The World Bank expects energy prices to rise by 24% in 2026
This has been reported by the World Bank’s press office.
The main driver of inflation will be the rapid rise in the cost of energy, fertilisers and precious metals. In particular, the average price of Brent crude could reach $86 per barrel, compared to $69 last year.
These figures are driven by prolonged geopolitical tensions and logistical disruptions through the strategically important Strait of Hormuz.
In addition to fuel, the agricultural sector will come under serious pressure: the cost of fertilisers will jump by 31%, marking the worst affordability figure since 2022.
This threatens to reduce crop yields and could trigger food instability in many regions. At the same time, demand for ‘safe-haven assets’ will lead to a 42% rise in the price of precious metals, reflecting investors’ uncertainty about the stability of the global economy.
The result of these developments will be an acceleration of inflation in developing countries to 5.1% and a general slowdown in economic growth.
Analysts stress that market stabilisation depends directly on the timing of the end of military conflicts and the restoration of safe shipping. Should the crisis drag on, pressure on the global resource supply system will intensify.
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