PeruвЂ™s government imposed a brief curfew after protests against fuel and food prices turned violent in April. Months earlier, some 10,000 kilometers (6,200 miles) away, truckers in Spain went on strike to protest fuel prices.

Last week, thousands of truckers in South Korea ended an eight-day strike that caused shipment delays as they called for minimum wage guarantees amid soaring fuel prices. Wages have been falling for 30 years and corporate profits have been going through the roof,вЂќ Dempsey said. Meanwhile, striking workers have pressured employers to engage in talks on raising wages to keep up with rising prices.Д®ddie Dempsey, a senior official with BritainвЂ™s Rail, Maritime and Transport Union, which brought UK train services to a near standstill with strikes this week, said there are going to be more demands for pay increases across other sectors. Central banks are trying to ease inflation by raising interest rates. Often, that offers little relief because energy markets are volatile. The demonstrations have caught the attention of governments, which have responded to soaring consumer prices with support measures like expanded subsidies for utility bills and cuts to fuel taxes. вЂњI think we will see more and more protests.вЂќ ItвЂ™s coming off the back of an appalling pandemic that fueled increased inequality worldwide,вЂќ Grainger said. Oxfam is calling on the Group of 7 leading industrialized nations, which are holding their annual summit this weekend in Germany, to provide debt relief to developing economies and to tax corporations on excess profits. вЂњHow many of the richest even know what a loaf of bread costs? They donвЂ™t really, they just absorb the prices.вЂќ вЂњWe are not all in this together,вЂќ said Matt Grainger, head of inequality policy at antipoverty organization Oxfam. Sri LankaвЂ™s prime minister declared an economic collapse Wednesday after weeks of political turmoil.Д®conomists say RussiaвЂ™s war in Ukraine amplified inflation by further pushing up the cost of energy and prices of fertilizer, grains and cooking oils as farmers struggle to grow and export crops in one of the worldвЂ™s key agricultural regions.ДЄs prices rise, inflation threatens to exacerbate inequalities and widen the gap between billions of people struggling to cover their costs and those who are able to keep spending. This week alone saw protests by the political opposition in Pakistan, nurses in Zimbabwe, unionized workers in Belgium, railway workers in Britain, Indigenous people in Ecuador, hundreds of US pilots and some European airline workers.

Inflation is plundering peopleвЂ™s wallets, sparking a wave of protests and workersвЂ™ strikes around the world.

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