Commodity Prices Set to Increase by 23% in 2026 as Global Shocks Mount

Commodity Prices Set to Increase by 23% in 2026 as Global Shocks Mount https://www.worldbank.org/en/publication/nourish-and-flourish-water-solutions-to-feed-10-billion-people-on-a-livable-planet Energy prices to rise 32% in 2026; food commodity prices to climb 18% in 2026–27 WASHINGTON, October 28, 2026—Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity Markets Outlook, released today. The conflict in the Middle East has drawn down oil inventories and is set to push energy prices to a four-year high. Meanwhile, disrupted grain shipments and El Niño threaten harvests and food affordability. With oil stocks depleted, the world is more exposed to further supply shocks. As countries respond to these challenges, the World Bank Group is making financing and support available through its existing instruments, while scaling up its ability to mobilize private capital alongside its own resources.