---
title: "World Bank Expects Energy Prices to Surge 24% This Year, Overall Commodity Prices to Rise 16%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284466484.md"
description: "The World Bank's Commodity Markets Outlook predicts a 24% surge in energy prices and a 16% rise in overall commodity prices this year due to disruptions from the Middle East conflict. Brent crude oil is expected to average USD86 per barrel, while fertilizer prices may increase by 31%. Base metals are projected to hit record highs, driven by demand from various industries. Average inflation in developing economies is forecasted at 5.1%, with economic growth at 3.6%, a decrease from earlier projections."
datetime: "2026-04-29T00:28:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284466484.md)
  - [en](https://longbridge.com/en/news/284466484.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284466484.md)
---

# World Bank Expects Energy Prices to Surge 24% This Year, Overall Commodity Prices to Rise 16%

The World Bank released its Commodity Markets Outlook, stating that the war in the Middle East has caused severe disruption to global commodity markets. It expects energy prices to surge 24% this year, reaching the highest level since Russias invasion of Ukraine in 2022. Driven by soaring energy and fertilizer prices as well as record highs in various key metal prices, overall commodity prices are projected to rise 16% this year.

The report noted that attacks on energy infrastructure in the Strait of Hormuz and shipping disruptions have triggered the largest oil supply shock on record. Brent crude oil is forecast to average USD86 per barrel this year, based on the assumption that the most severe shipping disruptions will end in May and that traffic through the Strait of Hormuz will gradually return to pre-war levels by the end of this year.

The World Bank expects fertilizer prices to increase 31% this year, with urea prices surging 60%. Prices of base metals, including aluminum, copper and tin, are also projected to reach record highs, reflecting strong demand from industries such as data centers, electric vehicles and renewable energy. Precious metal prices are forecast to rise 42% on average, as geopolitical uncertainty boosts demand for safe-haven assets.

Among developing economies, the World Bank projects average inflation to reach 5.1% this year. Economic growth is expected at 3.6%, down 0.4 ppts from its January forecast. (mn/w)

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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