Ukraine war to cause biggest price shock in 50 years, says World Bank
Energy prices are soaring because of Russia's invasion of Ukraine and set to remain high into 2024
Russia currently provides 40% of the EU's gas and 27% of its oil, but European governments are moving toWheat set for record highs Prices for other raw materials including fertilisers, metals and minerals are also predicted to go up. The costs of timber, tea and rice are amongst the few expected to fall.
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