War in Ukraine at 1 year: Pain, resilience in global economy

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War in Ukraine at 1 year: Pain, resilience in global economy
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After Russia's war in Ukraine raised food costs worldwide, some small businesses say they can't pass along higher costs to customers. In Indonesia, a food stall owner has to stretch rice farther because charging more would drive people away.

, major global suppliers for Africa, the Middle East and parts of Asia where many struggle with food insecurity. Russia also was the top supplier of fertilizer.In Egypt, the world’s No. 1 wheat importer, Rabie took a second job at a private clinic in July but still struggles to keep up withRabie said she cooks meat once a month and has resorted to cheaper byproducts to ensure her children get protein. But even those are becoming harder to find.

At least 40% of bakeries in the Nigerian capital of Abuja shut down after the price of flour jumped about 200%.“The ones still in the business are doing so at breaking point with no profits,” said Mansur Umar, chairman of the bakers’ association. “A lot of people have stopped eating bread. They have gone for alternatives because of the cost.

Inflation-whipped consumers began to balk at paying $22,500 for a 10-by-16-foot louvered pergola — kind of a gazebo without walls — that was sold through dealers. Sales sank last year. So Elmore pivoted to do-it-yourself models, selling directly to shoppers at a sharply reduced price of $12,580.

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