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The Economic Times

Global Business / The Economic Times

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Energy costs this year to hit highest since Ukraine invasion: World Bank

Global energy costs are set to reach their highest point since the Ukraine war due to Middle East conflict. Fertilizer prices will also surge, impacting farmers and crop yields. Commodity costs overall are projected to rise significantly. Higher inflation will likely lead to increased interest rates, making debt more expensive for developing economies and the poorest populations.

28 Apr 2026 11:29 pm