Nournews: The wave of inflation is spreading across the world at an alarming speed; a wave rooted in the costly and tension-creating decisions of Trump and Netanyahu against Iran. This situation is now directly reflected in rising prices of essential goods in different parts of the world and is placing heavy pressure on people’s livelihoods.
In Japan, gasoline prices have increased by 20% and electricity by 18%. At the same time, transportation costs have risen by around 15% and imported food by 10%. A similar trend is seen in South Korea; gasoline has become 18% more expensive, petrochemical products have surged by 25%, and transportation, semiconductors, and electronic equipment have all seen price increases of about 15% and 10% respectively.
Europe is bearing the heaviest pressure in the energy sector; natural gas has risen by 30%, electricity by 25%, and gasoline by 20%. Food prices in the region have also increased by around 18%. In the United States, the situation is even more concerning; gasoline prices have risen by 38%, domestic flights have experienced an unprecedented 100% surge, and transportation insurance costs have increased by 30%. Food prices in the U.S. have also risen by 10%.
Developing countries have not been spared from this crisis either. In Egypt, fuel has become 35% more expensive, transportation 25%, food 30%, and electricity 20%. In India, fuel has increased by 25%, fertilizers by 30%, airfare by 40%, and food prices have risen by 18%.
These figures clearly show that the reckless and adventurist actions of the United States and Israel against Iran have not led to stability, but rather have drawn the global economy into a widespread crisis. The result of these policies has been increased pressure on ordinary people worldwide and instability in vital markets.
Continuing this trend could lead to chronic inflation and simultaneous recession in major economies.
Deeper disruptions in supply chains will intensify shortages of essential goods in some regions.
If tensions persist, sharper price spikes in energy and food are entirely likely.
Nournews