Energy
Global Gas Price Surge Threatens to Dent the Economic Recovery
- Prices of everything from electricity to sugar are set to rise
- Economists warn it’s another risk factor for lasting inflation
Photographer: Toshfumi Kitamura/AFP/Getty Images
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Natural gas prices are undergoing a historic surge, and it’s bad news for everyone from ceramic makers in China to customers of patisseries in Paris.
The cost of the fuel is already at record seasonal highs in most major markets and looks likely to rise further, threatening to dent the recovery from the Covid-19 pandemic.