In February, the IPPI increased 2.6%, the largest monthly advance in the index in over 40 years, since January 1980 (+3.8%). Excluding energy and petroleum products, the IPPI rose 2.0%. Gains were widespread among the major commodity groups, with 17 up, 2 down, and 2 unchanged. Prices for energy and petroleum products advanced 9.8%, led mainly by motor gasoline (+10.8%) and diesel and biodiesel fuels (+10.0%). Higher prices for crude oil played a significant role in this increase. Production cuts by OPEC+, lower production in the United States, as well as increased global demand all contributed to the increase in the ... (full story)