World Bank Warns of Persistent High Inflation Due to Commodity Prices

Despite a previous drop, commodity prices stabilize at high levels, complicating central banks' plans for interest rate cuts.

Global inflation remains a significant challenge as commodity prices level off, preventing expected interest rate reductions.
Recent escalations in the Middle East could drive oil prices above $100 per barrel, further influencing global inflation rates.
The World Bank predicts that interest rates may stay higher for longer than anticipated due to ongoing geopolitical tensions and commodity price stability.
Investments in green technologies contribute to rising prices for essential metals like copper and aluminum, necessary for renewable energy infrastructure.
Despite some commodity prices stabilizing, the World Bank forecasts a slight decline in overall food and fertilizer prices in the coming years.