"It got worse everywhere": experts told how the war of the Russian Federation with Ukraine influenced life in the world

Eiu experts have said that there is a record increase in inflation in the world. In 2023 it is possible to improve the situation if the wars of Ukraine with the Russian Federation does not "intensify". As a result of Russia's war against Ukraine, the List of the most expensive cities for life from Economist Intelligence Unit (EIU) has changed greatly compared to 2021. About it writes The Washington Post.

The newspaper writes that in connection with the war, which was started by Russian President Vladimir Putin, Moscow has suffered the highest jumps in the rating among all the cities included. Yes, Moscow moved from 72nd to 37th. On the other hand, many cities in Western Europe have become less expensive due to the weakening of currency and economy, even when gas and electricity prices have increased sharply. It is reported that New York and Singapore are recognized as the most expensive cities.

In third place is Tel Aviv, and the fourth place is divided by Los Angeles and Hong Kong. According to journalists, economists partially associate a global crisis with war in Ukraine, as well as with restrictions continuing through Covid-19 in China, other consequences of pandemic. In addition, the causes also refer to problems with supply chains, climate change and the effects of intensifying inflation.

The leader of the study of Upasan DATT stated that the war in Ukraine is one of two key factors, along with the pandemic. "What we notice is obstacles in the supply chain, and it happened only because of the war," she said. According to DATT, as a pandemic restrictions weakened, the demand for growing goods has encountered constant blocks in the supply chain, which led to a high level of inflation.

Western sanctions imposed against Russia were exacerbated by the impact of supply of goods everywhere. The publication writes that the report has documented this impact on other European cities, where attempts to reduce dependence on Russian energy have led to 29 percent increase in gas and electricity prices. According to EIU, utility bills have increased by an average of 11% around the world, and car prices increased by an average of 9. 5% in local currency.

The report expects some relief in 2023, if prices for raw materials "sharply fall", provided that the war in Ukraine does not intensify. The rating is made annually by the London unit of Economist Intelligence Unit (The Analytical Unit of The Economist Group of the media company. In 2022, the cost of living in 172 cities is compared, prices for more than 200 goods and services, including rent, utilities, home goods and products, are analyzed. The rating has recorded an 8.

1 percent increase in inflation worldwide in the last year. This is the highest indicator since EIU began research almost two decades ago. Earlier, Focus wrote that Poland approved a new price for Russian oil installed by the EU. Earlier, the country blocked the solution, demanding to set a "ceiling" price at $ 30 per barrel, but eventually agreed to the price of $ 60. It was also reported that the state budget deficit was calculated in Ukraine.