An analysis by the Center for Global Development predicted that the crisis in Ukraine would push an additional 40 million people around the world into poverty, while simultaneously making life worse for the tens of millions already there. The primary driver is the increased price of food.
“We saw [food prices] peak probably a week ago,” Ian Mitchell, co-director of Development Cooperation in Europe at the Center for Global Development, told VOA. “But it is now settling at this level, which is 50% above where it was six months ago. And I think that will start to feed into people's shopping baskets very soon.”
