What type of inflationary pressure ukraine war creates in the world
The invasion of Ukraine by Russia in early 2022 sent shockwaves through the global economy, significantly amplifying inflationary pressures that were already present due to post-pandemic recovery . The primary drivers of this inflation can be attributed to a series of interconnected factors stemming from the war, including sharp increases in commodity prices , widespread supply chain disruptions , and heightened geopolitical uncertainty . These elements combined to create a perfect storm, pushing the cost of living higher for millions of people around the world. One of the most immediate and impactful inflationary pressures arose from the dramatic surge in energy prices . Russia is a major global supplier of natural gas , crude oil , and coal, particularly to Europe. The war and subsequent sanctions imposed on Russia disrupted these crucial supply lines, leading to an immediate spike in prices. The sheer anticipation of shortages, especially in natural gas, further fueled mark...