How Putin’s war in Ukraine will hit YOU in the pocket: American food costs set to rise as inflation continues to hammer American consumers
Russia’s war on Ukraine is continuing to have a ripple effect through the global economy, with food prices expected to soar next
Russia and Ukraine collectively account for 29% of global wheat exports
Ukraine is also one of the world’s top producers of corn, barley and various cooking oils
The U.S. gets most of its own wheat at home or imports it from Canada, meaning it could be spared from the harsh impact felt by other countries
Meanwhile, U.S. gas prices surged to an average of $4 on Sunday, the highest level since 2008
Experts say that the rising costs of energy will also drive up food prices globally
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https://www.dailymail.co.uk/news/article-10591269/How-Putins…