Energy prices strengthened in November; non-energy prices eased—Pink Sheet

The energy price index rose by 7.1% in October, driven mainly by higher natural gas prices in Europe (+12.1%) and Brent crude oil (+7%), according to the World Bank's Pink Sheet. The non-energy index declined by 1.8%. Agricultural prices fell 1.3% in October, led by a 1.8% decline in food prices, while beverages and raw materials fell 0.7% and 0.2%, respectively. Fertilizers prices rose nearly 1%. Metals prices fell 3.0% in October, led by declines in iron ore (-7.1%), aluminum (-6.8%), nickel (-5.4%), and zinc (-5%). Precious metals declined 6.2%, reflecting drops in silver (-11.6%), platinum (-9.1%), and gold (-5%). The Pink Sheet is a monthly report that monitors commodity price movements.