Energy Prices Relatively Stable in July: World Bank

Last updated: August 12, 2024

Dhaka, Bangladesh (BBN) - Energy prices gained 2.10 per cent in July, with crude leading the increase 2.50 per cent while non-energy prices fell by 2.30 per cent, according to the World Bank's latest commodity report.

Agricultural prices declined 2.0 per cent in July. Food prices eased by 1.10 per cent, driven by grains decreased by5.70 per cent. Raw materials dipped by 0.60 per cent while beverages declined by 5.60 per cent. Fertilizer prices increased by 1.80 per cent.

Metal prices dropped by 3.40 per cent, led by nickel dropped by 6.60 per cent, aluminum fell by 5.90 per cent, and copper eased by 2.70 per cent.

On the other hand, precious metals rose by 2.70 per cent, with gold price hiked by 3.10 per cent and silver gained 0.70 per cent leading the increase.

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