UN Says Inflation Pushed 71 Million People to Poverty

The United Nations said the war-driven inflation had pushed 71 million people from developing countries into poverty in three months since March.

According to the United Nations Development Programme (UNDP), from the 159 countries it analyzed, regions in the Balkans, countries in the Caspian Sea region, and Sub-Saharan Africa are already experiencing the “devastating impacts” of price hikes in essential commodities.

UNDP said the war in Ukraine had disrupted the energy and food market and the supply chain, leading to a cost-of-living crisis.

“This cost-of-living crisis is tipping millions of people into poverty and even starvation at breathtaking speed and with that, the threat of increased social unrest grows by the day,” said UNDP Administrator Achim Steiner.

UNDP said that policymakers in developing countries face difficult choices in balancing short-term relief for poor and vulnerable households.

Steiner said that the global community could support struggling countries by providing decisive debt relief measures, keeping international supply chains open, and coordinating actions to ensure food and energy supply to marginalized communities.

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