Hrávöruverð
Hrávöruverð is a term used in Icelandic economic discourse to denote the price level of commodities or raw materials that are inputs in production. It encompasses a broad set of goods, including energy products (such as oil and gas), metals (like copper and aluminum), and agricultural commodities (such as grains and sugar). Prices are typically tracked through commodity price indices and the spot and futures markets, and are often discussed both in aggregate and by sector.
Measurement and data sources: Price information for hrávöruverð is published by commodity exchanges and financial data
Factors influencing hrávöruverð: Supply and demand dynamics, geopolitical events, currency movements, inventory levels, transportation and storage
Economic significance: Movements in hrávöruverð influence production costs, consumer prices, and the general inflation outlook. They
Limitations: Commodity prices vary by grade, quality, location, and delivery terms, so indices aggregate diverse products
See also: Commodity price index, Commodity market, Inflation, Raw materials, Hedging.