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Commodity prices hit an all-time high

Commodity prices continue to rise. The index, which measures the value of 23 commodities, hit an all-time high.

While the pressure of the war between Russia and Ukraine on the food and energy commodity market continues, a new record was recorded in commodity prices with the revival of demand in China, which loosened the epidemic measures.

The Bloomberg Commodity Spot Index, which includes 23 commodities, rose 1.9% and hit an all-time high.

This year, the increase seen in the index since the beginning of the year was recorded as 36%. This was the fastest increase recorded in over 10 years.

In the new record, substances such as natural gas and wheat, where supply problems are felt, came to the fore.

Looking at the sub-items of the index, the rapid increase in energy prices drew attention. The energy index has increased by 92% this year. Thus, the fastest increase since 1992 was recorded in this sub-index.

The agricultural commodity sub-index, on the other hand, has increased by 24% since the beginning of the year.

Source: NTV / Translated by Irem Yildiz

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