UNICEF Social Inclusion, Policy and Budgeting

Rising Food and Fuel Prices: Addressing the Risks to Future Generations

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AUTHOR Human Development Network
ORGANIZATION World Bank
TYPE Thematic Report
DATE 2008
TOPIC Economic crisis and recovery
LANGUAGE English
ABSTRACT

While the rises in global food and fuel prices have moderated in recent months, domestic prices remain much higher than previous years and show few signs of abating. Higher prices have pushed many more people into poverty, but the increase in the number of poor is only part of the emerging costs of the crisis. The more profound consequence is the impact of rising prices on households who were already poor. For those already struggling to meet their daily food and nutrient needs, the double shock of food and fuel price rises represents a threat to basic survival. The poorest households are reducing the quantity and/or quality of the food, schooling, and basic services that they consume, leading to irreparable damage to the health and education of millions of children.


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