High commodity prices could keep inflation elevated, World Bank warns
by @cityam
@cityam— Sustained high levels of energy and commodity prices could drive global inflation upwards, the World Bank has warned today.
CNBC—Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns. Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.
The Guardian—Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns. Increase in cost of crude could drive inflation up and force central banks to keep interest rates high• Business live – latest updatesA serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in global inflation, the World Bank has said.The Washington-based institution said the recent fall in commodity prices had been levelling off even before the recent missile strikes by Iran and Israel – making interest rate...
CNBC—‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets. The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.