The decline in global commodity prices is stabilizing at levels that are still inflated, which could keep central banks from cutting interest rates quickly, the World Bank said.
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Most grown crops in the world 2021 | StatistaPrice Level: What It Means in Economics and InvestingCommodity Money: Examples, Value & HistoryCommodity prices have been little changed following a nearly 40% plunge from mid-2022 to mid-2023, according to a World Bank report Thursday. A further escalation of conflict in the Middle East could send costs up, but global commodity prices are otherwise expected to drop 3% this year and 4% in 2025, the organization said.
