{"id":76701,"date":"2022-04-27T13:22:47","date_gmt":"2022-04-27T13:22:47","guid":{"rendered":"https:\/\/www.sweetmelodiesfm.com\/?p=76701"},"modified":"2022-04-27T13:22:47","modified_gmt":"2022-04-27T13:22:47","slug":"ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank","status":"publish","type":"post","link":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/","title":{"rendered":"Ukraine war will cause greatest price shock in 50 years &#8211; World Bank"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">The war in Ukraine is set to cause the &#8220;largest commodity shock&#8221; since the 1970s, the World Bank has warned.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">A new forecast said the disruption caused by the conflict would contribute to huge price rises for goods ranging from natural gas to wheat and cotton.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The increase in prices &#8220;is starting to have very large economic and humanitarian effects&#8221;, Peter Nagle, a co-author of the report, told the BBC.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">He said, &#8220;households across the world are feeling the cost of living crisis&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;We&#8217;re particularly worried about the poorest households since they spend a larger share of income on food and energy, so they&#8217;re particularly vulnerable to this price spike,&#8221; the senior economist at the World Bank added.<\/p>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Energy prices are set to increase more than 50%, pushing up bills for households and businesses, the World Bank says.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline1\">\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The biggest rise will be in the price of natural gas in Europe, which is set to more than double in cost. Prices are forecast to fall next year and in 2024, but even then will remain 15% higher than they were last year.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The World Bank said this means that from the lows of April 2020 until the highs of March this year we have seen &#8220;the largest 23-month increase in energy prices since the 1973 oil price hike&#8221;, when\u00a0tensions in the Middle East\u00a0sent prices soaring.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\">\n<figure style=\"width: 976px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/i0.wp.com\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg?resize=696%2C392&#038;ssl=1\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/B981\/production\/_124298474_gettyimages-535708976.jpg 976w\" alt=\"oil-producing platform is seen at Pechora Sea, Russia\" width=\"696\" height=\"392\" \/><figcaption class=\"wp-caption-text\">IMAGE SOURCE, ANADOLU \/ GETTY \/ AFP\/ Energy prices are soaring because of Russia&#8217;s invasion of Ukraine and set to remain high into 2024<\/figcaption><\/figure>\n<\/div>\n<\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Similarly oil prices are expected to remain elevated into 2024 with a barrel of the benchmark measure, Brent Crude, projected to average $100 this year, something which will lead to widespread inflation.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Russia produces about 11% of the world&#8217;s oil, the third biggest share, but the report said &#8220;disruptions resulting from the war are expected to having a lasting negative effect&#8221; as sanctions mean that foreign companies leave and access to technology is reduced.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Russia currently provides 40% of the EU&#8217;s gas and 27% of its oil, but European governments are moving to\u00a0wean their countries off of supplies from Russia. That has helped push up global prices by creating more demand for supplies from elsewhere.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-dm4ypg-ComponentWrapper-HeadlineComponentWrapper e1xue1i89\" data-component=\"subheadline-block\">\n<h2 id=\"Wheat-set-for-record-highs\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\" tabindex=\"-1\"><span role=\"text\">Wheat set for record highs<\/span><\/h2>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The World Bank commodity outlook also warned many foods are set to see steep rises in their costs. The UN food prices index already shows they are at their\u00a0highest since records began\u00a060 years ago.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline2\"><\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Wheat is forecast to increase 42.7% and reach new record highs in dollar terms. Other notable increases will be 33.3% for barley, 20% for soybeans and 29.8% for oils and 41.8% for chicken. These increases reflect the fact that exports from Ukraine and Russia have fallen drastically.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Before the war the two countries accounted for 28.9% of global wheat exports according to JP Morgan, and 60% of global sunflower supplies &#8211; a key ingredient in many processed foods &#8211; according to S&amp;P Global.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\">\n<figure style=\"width: 976px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/i0.wp.com\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg?resize=696%2C392&#038;ssl=1\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/107A1\/production\/_124298476_gettyimages-1232841347.jpg 976w\" alt=\"food market in Colombo\" width=\"696\" height=\"392\" \/><figcaption class=\"wp-caption-text\">IMAGE COPYRIGHT \/ AFP\/ The rising cost of food has contributed to protests against the government in Sri Lanka<\/figcaption><\/figure>\n<\/div>\n<\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Prices for other raw materials including fertilisers, metals and minerals are also predicted to go up. The costs of timber, tea and rice are amongst the few expected to fall.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;Wheat is one of the hardest agriculture exports to replace,&#8221; according to a research note from the Bank of America. It points out that poor weather conditions in North America and China are likely to exacerbate the impact of Ukrainian supplies being reduced, something which will continue because the war has disrupted the spring planting season.