Washington, 4 May 2026 – Global energy prices are projected to rise by 24% in 2026, marking their highest level since Russia’s invasion of Ukraine in 2022, as the Middle East conflict sends a severe shock across commodity markets and raises fresh concerns over inflation, trade costs and global growth.
According to the World Bank Group’s latest Commodity Markets Outlook, overall commodity prices are forecast to climb 16% this year, driven by higher energy prices, rising fertiliser costs and record-high prices for several key metals. The report signals a significant reversal after several years of easing commodity prices, placing renewed pressure on governments, businesses and consumers already navigating a fragile global economic backdrop.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here
