Hold onto your wallets, folks – the World Bank just dropped a bombshell report warning that global commodity prices could hit ‘1970s-level shock’ territory this year. The Russia-Ukraine conflict has already sent prices for essentials like wheat, energy, and metals skyrocketing 🚀, with no quick fix in sight.
🌾💥 ‘This isn’t just about gas prices at the pump,’ analysts say. Supply chain chaos from the conflict could keep prices historically high through 2022, squeezing households and businesses worldwide. Basic groceries? Electronics? Buckle up.
Here’s the tea ☕: The Bank predicts energy prices could leap 50%+ this year, while wheat – a staple for billions – already hit its highest price since 2008. For Gen Z travelers and entrepreneurs alike, this means everything from snack bills to startup costs might get messy.
Psst… If you’re planning a road trip 🚗 or launching a biz this year? Might want to check those budgets twice.
