World Bank food prices will rise 23 percent this year

Food prices could rise by almost a quarter this year
According to the compilers of the document, global energy prices will rise by 50.5 percent this year compared to last year, but will fall by 12.4 percent in 2023.
Food prices are expected to rise 22.9 percent this year and fall 10.4 percent next year. The World Bank expects the most significant growth of 29.7 percent in the vegetable cooking oils segment this year. In addition, the rise in the price of fertilizers could reach 69.2 percent, which is one of the reasons for the rise in prices for agricultural products. (MTI)
Related news
Why are apples cheaper in Poland? – Prices, VAT and agricultural strategy in the background
A model Polish economy and a conscious tax policy are…
Read more >Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >