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ARE HIGH GAS PRICES JUST THE BEGINNING?

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  1. No, inflation started with the COVID lockdowns showing 20 % food increases in 2021 already. 40% increases in fuel.

    Blaming the whole inflation scenario on the Russian invasion is incorrect. It adds fuel to the fire but if the sanctions were not implemented against Russia they were willing to continue trade.

  2. High gas prices might just be the tip of the iceberg in today’s volatile market, signaling deeper economic shifts. In navigating these uncertain waters, businesses can leverage tools like Competitor Price Tracking and monitoring software by Priceva https://priceva.com/, which offers an automated way to track price changes and receive notifications. This not only streamlines managing various metrics through a single interface but also provides comprehensive analytics to uncover market opportunities. Furthermore, its AI-based repricing tool assists in devising optimal strategies, ensuring companies stay competitive and responsive to market dynamics. In essence, such innovations could be crucial for businesses aiming to thrive amidst fluctuating costs and evolving market conditions.

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As gas prices rise, all eyes are now on food prices as the conflict in Ukraine has the potential to shift the balance of global food security. Coming off the back of soaring food inflation after two years of failed COVID lockdowns, Are countries prepared to navigate these new geopolitical waters?