Source link : https://news7.asia/food/soaring-food-prices-sweep-across-the-caucasus-and-central-asia-in-2024/
Food prices continued their steady climb across the Caucasus and Central Asia in early 2024, underscoring persistent inflationary pressures in the region’s food markets, according to a recent World Bank report. The increase poses ongoing challenges for consumers and policymakers alike, as staples become less affordable amid economic uncertainties. This latest data highlights the complex interplay of factors driving up costs and raises concerns about food security for millions in these neighboring territories.
Rising Food Costs Impact Households Across Caucasus and Central Asia
Households across the Caucasus and Central Asia are grappling with persistent inflation in food prices, as highlighted by the latest World Bank report. The steady climb has strained family budgets, particularly impacting low-income groups who dedicate a significant portion of their income to food. Staple items such as bread, vegetables, and dairy products have seen continuous price surges, forcing many consumers to reduce their consumption or switch to less nutritious alternatives.
The report underscores several key challenges exacerbating the situation:
- Supply chain disruptions due to ongoing geopolitical tensions and logistical bottlenecks.
- Climate variability affecting agricultural output and crop yields in the region.
- Currency fluctuations contributing to higher import costs of essential food items.
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Author : Victoria Jones
Publish date : 2025-09-06 06:18:00
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