Movements in Prices of Agricultural Raw Materials and Related Economic Indicators, 1983–89
(Annual percentage change)
|Prices of agricultural raw materials1|
|In U.S. dollars||1.9||7.2||–15.0||1.6||33.6||9.4||–2.1|
|In U.S. dollars||–9.6||–0.4||–4.5||–48.8||28.7||–20.4||21.4|
|Unit value of manufactured exports|
|In U.S. dollars||–2.9||–3.1||1.0||17.7||11.9||6.1||–0.3|
|Domestic prices in major industrial countries4|
|Consumer price index||4.4||4.5||3.8||2.0||2.8||3.1||4.2|
|Economic activity in major industrial countries4|
|Domestic fixed investment||3.9||9.6||4.6||2.5||5.0||8.2||5.1|
|Index of world consumption of agricultural raw materials5||2.7||3.9||5.2||5.6||2.0||1.9||1.8|
|World supply of agricultural raw materials5|
|Index of production||1.4||8.8||0.0||–2.2||5.8||3.3||1.4|
|Index of supply6||2.8||6.5||3.5||0.5||1.3||1.6||1.0|
|Index of closing stocks||–2.6||39.1||7.8||–20.1||–4.6||–1.9||–8.5|
Refers to IMF world index of prices of agricultural raw materials. These percentages differ from those reported in International Monetary Fund, World Economic Outlook, May 1990: A Survey by the Staff of the International Monetary Fund, World Economic and Financial Surveys (Washington, 1990); Table A29, which refer to the index of commodities exported by developing countries.
Index of dollar prices of agricultural raw materials, deflated by the index of dollar unit values of manufactured goods exports.
Simple average of spot prices for U.K. Brent, Dubai, and Alaska North Slope crude petroleum.
Averages of percentage changes for Canada, France, the Federal Republic of Germany, Italy, Japan, the United Kingdom, and the United States, weighted by the average U.S. dollar value of their respective GNPs over the preceding three years.
Overall indices constructed using the same weights for the indices of individual commodities as in overall (world) price index. Crop year data for agricultural commodities are given under the earlier calendar year, for example, crop year 1980/81 under 1980. The commodity coverage of the indices of consumption and stocks is less comprehensive than the coverage of the indices of production and supply.
Supply is defined as production plus beginning-of-year stocks.