Food prices may continue to rise worldwide according to the World Bank

The World Bank forecasts a 23% rise in global commodity prices by 2026, driven by Middle Eastern conflicts, grain transport issues in the Black Sea, and energy supply disruptions. Food prices are expected to increase by over 10% in 2026, with further rises in 2027 due to these factors. Energy prices may rise by 32%, marking the highest level since the 2022 Russian invasion, with a significant drop in global oil supply. Metal prices could increase by 25%, influenced by supply issues and rising demand from renewable energy and electric vehicles. Precious metals like gold may see price hikes of up to 40% due to geopolitical uncertainties.