Inflation to rise to 6% due to war: World Bank
MIMihaaru – a month ago
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The World Bank has stated that due to the conflict in the Middle East, there is a possibility of prices in the Maldives increasing by 6%. This price hike is expected to disproportionately affect residents of the atolls. The report also forecasts that the price of food items could increase by approximately 10%, potentially leading to a 1.6% rise in poverty in the Maldives.