The situation in Ukraine has accelerated inflation in Europe and the world, prices for energy resources, materials and food are rising at an unprecedented rate for decades, Writer Associated press.
“Customers are shocked by price tags at grocery stores and gas stations. Electricity bills have also reached record levels.
The main reason for the increase in prices is the increase in oil and gas prices. In 2022, inflation will reach 7% in 27 European countries.
Shopkeepers in countries ranging from Warsaw to Istanbul say consumers try to cut back on their shopping by throwing out small items like fresh cut flowers. In addition, people themselves refuse to buy new clothes.
“I have to tighten my belt. Eva Fuksova, a mother of three, who lives in the town of Mesto-Toushkov in the western Czech Republic, complained to ABC News.
This week, Russian vice president Maxim Oreshkin declarationthat inflation in the country will not exceed 15% until the end of the current year.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.