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"Humanity is moving towards suicide all at once." Mr. Antonio
Guterres, the Secretary General of the United Nations, said this. He was
speaking in reference to the gross neglect of fossil fuel-based industrial
civilizations and consumerist countries in preventing climate catastrophe.
Inflation is now the world's biggest headache. Even if
people's income is not increasing, the expenditure is increasing. As a result,
a kind of stagnation has been created around the world.
Food inflation has the highest impact on inflation. Because food expenses of low-income people are more than other expenses. According to a
report from the World Bank, the food inflation rate is more than 10 percent in
many countries of the world. Even people in developed countries are struggling
due to high food prices.
According to the World Bank's updated report on food
security, food price inflation in the third quarter of this year, i.e.
July-September, was the highest in the African country of Zimbabwe - 68
percent. Then in Lebanon, Iran, and Hungary, it was 36, 32, and 15 percent
respectively. On the other hand, food price inflation in the developed country
United Kingdom was 11.6 percent in October. The news that the people there
cannot bear the high price of food has been published in the media of that
country for a long time.
According to the World Bank report, food price inflation was higher in almost all the low and lower-middle-income countries of the world from June-September. 84 percent of low-income, 89 percent of lower middle-income, and 93 percent of upper-middle-income countries have average food inflation above 5 percent. In many countries, it exceeds 10 percent. In addition, 87 percent of high-income countries have high food inflation.
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