HomeWorldGalloping inflation: 'Lives will be lost' if governments fail to act

Galloping inflation: ‘Lives will be lost’ if governments fail to act

Governments must adapt social benefits and wages to runaway global inflation, otherwise “lives will be lost,” UN Rapporteur Olivier De Schutter warned Monday on the occasion of the International Day for the Eradication of Poverty.

“Household budgets around the world are being stretched to the limit, meaning the poorest will go hungry or freeze this winter unless immediate action is taken to increase their income,” said De Schutter, Special Rapporteur on poverty. and human rights, in a declaration.

The speaker, who will speak this Monday at the Council of Europe in Strasbourg (France), has highlighted that the rise in the prices of basic products, together with the crisis already caused by the covid-19 pandemic, could leave between 75 and 95 million million people in poverty this year.

Olivier De Schutter also highlighted the urgency of improving the thermal insulation of homes in the face of the coming winter in the northern hemisphere, where there could be a great shortage of gas as an indirect consequence of the war in Ukraine.

The International Day for the Eradication of Poverty, celebrated today (October 17), was officially established by the United Nations in 1992.

Source: TSF

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