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The impact of inflation on India’s poor would be negligible as per a United Nations Development Programme report on ‘Addressing the Cost of Living Crisis in Developing Countries’, which also looked at the ripple effects of the Russia-Ukraine war such as energy and food market disruptions. Finance Minister Nirmala Sitharaman cited the UNDP’s conclusions in the report to emphasise that …

Inflation pushed 71M people into poverty since Ukraine war

DUBAI, United Arab Emirates — A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia’s invasion of Ukraine, the United Nations Development Program said in a report Thursday. The UNDP estimates that 51.6 million more people fell into poverty in the first …

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Inflation pushed 71 million people into poverty since Ukraine war

A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia's invasion of Ukraine, the United Nations Development Programme said in a report on July 7. The UNDP noted that 125 million people experienced poverty over about 18 months during the pandemic's lockdowns …

Inflation plunged 71 million into poverty since Ukraine war

Some 71 million people worldwide are experiencing poverty due to soaring food and energy prices driven by Russia’s invasion of Ukraine, the United Nations Development Programme has warned in a new report. The UNDP noted that 125 million people experienced poverty over about 18 months during the pandemic’s lockdowns and closures, compared with more than 71 million in just three …