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Sairaj Kadam
Entrepreneur • 8m
Ever wondered why prices are rising? Here’s why: the war. Global conflicts, like the Russia-Ukraine war, disrupt supply chains, especially for essential goods like grain, fuel, and steel. This causes shortages, which leads to higher prices. When factories close and shipping routes are blocked, it affects everything from food to construction materials. How does this affect you? The imbalance between high demand and limited supply pushes up prices. Everything from your grocery bill to gas prices can be impacted by these disruptions. And as the cost of production increases for businesses, they pass that on to you in the form of higher prices. Simply put, wars cause a ripple effect that increases the cost of basic goods and services, hitting your wallet hard. Want to stay ahead of price hikes? Follow for more insights on how global events are shaping your finances.
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