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World Bank Projects Elevated Energy, Food Prices, Keeping Upward Pressure on Inflation
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WASHINGTON—Global prices of fuel and food are forecast to rise sharply this year due to shocks caused by Russia’s invasion of Ukraine, the World Bank said Tuesday, a sign higher commodity costs will continue to put upward pressure on inflation.
The World Bank expects commodity prices to remain elevated for years to come, as the war in Ukraine alters how commodities are traded, produced and consumed around the world.
Read more on wsj.comAbout this in other media
Bank of England ‘duty bound’ to trigger recession to curb inflation theguardian.com /2 years ago
Inflation bites hardest in developing world as Ukraine war raises prices theguardian.com /2 years ago
Indonesia’s palm oil export ban sparks concern over global food prices theguardian.com /2 years ago
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