OECD: Recent rises in energy and some agricultural product prices are increasing costs

智通财经2026/09/23 08:26

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OECD: Recently, energy prices have risen again as the production and exports of Gulf economies have faced increasing disruptions. Refining profit margins, which remain high due to production bottlenecks, have further driven up consumer prices and business costs. Prices of some agricultural products have also increased significantly in recent months, partly due to the impact of extreme weather on supply.

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The Seoul Composite Index in South Korea rose 0.49%, paring some of its early morning gains. Brent crude fell 1.2% to around $94 per barrel, facing its longest losing streak in nearly a year. The decline in oil prices has eased market concerns over inflation, which had previously been driven up by yields reaching multi-decade highs, putting pressure on the bond market. Both Australian and New Zealand 10-year government bond yields dropped by at least 3 basis points, while US Treasury futures climbed in tandem.

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