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much as 6% next year. This could force central banks to increase interest rates to slow the pace of price rises. IMF chief economist Pierre-Olivier Gourinchas told the BBC a prolonged conflict would lead
prices have risen more than 30%, while combined fuel and fertiliser costs have increased roughly 20% to 40%.” Ninety-four percent of farmers said their financial situation has worsened or remained the same since last
much as 5% on Monday to $95.50 (£70.75) a barrel. European stock markets dropped, with the UK’s blue-chip FTSE 100 index down 0.5%. The French Cac 40 and the German Dax both fell
price increases, fertiliser shortages and stock market volatility – the effects have been felt faster than in most previous conflicts. Why? There are few clear answers — but analysts say several factors might help explain why this