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.sweetmelodiesfm.com\/world-bank-helps-protect-buildings-in-manila-against-quakes\/\">World Bank helps protect buildings in Manila against quakes<\/a><\/li>\n<li><a href=\"https:\/\/www.sweetmelodiesfm.com\/world-bank-promises-200-bn-in-2021-25-climate-cash\/\">World Bank promises $200 bn in 2021-25 climate cash<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The note also suggests grain and oilseed shipments from Ukraine have fallen more than 80% because of the fighting and these lost exports, over the course of a year, &#8220;equate to about 10 days of world food supply&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The chief executive of Archer Daniels Midland, one of the world&#8217;s four big food commodity traders, said he does not expect prices to come down soon.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline3\"><\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">As the US firm announced a 53% increase in net earnings for the first three month of this year, to $1.05bn, Juan Luciano said: &#8220;We expect reduced crop supplies &#8211; caused by the weak Canadian canola crop, the short South American crops, and now the disruptions in the Black Sea region &#8211; to drive continued tightness in global grain markets for the next few years&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i810\" data-component=\"image-block\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\">\n<figure style=\"width: 976px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/i0.wp.com\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg?resize=696%2C392&#038;ssl=1\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/6B61\/production\/_124298472_nagleworldbank.jpg 976w\" alt=\"Peter Nagle\" width=\"696\" height=\"392\" \/><figcaption class=\"wp-caption-text\">IMAGE COPYRIGHT \/ AFP\/ The World Bank&#8217;s Peter Nagle says rising food prices are having &#8220;very large economic and humanitarian effects&#8221;<\/figcaption><\/figure>\n<\/div>\n<\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Mr Nagle, from the World Bank, said other countries can help solve the supply shortage caused by Ukraine&#8217;s war in the medium term. However a forecast 69% increase in fertiliser prices this year means &#8220;there&#8217;s a real risk that as farmers start to use fewer fertilisers, agricultural yields will decline&#8221;.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">For commodities overall, the World Bank report said: &#8220;While prices generally are expected to peak in 2022, they are to remain much higher than previously forecast.&#8221;<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">It added that &#8220;the outlook for commodity markets depends heavily on the duration of the war in Ukraine&#8221; and the disruption it causes to supply chains.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The war in Ukraine is set to cause the &#8220;largest commodity shock&#8221; since the 1970s, the World Bank has warned. A new forecast said the disruption caused by the conflict would contribute to huge price rises for goods ranging from natural gas to wheat and cotton. The increase in prices &#8220;is starting to have very [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":76702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[625,720],"tags":[14359,1248,6836,1087,14240,1179,1284],"class_list":{"0":"post-76701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-world","9":"tag-global-economy","10":"tag-global-trade","11":"tag-inflation","12":"tag-russia","13":"tag-russia-ukraine-war","14":"tag-world","15":"tag-world-bank"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ukraine war will cause greatest price shock in 50 years - World Bank - Sweet Melodies FM<\/title>\n<meta name=\"description\" content=\"Sweet Melodies FM Ukraine war will cause greatest price shock in 50 years - World Bank News\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine war will cause greatest price shock in 50 years - World Bank - Sweet Melodies FM\" \/>\n<meta property=\"og:description\" content=\"Sweet Melodies FM Ukraine war will cause greatest price shock in 50 years - World Bank News\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Sweet Melodies FM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SweetMelodiesFM\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T13:22:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SweetMelodiesFM\" \/>\n<meta name=\"twitter:site\" content=\"@SweetMelodiesFM\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/person\/3ef38eb5e51cb0eafc7fd7bacdcc8a8f\"},\"headline\":\"Ukraine war will cause greatest price shock in 50 years &#8211; World Bank\",\"datePublished\":\"2022-04-27T13:22:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\"},\"wordCount\":878,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1\",\"keywords\":[\"Global economy\",\"Global Trade\",\"Inflation\",\"Russia\",\"Russia-Ukraine war\",\"World\",\"World Bank\"],\"articleSection\":[\"News\",\"World\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\",\"url\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\",\"name\":\"Ukraine war will cause greatest price shock in 50 years - World Bank - Sweet Melodies FM\",\"isPartOf\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1\",\"datePublished\":\"2022-04-27T13:22:47+00:00\",\"description\":\"Sweet Melodies FM Ukraine war will cause greatest price shock in 50 years - World Bank News\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1\",\"width\":864,\"height\":486,\"caption\":\"IMAGE COPYRIGHT \/ AFP\/ World Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sweetmelodiesfm.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global economy\",\"item\":\"https:\/\/www.sweetmelodiesfm.com\/tag\/global-economy\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ukraine war will cause greatest price shock in 50 years &#8211; World Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#website\",\"url\":\"https:\/\/www.sweetmelodiesfm.com\/\",\"name\":\"Sweet Melodies FM\",\"description\":\"Keeping You Sanctified Morning, Noon and Night!\",\"publisher\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sweetmelodiesfm.