IMF: Commodity Price Rise Not Temporary
The International Monetary Fund has warned that the rise in commodity prices is not temporary but continues due to successive crises such as inflation, the COVID-19 pandemic, and wars, especially in Ukraine and the Middle East. It pointed out that the increase in prices goes beyond commodities alone and leads to a decline in consumers' financial capacity, with global inflation expected to reach 4.7% this year, up from 4.1% in 2025. The rise in prices depends on supply chain disruptions and the impacts of conflicts on energy and food production, exacerbating the global cost-of-living challenges.
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