Energy Prices Fall 3.2 % in August: World Bank

Last updated: September 9, 2024

Dhaka, Bangladesh (BBN)- Energy prices contracted 3.20 per cent in August, with crude oil leading the decrease by 6.20 per cent, the World Bank's Pink Sheet reported. Non-energy prices eased by 1.90 per cent.

Agricultural prices declined by 1.40 per cent in August. Food prices fell by 2.30 per cent, driven by oils and meals dropped by 5.10 per cent.

On the other hand, raw materials gained by 1.80 per cent, while beverages dipped by 1.20 per cent. Fertilizer prices remained relatively stable.

However, metal prices dropped by 3.10 per cent, led by iron ore fell by 6.50 per cent, lead dropped by 5.30 per cent, and copper decreased by 4.40 per cent.  Precious metals rose by 1.80 per cent, with gold rose by 3.0 per cent leading the increase.

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