Is Putin’s war driving up commodity prices? ...Qatar

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Is Putin’s war driving up commodity prices?
source : Gulf Times ( Qatar ) () 5
• Understanding why prices are high is essential to devise the right policy response Sky-high commodity prices have the world reeling. Inflation has reached 7% in both the United States and in Europe – a level unseen for decades – with European consumers facing losses of purchasing power equivalent to those caused by the oil shocks of the 1970s. The economic recovery from the pandemic is now at risk of stalling, and the spectre of stagflation looms over developed countries from the European Union to Japan. One might assume that Russian President Vladimir Putin’s war in Ukraine is the primary cause of spiking energy and commodity prices. Russia is, after all, the world’s largest exporter of

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