Surging food and energy prices drive inflation to new heights
With Brent at more than $US100 per barrel, high oil prices may persist for some time
Prices up nearly 29% year-over-year for edible fats and oils; air transport up 6.4% month-over-month
Recession fears and geopolitical tensions among the factors that could drag down the price of crude
EU's new curbs on Russian oil to dent global supply
The decision increases the pace of restoring cuts made during the pandemic
Countries in the Middle East and Africa face unrest amid rising food, energy costs
The cautious approach will exasperate a global energy crunch
RBC says government may have to accept short-term rise in oil production
The war in Ukraine has led to the largest commodity shock since the 1970s