Energy prices expected to climb higher in 2022

Energy prices are expected to inch up in 2022 after surging more than 80 per cent in 2021, fuelling significant near-term risks to global inflation in many developing countries.
The information is contained in the World Bank latest Commodity Markets Outlook released on Tuesday.
The multilateral development bank said energy prices should start to decline in the second half of 2022 as supply constraints ease, with non-energy prices such as agriculture and metals also expected to ease after strong gains in 2021.

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