A rise in crop prices is giving a painful boost to food costs as wheat exports from Ukraine are impacted by the Russian invasion. Kay Hope, credit research analyst at Bank of America, offers insight on how food inflation is impacting global markets on "Bloomberg Surveillance Early Edition."
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Russian Sanctions
The Russian economy has been impacted by a raft of global sanctions as world leaders try to pressure Vladimir Putin to end the war in Ukraine.
Global Inflation Concerns
Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.