Energy Transition

Inflation: How are rising food and energy prices affecting the economy?

Energy price shocks have caused rising global inflation and tighter monetary conditions, slowing global growth. Image: Unsplash/Yassine Khalfalli

Dorothy Neufeld
Author, Visual Capitalist
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The Inflation Factor: How rising energy and food prices impact the economy.
The Inflation Factor: How rising energy and food prices impact the economy. Image: Visual Capitalist, World Bank

Price crude oil natural gas coal inflation fuels
The 2022 energy spike has seen prices soar across all fuels. Image: World Bank

Countries with inflation above target.
Around two-thirds of advanced economies and just over half of emerging markets experienced inflation above target in 2021. Image: World Bank
Inflation and interest hikes in the U.S. since the 1980s.
How rising inflation in the U.S. has corresponded with interest rate hikes since the 1980s. Image: World Bank

Global growth scenarios inflation
Energy price shocks could add greater headwinds to global growth prospects. Image: World Bank
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Beyond GDP: read the full transcript here

Number of people in acute food insecurity due to mounting inflationary pressures.
Number of people in acute food insecurity due to mounting inflationary pressures. Image: World Bank
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Related topics:
Energy TransitionGeo-economicsFinancial and Monetary Systems
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