After a sharp decline at the end of 2022 and the beginning of 2023, oil and gas prices rose once again at the start of H2 2023. Prices of non-energy commodities also fell back but followed contrasting trajectories –especially among food commodities– and are still, for the most part, higher than before the health crisis. Overall, although fears of a slowdown in economic activity persist and are affecting prices, markets are also subject to other uncertainties, especially geopolitical and climate tensions, which add to the volatility of some prices...