Energy Transition

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

Energy price shocks rising global inflation tighter monetary conditions slowing global growth petrol

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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