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Fossil Fuels Lead Commodity Prices Charge: Chart of the Day

Price increases across the board averaging 30.8% year-to-date set to hurt both industry and consumers


Gas leads way in commodities price rises
Fossil fuels have seen the biggest price gains in 2022, particularly natural gas and oil. Photo: AFP

 

This year so far, the S&P GSCI commodity price index has risen by the most since 1970 as the war in Ukraine continues to put upward pressure on prices.

The following bar chart displays the year-to-date performance by commodity. Fossil fuels have seen the largest gains, with natural gas and oil in the lead, followed by agricultural products and industrial metals.

The broad price increase across all commodity classes, averaging 30.8%, will hurt both industry and consumers with emerging markets standing to suffer the most as food prices surge – a trend that can lead to political instability.

 

Price increases across the board averaging 30.8% year-to-date set to hurt both industry and consumers

  • By Richa Gandhi & Sean O’Meara

 

Read more:

China Factory Prices Ease in February, All Eyes on Commodities

Southeast Asia Stocks Rise as Commodities Rally On Ukraine Fears

 

Richa Gandhi

Richa Gandhi is a Data Journalist with Asia Financial News Group and has a special interest in data analytics. She is a post graduate in Statistics from Pune University in India. You can reach out to her on Twitter at @RichaG18.

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