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CARE Ratings Research Report
Global commodity prices are now in a bull phase with an imminent recovery in the world economy as prospects have become better with the vaccination drive pricking up. This has been seen across most commodity segments.
The discussion puts in perspective how prices have moved in three distinct phases: April 2020 over December 2019, December 2020 over April 2020 and finally February 2021 over December 2020.
The last gives an idea of most contemporary trend in price changes. This does indicate that there is considerable high inflation potential in the global economy which can make central banks rethink their approach to monetary policy during the course of the year.
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