The Global Price Pressures Index held steady at 1.2x in April, matching March’s 30-month high and indicating persistent above-average price pressures for global manufacturers.

• 24 of 26 monitored commodities showed rising prices, with Semiconductors leading at over 4x the long-run average, the highest since February 2024.
• Electrical Items, Packaging, Stainless Steel, and Timber also saw notable price increases.
• The Global Supply Shortages Index rose to 0.7x, its highest since July 2024 but still below the 1.0x average.
• Stainless Steel and PVC led the four commodities with above-average supply shortages.
• Polyethylene and Energy were among the few reporting price declines.