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It will take the world 230 years to eradicate poverty

It will take the world 230 years to eradicate poverty

But in 2021, the most important year, cumulative inflation reached 10.1%.. Neri explains this contradiction here: Brazil, a major food exporter, benefits from higher prices. But its residents, especially the poorest, end up being punished. The result was growth Food insecurity In the country in 2021.

And when we look to 2022, in Brazil, the extreme poverty rate is declining, despite the impact of the pandemic. But food insecurity will reach 34% in 2022 [segundo pesquisa da FGV Social]. It is true that food prices have risen due to several factors, and food insecurity will peak in 2021, reaching 36%.
Marcelo Neri, Director of FGV Social

The sharp increase in the cost of food and other basic goods that began in 2021 has become a new reality for many families around the world, who are trying to buy oil, bread or flour without knowing how much they can afford, or how much and how hungry they will be. Their children will have to endure the day.

On the other hand, the report indicates that as prices rose, companies in the food, energy and medicine sectors achieved record profits. The report shows that companies were able to increase their profits at the fastest pace since 1955.

High food inflation harms the planet's population, but brings record profits for companies operating in this sector. I highlight the case of Cargill, which in 2021 achieved the highest profit in its history [na ocasiĆ£o]a company that is more than 100 years old. [Houve] Increased profits of oil companies due to the rise in the value of a barrel of oil. This affects the cost of living for the majority of the population.
Jefferson Nascimento, Social and Economic Justice Coordinator at Oxfam

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Rich is richer

While the average income of the population decreased, billionaires became richer. The wealth of the world's five richest men has more than doubled (114%) since 2020, while 60% of humanity has become poorer. Their combined wealth rose from US$405 billion (inflation-adjusted value) to US$869 billion between March 2020 and the end of November 2023 (on average, together they made US$14 million – or R$69 million – richer per hour. ). Find out who they are below: