What are the consequences of a permanent rise in the relative price of commodities?

The COVID crisis (with the shift in demand from services to goods), the war in Ukraine (given Russia’s weight in global commodit y production) and the energy transition (given the ensuing large needs for metals) are likely to cause a permanent rise in the relative price of commodities (energy, metals). What are the consequences? A rise in the price of goods relative to services, which will shift demand back from goods to services; A larger income transfer from commodity-importing countries to commodity-exporting countries; financial difficulties for commodity-importing countries that already have large external deficits; higher income inequality in commodity-importing countries; An acceleration in the development of renewable energies, nuclear energy and the circular economy in order to save on expensive commodities.