The World Bank’s latest Commodity Markets Outlook projects that overall commodity prices will rise 23% in 2026. Released on October 28, the report describes pressure from Middle East conflict, disrupted grain trade and weather-related risks to production.
The institution forecasts a 32% increase in energy prices this year and a 7% decline in overall commodity prices in 2027. These are forecasts that depend on assumptions about conflicts and supply conditions, rather than confirmed future prices or a promise of lower household bills.
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