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The western world is not the only one affected by inflation. African countries in the throes of hunger also suffer from the economic situation with food that can cost up to 143% more expensive as in Sudan. The NGO World Vision has calculated that a Somali now needs two weeks of work to feed himself when for an American one hour and twenty minutes is enough…
7 million Somalis suffer from hunger
This is the major concern of French consumers: inflation. The rise in prices of everyday products and services started in the summer of 2021. Note: the war in Ukraine is not the trigger for inflation.
Between July 2021 and July 2022, prices inflated from 1.5% up to 6.8%. If the situation in France remains measured, being below the average for the euro zone (9.1% in August 2022), inflation was assessed last August at more than 25% in Estonia, at 13% in the Netherlands, but also at 9% in the United States.
You will notice that we are only talking about the Western world here. However, this economic situation does not concern only the developed countries. In a report published on October 13, the NGO World Vision which accompanies the United Nations nutrition program indicates that prices have also increased in Angola, by around 33% and even by + 42% in Ethiopia or worse by + 143% in Sudan.
Inflation is partly explained by the higher costs of imported products, but also by global warming which generates lower harvests, and therefore higher prices. Somalia, for example, has experienced the worst flooding in forty years. These wiped out the livestock which represents a source of income for the families. Now seven million Somalis suffer from hunger.
A comparative study carried out on many foods
Globally, World Vision has estimated that inflation has generated a 25% increase in the number of people struggling with hunger since the start of the year. To better understand the situation, the NGO put together a basket of basic food products, which included: milk, eggs, rice, sugar, bananas, oil, chicken and ears of corn. maize, to estimate the working time needed to buy these foodstuffs.
Prices were recorded in 37 countries around the world, including the United States, Afghanistan, Syria, Sudan, but also Somalia and the Solomon Islands. Then they were compared to the gross national income per capita, before being divided by the number of working days and calculating the daily wage. Results: a Somali has to work for two weeks to buy these basic foodstuffs when an American only needs one hour and twelve minutes.