Global commodity prices are on a 50-year high, and crude oil is rallying like never before. Russian invasion over Ukraine has led to a disruption in global supply mechanisms, and economists have cautioned the global order to prepare for inflationary shocks. According to UK’s National Institute for Social and Economic Research the current crisis can knock off 1$ trillion from the global economy and add 3% to global inflation. Amidst all the buzz about soaring rate of Inflation, The Voices explains the basics idea of inflation and the shades of contemporary discourse around the same. What is Inflation? Inflation, primarily,…
Author: Konika Pant
How long will the elephant be in the room? The magnitude of global inflation is raising this question for the leading producers of crude oil all around the world. Both Brent and WTI Crude have shown huge volatility in the last year within the range of 70-85 $/barrel levels as shown in the chart below. Crude Oil movement in last one year. Data Source: Investing.com Crude oil is an essential raw material for most of the countries. Hence, rising crude oil prices means rising the prices of producing and transporting goods that increases the overall cost of the goods leading…
An agent of change does not have to be loud to be powerful. A pair of hands, a couple of knitting needles and a little ball of bit of yarn is all it took Tom Daley to shake the foundations of gender stereotypes and send ripples all over the world. A week after his top of the podium performance at 2020 Tokyo Summer Olympics, 27 yr old Great Britain diver Tom Daley, was spotted knitting in the stands while watching the women’s 3m springboard diving final. The overwhelming response to the image flooded the internet and in possibly one of the…
COVID-19 has disrupted the world order . A range of restrictions enforced to contain the deadly virus nudged millions around the world to adapt to the new normal which includes work from home, social distancing etc. Changes in dietary patterns are an evident collateral impact of the pandemic. While a few were privileged to be creative and innovative with their diet routines, an overwhelming majority resorted to changes out of compulsions. A World Bank study states that 320 million people lost access to safe food resources in the last year. In this milieu, The Voices conducted an online…