Ukraine war to cause biggest price shock in 50 years - World Bank

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Ukraine war to cause biggest price shock in 50 years, says World Bank

Energy prices are soaring because of Russia's invasion of Ukraine and set to remain high into 2024

Russia currently provides 40% of the EU's gas and 27% of its oil, but European governments are moving toWheat set for record highs Prices for other raw materials including fertilisers, metals and minerals are also predicted to go up. The costs of timber, tea and rice are amongst the few expected to fall.

 

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yazzooguy Can we not put an end to the war and end the misery?

Don't you mean the covid lockdowns caused it

Govts opened their purse during lockdown.... this is how they recoup their losses

The Russian invasion of Ukraine

Blame everything on events ..,,.take massive bonuses on top……drive prices up….,,repeat every 6 months.

14 years of rampant money creation has nothing to do with it

two years of lock downs and I'm still not allowed to work. li ars

Nothing more beautiful than walking along side those fields full of rapeseed. No reason why we can't mass produce our own.

Europe's leaders are damn bastards, Europe is going back to the stone age.

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