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Surging Prices Threaten Governments Everywhere

A food market in Accra, Ghana.

A food market in Accra, Ghana.

Photographer: Nipah Denis/Bloomberg

Soaring food and fuel prices are starting to rattle governments around the world, showing the widespread political consequences of Russian President Vladimir Putin’s invasion of Ukraine. 

Inflation has buffeted leaders since the worst of the Covid-19 pandemic showed signs of easing. Now it’s rampant, and the pressures are in many cases becoming intolerable.