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Home JAPAN RUSSIA NEWS

Risk of civil unrest rising as food inflation adds to pain in emerging markets

by 198 Japan News
May 17, 2022
in JAPAN RUSSIA NEWS
Reading Time: 2 mins read
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Risk of civil unrest rising as food inflation adds to pain in emerging markets
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LONDON/ISTANBUL/CAIRO – Like for millions of people in developing and emerging market countries around the world, shopping for staple foods has turned from a necessity into a luxury for Selcuk Gemici.

The 49-year-old, who works in an auto repair shop in Istanbul and lives with his wife and two children in his father’s house, says fresh produce is often out of reach, with his family living on pasta, bulgur and beans.

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Putin bets on an ancient weapon in Ukraine: time

Ukraine, Russia agree to resume grain exports amid soaring prices

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PHOTO GALLERY (CLICK TO ENLARGE)

  • The Fatih outdoor food market in Istanbul. Global food prices have climbed for two years, fueled by COVID-19 disruptions and weather woes. Supply shocks to grains and oils due to Russia's invasion of Ukraine saw them hit an all-time record in February and again in March. | BLOOMBERG
  • A food market in Istanbul. Emerging market policymakers have to perform a balancing act between taming inflation and keeping fragile growth alive at a time of rising global interest rates. | REUTERS

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