The World Bank has warned that the sharp rise in energy prices will continue through the first half of next year, leading to global inflation.
In a report released on the 21st (local time), the World Bank predicted that the increase in energy prices will only stop after supply chain tensions are eased in the second half of next year. said.
"Rising energy prices are a significant short-term risk to global inflation," said Aihan Koze, head of development prospects in the report.
"The rise in consumer goods prices is more than expected," he added.
The World Bank predicts that the price of crude oil, which rose to around $70 a barrel this year, will soar to $74 a barrel next year.
The metal price, which is expected to rise by 48% this year, is expected to decrease by 5% next year, and the price of agricultural products, which has surged 22% this year, is expected to decrease slightly.
In particular, prices for some consumer goods have risen more than this year, the largest increase in the past decade.
In addition to the recent global logistics crisis, which is deepening, climate change and the spread of Corona 19 were also mentioned as factors of price instability.
The World Bank recommends that countries strive to develop new and renewable energy and reduce the use of fossil energy, citing the impact of global climate change that could lead to changes in both energy supply and demand.Keywords: rise, world bank, half, inflation, energy prices, inflation risk, increase, price, report, logistics crisis, supply chain tensions, 21st, consumer goods prices, risk, impact