Global commodity prices near six-year lows, easing inflation and cost pressures

Worldwide raw material and food-commodity prices are falling toward their lowest levels in six years, according to a major multilateral report. Food prices are expected to decline about 6.1% in 2025 and 0.3% in 2026. Industrial-metal and energy prices are also weak amid oversupply and lower demand. The commodity slide is alleviating inflation pressures across many economies and giving policymakers more flexibility. However, some items such as beef and cocoa remain elevated amid supply constraints and structural changes.