Commodity Prices Set to Increase by 23% in 2026 as Global Shocks Mount WASHINGTON, October 28, 2026 —Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity Markets Outlook , released today. The conflict in the Middle East has drawn down oil inventories and is set to push energy prices to a four-year high. Meanwhile, disrupted grain shipments and El Niño threaten harvests and food affordability. With oil stocks depleted, the world is more exposed to further supply shocks.
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