Energy Prices to Climb 32% This Year as Global Shocks Mount, World Bank Says
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6 Articles
The World Bank projected a record rise in energy and commodity prices during the current year 2026, as the US war continues. In a new report released by the Bank today Wednesday, energy prices increased by 32% after 3 years of decline before stabilizing again in 2027.
Commodity prices will rise by 23 per cent in 2026 and will rise to the second highest level since 2013, forecast by the World Bank (WB). "The conflict in the Middle East has depleted oil reserves and is likely to put energy prices at a maximum of four years," says his press release for the review of Community Markets Outlook. "The disruption of cereal supply and the (weather) El Niño phenomenon, however, pose a threat to crops and food availabil…
Energy Prices Set to Jump 32% This Year in World Bank Outlook
Food prices will continue to rise next year due to disruptions in grain supplies, crop risks and rising fuel and fertilizer prices. This is what the World Bank warns, quoted by DPA. The institution predicts that food prices will increase by about 10% this year compared to 2025, and in 2027 a new increase of 7% is expected. An even more serious jump is looming for energy carriers. The World Bank expects energy prices to increase by nearly a third…
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