Russia-Ukraine war is skyrocketing inflation around the world. Not only the poor and developing countries of Asia and Africa but also the people of the developed countries of Europe are suffering from this problem.

The world has been battling a global pandemic like Corona for the past two years and is returning to economic stability after suffering the worst economic crisis since the lockdown, with the Russia-Ukraine war having doubled earlier this year. Rising global inflation has increased the risk of malnutrition on the planet.

The negative effects of the Russia-Ukraine war have shaken the world economy, affecting not only the poorest countries in Asia or Africa, but also the European countries, such as the bankrupt Sri Lanka. It has also been hit hard, with commodity prices hitting a 10-year high and the plight of the people there. They are content to buy only the essentials.

Following the sharp rise in inflation, prices in the food markets and in the oil, as well as in the automotive and construction sectors, are now rising sharply, and it is now expected that the 27-member European Union will join this year. Overall, inflation will be more than 7%.

Fishermen and farmers in various European countries have increased their production in the face of rising inflation, while a sharp rise in petrol prices has also reduced the movement of freight trains and freight trucks.

Rising food prices have also made various types of bread more expensive for everyday use, and bread is being sold at higher prices, especially in grocery stores from Poland to Belgium.

In Poland, on the other hand, food prices have risen by 150%, prompting some European governments to cut taxes as well as help the general public.