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Impact of the Russia-Ukraine war on inflation worldwide 2022-2023, by region

Published by Statista Research Department, Jul 4, 2022
Due to the Russian invasion of Ukraine, the March 2022 forecast of the global inflation rate in 2022 was increased by nearly three percent compared to projections from February 2022. The impact on prices in Russia was the most significant in 2022, at 3.3 percent compared to the base.

Forecast change in inflation rate due to the Russia-Ukraine war in 2022 and 2023, by global region (compared to the forecast from February 2022)

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Sources

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Release date

March 2022

Region

Worldwide

Survey time period

March 2022

Supplementary notes

* The source specified the following information: "The behavior of the UK inflation is a combination of the UK being a small open economy, with the import prices increase having a larger impact on headline inflation in the short-term, and regulatory assumptions embedded in the baseline."

Figures have been rounded.
All figures are forecast based on NIESR's Global Econometric Model, NiGEM, simulations.

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Statistics on " Russia-Ukraine war "

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Statistics on Russia-Ukraine war

Overview

5

Military capabilities

8

Refugees

7

Foreign aid to Ukraine

6

Sanctions on Russia

4

Economic impact

8

Impact on companies

4

Public opinion

6

Further related statistics

21

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Impact of inflation on consumer behaviorInflation in the United StatesInflation in EuropeU.S. Gen Z & millennials: consumer goods and shopping behaviorFood inflation
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