Global Commodity Prices Level Off, Hurting Prospects for Lower Inflation This page in:English Español Français العربية Русский 中文 © 2024 The World Bank

Global Commodity Prices Level Off, Hurting Prospects for Lower Inflation Major flare-up in Middle-East conflict could stoke global inflation WASHINGTON, April 25, 2024—Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder for central banks to cut interest rates quickly, according to the World Bank’s latest Commodity Markets Outlook. The report also finds that a major outbreak of conflict in the Middle East could halt the inflationary decline that has occurred over the past two years. https://www.worldbank.org/en/news/press-release/2024/04/25/commodity-markets-outlook-april-2024-press-release © 2024 The World Bank