Global commodity price index 2024

The price index of natural gas dropped sharply in October 2022 after having reached around 893 points in August 2022 relative to the base year of 2016. By April 2024, crude oil had the highest consumer price index of the selected commodities at 215. In other words, oil prices worldwide were two times higher in that month than in 2016. The cost of several commodities, especially energy resources, rose at the end of February 2022 after the Russian invasion of Ukraine.

Price indices of selected commodity groups worldwide from January 2017 to April 2024 (2016=100)

Characteristic	Food and beverages	Agricultural raw materials	Base metals	Precious metals	Fertilizers	Crude oil (petroleum)	Natural gas	Coal
Apr 2024	144.01	107.71	189.15	181.41	171.85	215.4	137.12	180.73
Mar 2024	139.16	112.04	179.29	168.21	179.22	203.99	128.28	174.32
Feb 2024	136.34	107.09	184.57	157.54	175.32	195.53	124.96	163.51
Jan 2024	136.25	104.64	189.84	158.66	167.54	187	153.39	173.56
Dec 2023	134.34	100.88	191.04	159.54	173.24	182.46	178.08	183.91
Nov 2023	135.52	99.49	188.32	155.57	178.23	196.29	213.98	181.48
Oct 2023	131.75	100.7	180.18	150.48	178.09	215.04	212.39	208.03
Sep 2023	130.59	102.2	182.73	151.41	173.2	223.54	181.7	217.24
Aug 2023	130.65	100.57	176.22	151.81	177.33	203.15	169.31	197.23
Jul 2023	135.65	100.86	179.88	154.33	168.58	188.45	156.88	173.83
Jun 2023	135.25	99.72	178.98	154.17	178.72	176.76	156.48	176.46
May 2023	137.38	102.59	178.18	158.51	204.49	177.5	150.94	212.4
Apr 2023	144.19	100.01	195.53	159.53	214.24	195.46	187.27	242.2
Mar 2023	143.8	100.8	203.58	151.81	224.88	185.09	197.49	242.69
Feb 2023	140.45	103.84	209.1	148.04	253.09	193.61	231.52	283.78
Jan 2023	135.92	103.19	198.82	152.78	318.94	193.77	290.29	414.45
Dec 2022	134.04	105.82	184.3	145.81	328.84	189.3	483.5	465.72
Nov 2022	135.77	105.62	169.01	140.51	340.11	213.71	418.04	417.45
Oct 2022	136.35	104.83	161.61	136.06	301.36	227.63	372.16	483.84
Sep 2022	134.36	110.62	165.86	137.06	283.92	219.82	725.03	559.89
Aug 2022	138.75	117.69	174.74	143.26	265.52	233.9	893.1	577.58
Jul 2022	141.96	119.61	172.47	140.33	286.36	250.05	668.93	564.49
Jun 2022	153.35	130.5	200.26	148.24	320.12	275.43	483.23	559.39
May 2022	159.07	134.7	208.09	149.93	347.82	263.12	415.15	550.86
Apr 2022	162.22	133.32	231.44	157.89	348.95	244.04	463.03	470.78
Mar 2022	157.73	133.21	233.43	160.43	331.22	254.43	557.99	505.28
Feb 2022	147.08	123.7	216.64	152.44	299.1	212.07	389.72	357.95
Jan 2022	140.55	119.11	208.89	148	294.98	193.11	389.05	300.83
Dec 2021	134.53	114.16	190.58	144.55	267.59	168.08	504.14	236.18
Nov 2021	130.85	115.36	180.06	148.66	263.03	182.05	419.75	235.57
Oct 2021	128.67	113.09	196.48	145.24	223.04	187.03	458.16	338.06
Sep 2021	126.94	108.25	191.43	145.54	178.15	165.15	344.61	260.61
Aug 2021	130	110.39	212.24	148.16	170.35	156.1	244.22	231.34
Jul 2021	127.35	112.37	238.78	151.49	170.87	164.91	208.81	205.25
Jun 2021	126.44	118.17	237.39	153.92	176	161.31	175.64	183.89
May 2021	133.15	117.99	229.07	156.54	161.77	148.65	152.49	156.4
Apr 2021	126.91	114.6	208.12	148.86	158.97	142.46	126.18	141.59
Mar 2021	119.96	114.48	198.61	144.48	151.39	144.28	110.63	141.68
Feb 2021	117.4	111.31	192.66	150.94	132.05	136.03	117.47	133.71
Jan 2021	114.6	110.41	189.54	154.27	106.03	120.1	181.99	135
Dec 2020	108.13	107.59	180.07	152.77	93.05	109.6	130.4	127.84
Nov 2020	106.96	108.79	158.16	152.63	89.63	97.15	104.68	98.94
Oct 2020	103.59	103.48	150.99	155.12	90.84	92.3	101.23	87.05
Sep 2020	99.21	97.05	152.02	157.14	91.51	93.25	80.01	81.86
Aug 2020	97.77	95.83	149.07	160.3	92.11	99.66	66.81	79.45