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#organization\",\"name\":\"Sweet Melodies FM\",\"url\":\"https:\/\/www.sweetmelodiesfm.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2021\/10\/Sweet-Melodies-FM-Logo.jpg\",\"contentUrl\":\"https:\/\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2021\/10\/Sweet-Melodies-FM-Logo.jpg\",\"width\":2100,\"height\":1500,\"caption\":\"Sweet Melodies FM\"},\"image\":{\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SweetMelodiesFM\/\",\"https:\/\/x.com\/SweetMelodiesFM\",\"https:\/\/www.instagram.com\/sweetmelodies94.3fm\/\",\"https:\/\/www.linkedin.com\/company\/sweet-melodies-94-3-fm-ltd\/\",\"https:\/\/www.youtube.com\/channel\/UCJpnUL4f4oL375q3YPTsyBA?view_as=subscriber\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/person\/3ef38eb5e51cb0eafc7fd7bacdcc8a8f\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/33c72f0b07641386181ab735b375a4a3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/33c72f0b07641386181ab735b375a4a3?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\/\/www.sweetmelodiesfm.com\/author\/editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ukraine war will cause greatest price shock in 50 years - World Bank - Sweet Melodies FM","description":"Sweet Melodies FM Ukraine war will cause greatest price shock in 50 years - World Bank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/","og_locale":"en_US","og_type":"article","og_title":"Ukraine war will cause greatest price shock in 50 years - World Bank - Sweet Melodies FM","og_description":"Sweet Melodies FM Ukraine war will cause greatest price shock in 50 years - World Bank News","og_url":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/","og_site_name":"Sweet Melodies FM","article_publisher":"https:\/\/www.facebook.com\/SweetMelodiesFM\/","article_published_time":"2022-04-27T13:22:47+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_creator":"@SweetMelodiesFM","twitter_site":"@SweetMelodiesFM","twitter_misc":{"Written by":"Editor","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#article","isPartOf":{"@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/"},"author":{"name":"Editor","@id":"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/person\/3ef38eb5e51cb0eafc7fd7bacdcc8a8f"},"headline":"Ukraine war will cause greatest price shock in 50 years &#8211; World Bank","datePublished":"2022-04-27T13:22:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/"},"wordCount":878,"commentCount":0,"publisher":{"@id":"https:\/\/www.sweetmelodiesfm.com\/#organization"},"image":{"@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1","keywords":["Global economy","Global Trade","Inflation","Russia","Russia-Ukraine war","World","World Bank"],"articleSection":["News","World"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/","url":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/","name":"Ukraine war will cause greatest price shock in 50 years - World Bank - Sweet Melodies FM","isPartOf":{"@id":"https:\/\/www.sweetmelodiesfm.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage"},"image":{"@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1","datePublished":"2022-04-27T13:22:47+00:00","description":"Sweet Melodies FM Ukraine war will cause greatest price shock in 50 years - World Bank News","breadcrumb":{"@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#primaryimage","url":"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2022\/04\/thumbs_b_c_f31a5bd1e29ddf24d723b4c3fe922592.jpg?fit=864%2C486&ssl=1","width":864,"height":486,"caption":"IMAGE COPYRIGHT \/ AFP\/ World Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.sweetmelodiesfm.com\/ukraine-war-will-cause-greatest-price-shock-in-50-years-world-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sweetmelodiesfm.com\/"},{"@type":"ListItem","position":2,"name":"Global economy","item":"https:\/\/www.sweetmelodiesfm.com\/tag\/global-economy\/"},{"@type":"ListItem","position":3,"name":"Ukraine war will cause greatest price shock in 50 years &#8211; World Bank"}]},{"@type":"WebSite","@id":"https:\/\/www.sweetmelodiesfm.com\/#website","url":"https:\/\/www.sweetmelodiesfm.com\/","name":"Sweet Melodies FM","description":"Keeping You Sanctified Morning, Noon and Night!","publisher":{"@id":"https:\/\/www.sweetmelodiesfm.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sweetmelodiesfm.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.sweetmelodiesfm.com\/#organization","name":"Sweet Melodies FM","url":"https:\/\/www.sweetmelodiesfm.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2021\/10\/Sweet-Melodies-FM-Logo.jpg","contentUrl":"https:\/\/www.sweetmelodiesfm.com\/wp-content\/uploads\/2021\/10\/Sweet-Melodies-FM-Logo.jpg","width":2100,"height":1500,"caption":"Sweet Melodies FM"},"image":{"@id":"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SweetMelodiesFM\/","https:\/\/x.com\/SweetMelodiesFM","https:\/\/www.instagram.com\/sweetmelodies94.3fm\/","https:\/\/www.linkedin.com\/company\/sweet-melodies-94-3-fm-ltd\/","https:\/\/www.youtube.com\/channel\/UCJpnUL4f4oL375q3YPTsyBA?view_as=subscriber"]},{"@type":"Person","@id":"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/person\/3ef38eb5e51cb0eafc7fd7bacdcc8a8f","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sweetmelodiesfm.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/33c72f0b07641386181ab735b375a4a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/33c72f0b07641386181ab735b375a4a3?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.sweetmelodiesfm.com\/author\/editor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/posts\/76701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/comments?post=76701"}],"version-history":[{"count":1,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/posts\/76701\/revisions"}],"predecessor-version":[{"id":76703,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/posts\/76701\/revisions\/76703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/media\/76702"}],"wp:attachment":[{"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/media?parent=76701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/categories?post=76701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sweetmelodiesfm.com\/wp-json\/wp\/v2\/tags?post=76701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}