• UK inflation hits 40-year high

    The UK’s Office for National Statistics (ONS) said the 9% rise in the consumer price index is the highest since records began in 1989, surpassing the 8.4% annual rise in March 1992. The office estimates that inflation would have been higher sometime around 1982.

  • Record high wheat prices after India declares immediate export ban, massive protests after 300% food price increase announced in Iran

    Wheat prices in Europe and Australia hit record highs this week after India – the world’s second-largest wheat producer – announced an immediate export ban due to a severe heatwave affecting the country since March. Global wheat prices have soared 40% since February 2022, increasing famine and sparking social unrest.

  • Iraq hit by 8th large dust storm since mid-April

    A large dust storm swept over parts of Iraq on May 16, 2022, grounding flights at Baghdad Airport and closing some schools, businesses and government offices. This is the 8th strong dust storm to hit the country since mid-April.