UN: The war in Ukraine causes the largest increase in the cost of living for a generation

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No country will be left untouched by the crisis triggered by rising cost of living, Guterres said. Populations around the world will face the risk of hunger, while energy costs are rising as incomes for many workers shrink, he continued.

Russia’s invasion of Ukraine in combination with other global crises has led to the largest increase in the cost of living for a generation, the Secretary-General of the United Nations stressed on Wednesday.

According to Antonio Guterres, the world is facing a “new reality” three months after the war broke out, which is exacerbating the impact of other global crises: this climate, this new coronavirus pandemic and this inequality.

About 1.6 billion people in 94 countries are exposed to at least one of the dimensions of the crisis, according to the latest bulletin from the UN Global Crisis Response Group on the conflict in Ukraine.

“For people around the world, war, along with other crises, threatens to cause an unprecedented wave of famine, displacement, social and economic chaos,” Guterres told a news conference in New York.

No country will be left untouched by the crisis triggered by rising living costs, he said. Populations around the world will face the risk of hunger, while energy costs are rising as incomes for many workers shrink, he continued.

The number of people experiencing severe food insecurity has doubled in the last two years, he recalled.

“The current food security crisis is in real danger of turning into a ‘global catastrophe in 2023,'” Guterres told a news conference.

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