A new report by the World Bank has revealed that commodity prices are set to decline in 2023. The World Bank's Commodity Markets Outlook report expects commodity prices to decrease by 21 percent this year, the steepest drop since the pandemic, before stabilising in 2024.

Commodity prices set to plunge in 2023, but relief for consumers remains elusive: World Bank report

Turkey's annual inflation has jumped to nearly 70% in April, fuelled by the Russia-Ukraine conflict and rising commodity prices after a Lira crash late last year.

Turkey's inflation surges to 20-year high

Driven by energy curbs and soaring commodity prices, china’s annual factory gate prices grew at their fastest pace on record in September. The move has piled pressure on businesses already grappling with supply bottlenecks. The producer price index (PPI) rose 10.7% from a year earlier in September, the biggest rise since the data began to be compiled in 1996.

China’s annual factory gate prices grow at their fastest pace

A new coronavirus that has killed 170 people in China and spread to over a dozen other countries has roiled global commodity markets, raising fears of weaker demand and disrupting raw material supply chains in the world's most populous country.

Coronavirus in China impacts global commodity market

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