“However, Oxfam currently estimates that rising world prices alone will push an additional 65 million people into extreme poverty, some 263 million people in total, equivalent to the combined population of the UK, France, Germany and Spain”, according to the document partially reproduced by the Russian news portal Sputnik.
The report by Oxfam, based in Nairobi, an international confederation made up of 19 non-governmental organizations that carry out humanitarian work in 90 countries, indicates that several governments are forced to reduce public spending to import food, fuel and pay their creditors.
It is observed that the pandemic and rising food prices hit people living in poverty first and foremost.
In rich countries, the cost of food represents 17% of consumer spending, while in sub-Saharan countries it represents 40%, according to the Europa Press news agency.
Besides, Developed countries are those with the highest level of inequality.
In the United States, the poorest 20% of families spend 27% of their income on food, while the richest 20% of households spend only 7% of their income on groceries.
The report highlights that, for the majority of workers around the world, real wages continue to show no increase, or are even falling.
“The epidemic devastated the public coffers of all governments, but the economic challenges facing developing countries are more serious, because they were denied equal access to vaccines, and they are now forced to resort to austerity measures” , highlight the authors of the document
Source: Ambito
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