. The index is now about 30% lower than its August 2022 peak.

Commodity prices dipped slightly by 2.3% in 2024, after having dropped sharply the previous year from their 2022 peak. This drop was again dominated by fuel prices (-7.8%), while prices for minerals, ores and metals group (11.1%) and agricultural raw materials groups (5.4%) both increased.

Excluding fuels, the index saw its highest ever value in 2024.