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Global commodity prices jump 10pct in July-Sept quarter: IMF

Posted on 15 October 2012

Global commodity prices surged as much as 10 per cent in the three months ended September 2012, as food and energy costs went up amid widespread supply constraints, according to the IMF. “Commodity prices, led by food and energy, leapt 10 per cent in the third quarter due to supply constraints,” the International Monetary Fund said in a report.
The figure is based on IMF’s Primary Commodities Price Index (PCPI) that reflects weighted average of prices for 51 primary commodities. They are grouped into three main clusters — energy, industrial inputs (mainly base metals) and edibles (of which food is the main component)………………………………………..Full Article: Source


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