Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46698 
Year of Publication: 
1997
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1997
Series/Report no.: 
Kiel Working Paper No. 810
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
Abstract: 
World commodity prices increased in 1996 on aggregate by 7 percent. However, taking yearly averages, this was the result of heterogeneous developments: increasing oil prices, which have a dominant weight, and falling prices for industrial raw materials and food and beverages. Forecasts for 1997 and 1998 point in the opposite direction: oil prices are expected to fall slightly whereas industrial raw material prices are likely to increase, a process which already began at the end of 1996 and will level off through 1998. Prices for food and beverages will decline slightly after a pronounced increase during the first months of 1997.
Document Type: 
Working Paper
Document Version: 
Digitized Version

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