As food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world.
As prices rise, inflation threatens to exacerbate inequalities and widen the gap between billions of people struggling to cover their costs and those who are able to keep spending.
The demonstrations have caught the attention of governments, which have responded to soaring consumer prices with support measures like expanded subsidies for utility bills and cuts to fuel taxes. Often, that offers little relief because energy markets are volatile. Central banks are trying to ease inflation by raising interest rates.
Last week, thousands of truckers in South Korea ended an eight-day strike that caused shipment delays as they called for minimum wage guarantees amid soaring fuel prices. Months earlier, some 10,000 kilometers away, truckers in Spain went on strike to protest fuel prices. “How much for my kidney?” is the question most asked of one of Kenya’s largest hospitals. Kenyatta National Hospital reminded people on Facebook this week that selling human organs is illegal.
The protests reflect a sense of growing financial insecurity. Here's how that has played out in Africa: — Hundreds of activists this month protested the rising cost of living in Burkina Faso. The U.N. World Food Program says the price of corn and millet has shot up more than 60% since last year, reaching as high as 122% in some provinces.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Inflation sparks global wave of protests for higher pay, aidAs food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world.
Baca lebih lajut »
Inflation sparks global wave of protests for higher pay, aidInflation is threatening to widen the gap between people struggling to cover their costs and those able to keep spending. That is sending protesters into the streets seeking relief and higher pay that keeps pace with rising prices.
Baca lebih lajut »
US abortion ruling sparks global debate, polarizes activistsNAIROBI, Kenya (AP) — The end of constitutional protections for abortions in the United States on Friday emboldened abortion opponents around the world, while advocates for abortion rights worried it could threaten recent moves toward legalization in their countries.
Baca lebih lajut »
Breakingviews - Lithium landgrab sparks new electric-car riskA scramble for lithium creates new risks for electric-car makers. Breathtaking prices are prompting the industry to find new ways to secure the crucial battery ingredient. But dealmaking under duress makes miscalculations more likely.
Baca lebih lajut »
Poliovirus in London sewage sparks alarm“The main thing countries can do … is to ensure strong disease surveillance and high vaccination coverage, to minimize the risk and consequences of re-emergence.'
Baca lebih lajut »