European countries are gradually releasing preliminary consumer price indices. The effects of rising spending are impacting the entire EU, with the poorest people in rich countries being hit hardest.
The future of Europe is being decided in Ukraine right now. The economic implications of the Russian invasion become a defining factor as far as globalization goes. I’ve thoroughly analyzed it and share the most valuable bits with you.
The Food and Agriculture Organization (FAO) released stunning data. The FAO Food Price Index (FFPI) averaged 159.3 points in March, up 17.9 points (+12.6%) from February, making a giant leap to a new highest level since its inception in 1990. So far, the latest increase shows new all-time highs for vegetable oils, grains, and meat sub-indices, while those of sugar and dairy products rose significantly as well.