Which of the following trends can be correctly stated as per the movement in Global Commodity Prices...........

Economic Affairs World Bank and IMF

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Which of the following trends can be correctly stated as per the movement in Global Commodity Prices

Energy commodity prices are surging recently.
As per World Bank, Food price index declined in 2017-18 reflecting moderation in food prices.
Basic Metal prices are inflating

select the answer given below :

All are correct

1 and 2 only

1 and 3 only

2 and 3 only

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Explanation:

Trends in Global Commodity Prices
• As per the commodity prices published by the World Bank, energy commodity prices are surging recently. Movement of ‘Fuel & Power’ inflation based on All India WPI tracks World Bank Energy price index.

• World Bank Food price index declined in 2017-18 reflecting moderation in food prices.

• WPI ‘Basic Metals’ prices also tracked World Bank’s ‘Base Metals’ prices. Inflation of ‘Basic Metals’ as per WPI is lower than that of World Bank’s ‘Base Metals’ inflation.