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Mar 28, 2022

Bread prices are skyrocketing, which could mean major issues in the Middle East

The war in Ukraine has triggered a spike in the price of wheat, which means higher prices for bread. That may be a slight inconvenience for some countries, but for many others with populations who live in poverty, it could mean disaster. U.S. farmers have yet to reap any benefits of those higher wheat prices as well. Car companies are about to pay a lot more if they miss fuel efficiency targets, as federal regulators are more than doubling penalties.

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Egyptian men work in a bakery at a market in Cairo on March 17, 2022. Russia's invasion of Ukraine has caused wheat prices to soar — necessary for bread, an important food staple in the Middle East.
Egyptian men work in a bakery at a market in Cairo on March 17, 2022. Russia's invasion of Ukraine has caused wheat prices to soar — necessary for bread, an important food staple in the Middle East.
Khaled Desouki/AFP via Getty Images

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Bread prices are skyrocketing, which could mean major issues in the Middle East