Sharp price increases in commodities since 2000
Grilli and Yang; Pfaffenzeller; World Bank; International Monetary Fund; Organisation for Economic Cooperation and Development (OECD) statistics; Food and Agriculture Organization of the United Nations (FAO); UN Comtrade; McKinsey Global Institute analysis
Higher commodity prices and supply-chain disruptions are driving many large companies toward smarter resource use and tighter supply chains -- the World Economic Forum's "circular economy." McKinsey Commodity Price Index (1) Index: 100 = years 1999-2001 (2) 1 Based on the arithmetic average of four commodity sub-indexes: food, non-food agricultural items, metals, and energy. 2 Data for 2013 are calculated based on the average of the first three months of 2013.