The Hindu | 13/10/2022 07:48 PM | Click to read full article
If the successive COVID lockdowns weren’t enough, the ongoing Russia-Ukraine conflict has made things worse. From Mexico’s beloved tortillas to the aluminium cans used by beer companies, there has been a severe hit in prices.
The IMF is expecting consumer prices to rise by 8.3 per cent globally this year. The invasion of the world’s third-largest oil producer resulted in a rise in crude oil prices.