In the News
World commodity prices in 2016
Geoff Riley
9th December 2016
Over the last year there have been significant increases in the prices of globally traded commodities.
- Oil: +35%
- Gas: +75%
- Gold: +9.5%
- Silver: +21%
- Copper: +28%
- Iron: +100%
- Nickel: +31%
- Aluminum: +16%
- Steel: +49%
- Coal: +60%
If you are thinking of a quick revision thought experiment, work through the list and - using aggregate demand and supply analysis - consider how these price changes might affect macro economic objectives for the UK.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Prebisch Singer Hypothesis
Study Notes
World Food Prices
Study Notes
Your Full English Breakfast is Getting Cheaper!
11th September 2015
Copper prices collapse to a six year low
29th September 2015
Avocado prices reach record high
3rd May 2017
Why is the price of butter going up?
10th September 2017
Commodity Prices - Vietnam adds to global coffee supply concerns
1st September 2021