Energy prices expected to surge 24pc, reaching highest level since 2022 Russia-Ukraine war: World Bank assessment
- Posted on April 28, 2026
- By Dawn
- 0 Views
- 1 min read
In brief
The World Bank projects a significant upturn in global commodity markets, with energy prices anticipated to climb 24% to their highest point since the 2022 Russia-Ukraine conflict. This surge is part of a broader 16% increase in overall commodity prices forecasted for 2026, fueled by escalating costs in the energy and fertiliser sectors alongside unprecedented peaks in critical metal valuations. These developments signal substantial inflationary pressures across multiple economic sectors.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Energy prices expected to surge 24pc, reaching highest level since 2022 Russia-Ukraine war: World Bank assessment
Commodity prices forecast to rise 16pc in 2026, driven by soaring energy and fertiliser prices and record-high prices of several key metals, according to WB report.
