Monetary Policy Report submitted to the Congress on July 18, 2007, pursuant to section 2B of the Federal Reserve Act
| Period | Price of
oil, dollars per barrel |
Prices of nonfuel commodities* |
|---|---|---|
| January 2003 | 32.9 | 100.0 |
| February 2003 | 35.9 | 100.4 |
| March 2003 | 33.6 | 98.7 |
| April 2003 | 28.3 | 98.1 |
| May 2003 | 28.1 | 98.5 |
| June 2003 | 30.7 | 98.1 |
| July 2003 | 30.8 | 97.7 |
| August 2003 | 31.6 | 99.3 |
| September 2003 | 28.3 | 101.5 |
| October 2003 | 30.3 | 105.6 |
| November 2003 | 31.1 | 108.0 |
| December 2003 | 32.2 | 109.9 |
| January 2004 | 34.2 | 115.4 |
| February 2004 | 34.7 | 119.7 |
| March 2004 | 36.8 | 122.8 |
| April 2004 | 36.7 | 122.9 |
| May 2004 | 40.3 | 121.7 |
| June 2004 | 38.0 | 121.6 |
| July 2004 | 40.8 | 121.4 |
| August 2004 | 44.9 | 118.9 |
| September 2004 | 46.0 | 118.5 |
| October 2004 | 53.1 | 118.8 |
| November 2004 | 48.5 | 119.4 |
| December 2004 | 43.3 | 119.7 |
| January 2005 | 46.8 | 125.5 |
| February 2005 | 48.0 | 129.2 |
| March 2005 | 54.2 | 134.6 |
| April 2005 | 53.0 | 131.2 |
| May 2005 | 49.8 | 130.5 |
| June 2005 | 56.4 | 131.5 |
| July 2005 | 58.7 | 130.8 |
| August 2005 | 65.0 | 132.5 |
| September 2005 | 65.6 | 132.8 |
| October 2005 | 62.4 | 134.3 |
| November 2005 | 58.3 | 135.2 |
| December 2005 | 59.4 | 140.7 |
| January 2006 | 65.5 | 147.5 |
| February 2006 | 61.6 | 152.3 |
| March 2006 | 62.9 | 153.3 |
| April 2006 | 69.7 | 163.3 |
| May 2006 | 70.9 | 178.4 |
| June 2006 | 71.0 | 171.5 |
| July 2006 | 74.4 | 176.0 |
| August 2006 | 73.1 | 176.3 |
| September 2006 | 63.9 | 174.9 |
| October 2006 | 58.9 | 180.1 |
| November 2006 | 59.2 | 182.1 |
| December 2006 | 62.1 | 184.6 |
| January 2007 | 54.2 | 182.5 |
| February 2007 | 59.3 | 186.8 |
| March 2007 | 60.6 | 192.1 |
| April 2007 | 64.0 | 202.6 |
| May 2007 | 63.5 | 205.6 |
| June 2007 | 67.5 | 205.9 |
| July 2007 | 72.5 | ND |
|
Note: The data are monthly. The price of nonfuel commodities extends through June 2007. The last observation for the oil price is the average for July 1 through July 13, 2007. The oil price is the spot price of West Texas intermediate crude oil. The price of nonfuel commodities is an index of forty-five primary-commodity prices. *For nonfuel commodities, index January 2003 = 100. Return to table Source: For oil, the Commodity Research Bureau; for nonfuel commodities, International Monetary Fund. |