Global price of Agr. Raw Material Index
This dataset tracks global price of agr. raw material index over time.
Latest Value
105.14
Year-over-Year Change
1.33%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Agricultural Raw Materials Index measures the average global price of a basket of key agricultural raw materials. This index is a critical economic indicator for understanding supply and demand trends in global commodity markets.
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 Agricultural Raw Materials Index tracks the prices of a diverse set of unprocessed agricultural commodities like cotton, wool, rubber, and timber. This index is widely used by economists, policymakers, and industry analysts to assess the overall health and direction of the global agricultural raw materials market.
Methodology
The index is calculated by the International Monetary Fund based on global market prices for the component raw materials.
Historical Context
Trends in this index are closely monitored for their potential impacts on inflation, trade, and economic growth.
Key Facts
- The index has a base year of 2016 = 100.
- Rubber and cotton make up over 50% of the index basket.
- Index values peaked in 2011 amid a global commodity boom.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Agricultural Raw Materials Index tracks the average price of a basket of unprocessed agricultural commodities on global markets.
Q: Why is this trend relevant for users or analysts?
A: This index provides a broad gauge of conditions in global agricultural commodity markets, which has implications for inflation, trade, and economic growth.
Q: How is this data collected or calculated?
A: The index is calculated by the International Monetary Fund based on market prices for the component raw materials.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the impacts of agricultural commodity price fluctuations on the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Global price of Agr. Raw Material Index (PRAWMINDEXM), retrieved from FRED.