The Economic and Social Research Institute (ESRI) forecasts that oil prices will remain significantly elevated—well above pre-war levels—for the next year. This sustained period of high energy costs is anticipated to broaden its impact beyond the energy sector itself. The ESRI specifically predicts consequences for the food industry, suggesting potential price increases for consumers. The report indicates a ripple effect throughout the economy as higher energy prices affect production and transportation costs. These sustained costs pose a challenge to economic stability and may contribute to inflationary pressures. The ESRI’s analysis provides a pessimistic outlook for near-term relief from high energy prices, warning of continued economic strain.