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


Our Impact
The Big Picture
Explore and monitor how Energy is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:


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

The 2022 energy spike has seen prices soar across all fuels. Image: World Bank

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

Energy price shocks could add greater headwinds to global growth prospects. Image: World Bank

Beyond GDP: read the full transcript here

Number of people in acute food insecurity due to mounting inflationary pressures. Image: World Bank

Have you read?

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:

EnergyGeo-economicsFinancial and Monetary Systems


Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda


You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

This technology turns windows into solar panels, here’s how
About Us
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2022 World Economic Forum