A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia\u2019s invasion of Ukraine, the United Nations Development Program said in a report Thursday.<\/p>\n\n\n\n
The UNDP estimates that 51.6 million more people fell into poverty in the first three months after the war, living off $1.90 a day or less. This pushed the total number globally at this threshold to 9% of the world\u2019s population. An additional 20 million people slipped to the poverty line of $3.20 a day.<\/p>\n\n\n\n
In low-income countries, families spend 42% of their household incomes on food but as Western nations moved to sanction Russia, the price of fuel and staple food items like wheat, sugar and cooking oil soared. Ukraine\u2019s blocked ports and its inability to export grains to low-income countries further drove up prices, pushing tens of millions quickly into poverty.<\/p>\n\n\n\n
\u201cThe cost of living impact is almost without precedent in a generation\u2026 and that is why it is so serious,\u201d UNDP Administrator Achim Steiner said at the launch of the report.<\/p>\n","protected":false},"excerpt":{"rendered":"
A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia\u2019s invasion of Ukraine, the United Nations Development Program said in a report Thursday. The UNDP estimates that 51.6 million more people fell into poverty in the first …<\/p>\n","protected":false},"author":4,"featured_media":83976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_108372464460192_245495985553329":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17],"tags":[1858,1845],"class_list":["post-83975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","tag-poverty","tag-ukraine"],"yoast_head":"\n