Table 1.

Nominal price indexes and forecast revision

	Price indexes (2010 = 100)a					Change  % (q/q)b		Change  % (y/y)c		Forecast revisions
	2017	2018	2019	2020	2021	2019Q4	2020Q1	2020	2021	2020	2021
Energy	68	87	76	45	54	1.7	− 18.4	− 40.3	18.9	− 35.1	17.1
Non-energy	84	85	82	78	79	1.9	− 0.7	− 5.1	2.5	− 4.6	0.9
Agricultured	87	87	83	82	84	4.1	1.2	− 1.1	1.8	− 0.9	− 0.1
Beverages	83	79	76	72	74	5.1	− 0.9	− 5.3	2.3	− 4.4	0.2
Food	90	90	87	87	88	4.9	1.5	− 0.5	1.9	− 1.2	2.1
Oil and meals	87	85	77	78	80	7.2	3.1	0.1	2.7	− 1.8	5.2
Grains	81	89	89	88	89	0.8	4.4	− 1.5	1.8	− 1.6	0.4
Other food	102	99	98	97	98	6	− 2.5	− 0.4	0.9	0	0.2
Raw materials	81	81	78	77	79	1.2	1.6	− 0.8	1.6	− 5.3	0.3
Fertilizers	74	82	8	73	76	− 7	-4.5	− 9.9	3.1	− 12.9	1
Metals and minerals	78	83	78	68	71	− 1.8	-4.7	− 13.2	4	− 11.6	2.9
Precious metals	98	97	105	119	119	0.7	5.4	13.2	− 0.3	7.7	0.7
Memorandum items
Crude oil(USD/bbl)	53	68	51	35	42	1	− 18.7	− 43	20	− 37.5	18.1
Gold (USD/toz)	1.258	1.269	1.392	1.6	1.59	0.5	6.9	14.9	− 0.6	9.3	0.6

^aprice index, as “100,” calculated by the ratio of nominal GDP to real GDP

^b(q/q) = quarter by quarter

^c(y/y) = year by year

^dAverage of wheat, corn, and soybean price