El Universal published an article that states that since the beginning of the conflict, the price of oil has gone above 100 dollars a barrel; the price of gas, especially in Europe, soared, as well as that of wheat, corn, and barley, of which Ukraine is a major producer. According to figures from IFPRI (see the blog post, How will Russia’s invasion of Ukraine affect global food security?), it participates with 15.3 percent of world production of corn, 10 percent of wheat, and 12.6 percent of barley. This raised fears that a rise in world inflation would be the immediate consequence.
