Newsweek: “At the global level, there are two main factors: the COVID-19 pandemic, which disrupted supply chains, and the war in Ukraine, which increased the price of certain commodities,” Iasim Goes, assistant professor at the department of Political Science at Colorado State University, explained to WalletHub. “For example, Russia and Ukraine are important grain exporters (particularly wheat). And Russia is among the world’s largest oil and gas producers.

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