Global price of Non-Fuel index
This dataset tracks global price of non-fuel index over time.
Latest Value
164.93
Year-over-Year Change
-3.73%
Date Range
1/1/2003 - 4/1/2025
Summary
The Global Price of Non-Fuel Index measures changes in the world market prices of non-fuel primary commodities. This index is a key indicator of global commodity price trends and inflationary pressures.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global Price of Non-Fuel Index tracks the prices of a basket of globally-traded non-fuel commodities, including agricultural products, minerals, and metals. It is used by economists and policymakers to assess global supply and demand dynamics for non-energy raw materials.
Methodology
The index is calculated by the International Monetary Fund (IMF) based on commodity price data from international markets.
Historical Context
Changes in the Non-Fuel Index can influence domestic inflation, trade balances, and monetary policy decisions in many countries.
Key Facts
- The Non-Fuel Index has risen over 50% since 2020.
- China is the world's largest importer of many non-fuel commodities.
- Rapid price changes can impact costs for businesses and consumers.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Non-Fuel Index tracks changes in world market prices for a basket of non-energy primary commodities, including agricultural products, minerals, and metals.
Q: Why is this trend relevant for users or analysts?
A: Movements in the Non-Fuel Index are closely watched as they can signal global supply and demand shifts that impact inflation, trade, and economic growth in many countries.
Q: How is this data collected or calculated?
A: The index is calculated by the IMF based on commodity price data from international markets.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries monitor the Non-Fuel Index to assess inflationary pressures and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Non-Fuel Index is published quarterly with a lag of several weeks, so it may not fully reflect the most recent commodity price movements.
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Citation
U.S. Federal Reserve, Global price of Non-Fuel index (PNFUELINDEXQ), retrieved from FRED.