Global commodity prices soar 50%, fastest pace in 27 years

Fears grow inflation could become source of political instability worldwide

20220209 Oil, aluminium and grain

Higher energy prices are feeding through to the cost of other commodities, such as aluminum and grain. (Source photos by AP and Reuters) 

MISA HAMA and KAZUYA HIRUTA, Nikkei staff writers

TOKYO -- Prices for crude oil, metals, grains and other internationally traded commodities are climbing at the fastest rate since 1995, raising fears of political instability in countries highly dependent on imports as seen in Turkey.

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