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Ukraine is pushing up prices of commodities including food, cotton and energy, the World Bank says.
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You heard it here first - the World Bank is predicting that the war in Ukraine will represent the biggest global price shock since the OPCE oil price shock of 1973-74. And that's without Russia cutting off gas to Poland and Bulgaria.
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Food prices, and other commodity prices are expected to rise and poverty levels across the world are going to rise.