What the cost-of-living crisis looks like around the world
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While the global economy is predicted to have a ‘soft landing’, countries like Sudan are facing a cost-of-living catastrophe.
The ‘cost-of-living crisis’ is now a familiar phrase as prices of everyday goods have increased dramatically in recent years. In the UK, prices remain high while consumer prices have been increasing around the world, too, with average global inflation at 6.8% in 2023. This means that food, energy bills, and rent are still getting more expensive for everyone.
But while the global economy is forecast for a ‘soft landing’ in 2024, countries where the International Rescue Committee (IRC) works, like Sudan, are facing a cost-of-living catastrophe on a whole different scale.
A year since conflict began in Sudan, the economy is on the brink of collapse, and spiralling prices for food and basic necessities are further contributing to the world’s worst humanitarian crisis.
Sudan’s cost-of-living catastrophe
Sudan is currently at the top of the IRC’s Emergency Watchli...
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