As the economic misery in Myanmar continues, more and more commodities are becoming scarce.&nbsp;

Following a military coup last year, the economy of the nation plummeted, and the junta's attempts to grab foreign exchange as well as inconsistent business and import regulations have only made matters worse, reports AFP.

Things have been made&nbsp;worse as a result of the rise in global commodity prices brought on by Russia's invasion of Ukraine, leaving many people struggling to make ends meet and turning to subsidies or charity to put food on the table.

Also read | <a href="https://www.wionews.com/south-asia/myanmar-junta-says-military-open-to-negotiations-with-ousted-leader-aung-san-suu-kyi-508438">Myanmar junta says open to negotiations with ousted leader Aung San Suu Kyi after her trial</a>

According to the World Bank, approximately 40 per cent of the population was living below the national poverty level in July. Inflation measured by the consumer price index reached 17.3 per cent in March.

Khin Khin Than, a 55-year-old housewife, told AFP that "people can't spend much of their income on food because of higher commodity prices" as she waited in line to fill her plastic bottle with one of the many commodities in short supply: oil while being drenched in the monsoon rain. According to her, the market price for around 1.6 kg of oil has soared from 5,000 kyats to 9,000 kyats ($4.25).

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/united-nations-myanmar-envoy-begins-talks-with-junta-chief-507810">United Nations Myanmar envoy begins talks with junta chief</a>

State media reported last week that the price of a litre of diesel increased by about six US cents overnight, reaching a high of 2,440 kyats ($1.15) per litre.

The price of rice has also skyrocketed due to rising transit costs as well as the military and anti-junta fighters turning large portions of the nation into battlefields.

(With inputs from agencies)

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As the economic misery in Myanmar continues, more and more commodities are becoming scarce. Following a military coup last year, the economy of the nation plummeted, and the junta's attempts to grab foreign exchange as well as inconsistent business and import regulations have only made matters worse, reports AFP.

As the economic misery in Myanmar continues, more and more commodities are becoming scarce. Following a military coup last year, the economy of the nation plummeted, and the junta's attempts to grab foreign exchange as well as inconsistent business and import regulations have only made matters worse, reports AFP. Things have been made worse as a result of the rise in global commodity prices brought on by Russia's invasion of Ukraine, leaving many people struggling to make ends meet and turning to subsidies or charity to put food on the table. Also read | Myanmar junta says open to negotiations with ousted leader Aung San Suu Kyi after her trial According to the World Bank, approximately 40 per cent of the population was living below the national poverty level in July. Inflation measured by the consumer price index reached 17.3 per cent in March. Khin Khin Than, a 55-year-old housewife, told AFP that "people can't spend much of their income on food because of higher commodity prices" as she waited in line to fill her plastic bottle with one of the many commodities in short supply: oil while being drenched in the monsoon rain. According to her, the market price for around 1.6 kg of oil has soared from 5,000 kyats to 9,000 kyats ($4.25). Also read | United Nations Myanmar envoy begins talks with junta chief State media reported last week that the price of a litre of diesel increased by about six US cents overnight, reaching a high of 2,440 kyats ($1.15) per litre. The price of rice has also skyrocketed due to rising transit costs as well as the military and anti-junta fighters turning large portions of the nation into battlefields. (With inputs from agencies) Watch WION LIVE HERE: You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

People in Myanmar forced to rely on charity due to rising costs and scarcity

Inflation has hit New York's beloved breakfast sandwich. The Bodega has become costlier amid rising inflation in the United States.

US: Inflation hits NY's beloved breakfast sandwich as the Bodega gets costlier

US Fed chairman Jerome Powell has warned of the risk of a recession but said inflation is a global issue, not unique to United States. Meanwhile, gas and food prices are increasing in US .

US Fed chair Jerome Powell says recession a possibility

In the United States, the costs of gas, and other necessities jumped in May, raising inflation to a new 40-year high. Lower-income households are facing the burnt as May inflation rate stood at 8.6%. Watch this ground report!

US inflation hits new 40-year high, no respite from rising costs

Coronavirus pandemic has changed the world to a great extent. Now, it seems the issues brought in due to the crisis seems to have been threatening the New York’s famed $1 street pizza in the US. &nbsp;

The rising costs of the rent, cheese, oil, wheat and meat coupled with scarcity of pizza boxes and spotty deliveries have forced the owners of eateries to consider hiking the price of the offering.

Also Read:&nbsp;<a href="https://www.wionews.com/world/on-christmas-50-vehicles-pile-up-in-major-crash-at-snowy-us-stretch-say-reports-440111" hreflang="en">On Christmas, 50 vehicles pile-up in major crash at snowy US stretch, say reports</a>&nbsp;&nbsp;

In the city, there are around 1,700 pizzerias. &nbsp;&nbsp;

The existence of the $1 street pizza outlets has always been dependent on fast and high-volume trade. But it is being threatened due to the pandemic. &nbsp;

It seems to be a cause of concern for many New Yorkers, who earn low-income in the costly city. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/santa-clauss-house-in-north-pole-goes-under-hammer-gets-listed-for-1-million-440134" hreflang="en">Santa Claus's 'house' in North Pole goes under hammer, gets listed for $1 million</a>

Abdul Muhammad, owner, 99 Cent Fresh Pizza, which is an eight-location chain in Manhattan, said for the first time since opening in 2001, he may have to raise the price of the slice if costs continue to increase. “I have to think about it because my customers, many of them unemployed and struggling to make rent, can’t afford to pay more,” Muhammad added. &nbsp;

“People in New York love dollar-slice pizza because they’re everywhere around the city and they’re open late. Whenever you need to grab a bite, and don’t know what to have, you can have a slice and you’re good to go,” said NYU data science graduate Bishank Gaglani. &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

Coronavirus pandemic has changed the world to a great extent. Now, it seems the issues brought in due to the crisis seems to have been threatening the New York’s famed $1 street pizza in the US.

Coronavirus pandemic has changed the world to a great extent. Now, it seems the issues brought in due to the crisis seems to have been threatening the New York’s famed $1 street pizza in the US. The rising costs of the rent, cheese, oil, wheat and meat coupled with scarcity of pizza boxes and spotty deliveries have forced the owners of eateries to consider hiking the price of the offering. Also Read: On Christmas, 50 vehicles pile-up in major crash at snowy US stretch, say reports In the city, there are around 1,700 pizzerias. The existence of the $1 street pizza outlets has always been dependent on fast and high-volume trade. But it is being threatened due to the pandemic. It seems to be a cause of concern for many New Yorkers, who earn low-income in the costly city. Also Read: Santa Claus's 'house' in North Pole goes under hammer, gets listed for $1 million Abdul Muhammad, owner, 99 Cent Fresh Pizza, which is an eight-location chain in Manhattan, said for the first time since opening in 2001, he may have to raise the price of the slice if costs continue to increase. “I have to think about it because my customers, many of them unemployed and struggling to make rent, can’t afford to pay more,” Muhammad added. “People in New York love dollar-slice pizza because they’re everywhere around the city and they’re open late. Whenever you need to grab a bite, and don’t know what to have, you can have a slice and you’re good to go,” said NYU data science graduate Bishank Gaglani. (With inputs from agencies)

Rising costs may slide New York’s famed $1 street pizza off table in US

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