In the News
World commodity prices in 2016
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.
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