Inflation rates are rising around the world ...Middle East

Quartz - Economy

The US, where prices jumped 8.5% on the year in March, is not the only country struggling with inflation.Consumers around the world are paying much higher prices for basics like shelter, food, and gasoline as Russia’s Ukraine invasion further snarls supply chains and cuts off access to oil and food exports. After a pandemic-related wave of higher prices, the conflict is now pushing global inflation past 6%.China and India may need to switch to cheaper cooking oil, whose prices have surged 70% in some cases. In Senegal, Muslims are breaking their Ramadan fast with fish instead of meat, which has become unaffordable for many, and Mexico is trying to coordinate with the US on reducing food pric

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Last updated : 12 April 2022 clock 09:50 PM

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Inflation rates are rising around the world ...Middle East

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