IDEX Polished Price Index for November: Biggest Monthly Fall Since April

(IDEX Online) - The IDEX Polished Price Index fell 2.62 per cent in November, its biggest monthly drop since April of this year. Uncertainties over the US economy, where inflation is expected to hit 10 per cent, together with the war in Ukraine and persistent Covid lockdowns in China - as well as protests against such moves  - are dampening demand and squeezing prices

The decline during the month was more od r less steady, save for a more pronounced dip around the 12th. In October the Index fell by 1.86 per cent and in September it was down 2.34 per cent.  Back in January it rose by 5.67 per cent, and in February it reached its highest value in a decade (154.86). At the close of November it stood at 132.76, a fall of just over 14 per cent.

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