Jul 2020	96.26	93.05	139.97	148.49	89.49	97.38	45.86	78.36
Jun 2020	98.18	92.65	132.28	139.11	91.21	92.59	43.99	81.57
May 2020	95.38	91.46	121.21	137.3	93.63	73.72	43.93	80.47
Apr 2020	92.13	91.81	116.05	135.15	97.51	55	48.51	87.55
Mar 2020	96.12	95.84	121.52	128.84	90.7	75.57	58.69	101.16
Feb 2020	99.84	98.68	125.75	132.72	88.85	125.44	60.11	114.74
Jan 2020	103.93	102.1	133.02	129.02	89.9	143.45	76.34	119.18
Dec 2019	102.8	99.22	131.09	121.18	92.46	147.36	87.28	114.81
Nov 2019	99.18	99.22	128.3	120.13	96.02	140.67	95.34	109.96
Oct 2019	95.21	95.89	132.54	121.84	101.08	134.67	83.1	101.83
Sep 2019	94.87	97.28	134.76	122.84	102.07	141.02	79.02	94.13
Aug 2019	96.74	97.46	133.25	120.67	101.09	134.96	72.6	95.41
Jul 2019	98.95	101.52	147.8	114.48	104.7	143.13	77.4	106.29
Jun 2019	98.83	105.31	141.42	109.87	109.97	138.21	76.76	104.39
May 2019	96.64	105.71	138.99	104.08	109.05	154.9	89.78	114.94
Apr 2019	99.89	104.76	139.86	104.85	107.44	159.32	94.6	116.65
Mar 2019	96.73	105.42	136.28	106.38	107.08	147.92	99.9	128.62
Feb 2019	97.57	103.94	134.63	107.45	109.76	141.6	109.96	135.11
Jan 2019	99.1	104.2	124.92	104.84	117.63	130.9	132.55	145.34
Dec 2018	97.39	104.1	123.09	101.06	122.88	125.66	151.53	150.03
Nov 2018	95.09	101.21	125.89	98.82	125.29	144.76	160.28	147.78
Oct 2018	99.33	103.16	127.68	98.2	123.35	177.36	152.67	158.98
Sep 2018	97.24	104.9	124.52	96.5	116.62	173.09	160.42	163.48
Aug 2018	96.2	106.1	125.1	96.56	107.6	164.59	147.48	164.69
Jul 2018	100.21	108.9	126.91	99.58	103.73	166.98	139.51	172.74
Jun 2018	102.89	110.66	135.31	103.31	108.08	164.36	142.64	167.86
May 2018	107.13	110.05	134.35	104.85	107.24	166.12	132.73	157.78
Apr 2018	105.61	109.85	133.89	107.17	109.96	152.76	123.16	144.06
Mar 2018	105.74	110.68	132.47	106.6	110.48	142.73	138.54	146.08
Feb 2018	104.62	110.44	137.62	107.43	107.01	140.6	141.67	152.57
Jan 2018	104.4	109.82	136.61	107.9	105.95	147.79	144.35	155.44
Dec 2017	101.04	104.08	130.23	101.99	102.72	138.76	139.36	149.27
Nov 2017	101.43	101.79	125.77	103.77	100.71	137.01	134.33	144.25
Oct 2017	101.05	100.75	124.23	103.33	94.1	125.28	122.54	144.5
Sep 2017	100.35	103.02	126.1	106.07	88.59	120.07	117.29	146.06
Aug 2017	101.68	103.04	127.02	103.53	88.14	114.03	107.78	140.99
Jul 2017	106.12	102.94	117.19	99.58	88.4	110.24	102.83	128.17
Jun 2017	103.81	103.43	109.86	101.62	92.55	107.76	102	121.71
May 2017	104.42	108.5	111.67	100.19	99.19	116.94	106.75	113.44
Apr 2017	102.39	108	116.89	102.22	101.9	124.11	105.81	124.29
Mar 2017	103.18	107.7	127.21	99.54	105.74	120.99	102.9	122.37
Feb 2017	106.63	111.5	128.72	100.03	107.66	129.48	116.54	125.78
Jan 2017	106.34	109.86	121.37	96.46	100.45	128.25	132.48	132.05

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Release date

May 2024

More information

Region

Worldwide

Survey time period

January 2017 to April 2024

Supplementary notes

The indices include the following: food: cereal, vegetable oils, meat, seafood, sugar, and other food (apple (non-citrus fruit), bananas, chana (legumes), fishmeal, groundnuts, milk (dairy), tomato (veg); beverages: coffee, tea, and cocoa; base metals: aluminum, cobalt, copper, iron ore, lead, molybdenum, nickel, tin, uranium, and zinc; precious metals: gold, silver, palladium, and platinum; fertilizers: DAP, potash, urea; crude oil (petroleum): simple average of dated Brent, West Texas Intermediate, and the Dubai Fateh; natural gas: European, Japanese, and American natural gas; coal: Australian and South African coal; agricultural raw materials: timber, cotton, wool, rubber, and hides.

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Price index worldwide monthly 2017-2024, by selected commodity