The Russia-Ukraine conflict has ushered the globe into an unprecedented rising cost of living reminiscent of the great recession. The impact of conflict, among other factors, has negatively impacted the purchasing power of many workers.
The day-to-day expenses of basic household items like food, toiletries and other day-to-day expenses like rent, fuel and fees have skyrocketed across the world. A significant number of African countries are feeling the brunt the most, according to Mercer’s 2020 Cost of Living Survey.