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⚡ Markets: Rising fuel and food costs are key drivers of headline inflation, putting pressure on consumers and businesses. This complicates central bank efforts to control inflation without triggering a recession.DieselWheatRiceCorn
Global food prices have reached a four-year high, and US diesel prices hit a new record, driven by a combination of factors. The US-Iran conflict is disrupting fuel supply chains, while droughts and an intensifying El Niño phenomenon are damaging crop yields and pushing up agricultural commodity prices.
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