Wartime inflation strikes the world: when filling up becomes a luxury from Tokyo to Toronto

Germany

1 SOURCE

Single source

Berlin watches rising fuel costs contaminate food prices, awakening the trauma of 2022

Argentina

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Buenos Aires loosens currency controls against the grain of the world, protected by its Vaca Muerta reserves

Australia

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Canberra documents the visible impact of the crisis: Sydneysiders are leaving their cars in the garage

Canada

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Detached financial observers · 3 of 19 countries

Ottawa faces the double shock of imported US inflation and persistent tariffs

China

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Single source

Hong Kong suffers the kerosene crisis with flight reductions at Cathay Pacific and HK Express

South Korea

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Lucid Asian victims · 3 of 19 countries

Seoul freezes its policy rate facing the inflation-growth dilemma imposed by Middle East war

Egypt

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Single source

Global South showing the victims · 3 of 19 countries

Cairo advises savers on currency certificates amid chronic 19% inflation

United States

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Single source

Detached financial observers · 3 of 19 countries

Washington frames the crisis as a market event, between oil spillovers and earnings season

France

incl. 1 state outlet

2 SOURCES

Paris sounds the alarm: three weeks of kerosene for European airports and Gaza suffocating under fuel shortages

India

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Single source

New Delhi reads US inflation at two-year record as a warning for its own Gulf-dependent economy

Italy

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Western political critics · 2 of 19 countries

Rome pronounces the word 'recession' and demands suspension of the European Stability Pact

Japan

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Lucid Asian victims · 3 of 19 countries

Tokyo is trapped between imported inflation and recession risk while the crisis threatens Asian rice production

Nigeria

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Global South showing the victims · 3 of 19 countries

Abuja documents US inflation at 3.3% — a figure that would be a victory in Nigeria

Philippines

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Manila warns that electricity rates are already rising before the oil shock fully hits

Qatar

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Detached financial observers · 3 of 19 countries

Doha documents record US inflation with the detachment of a gas state profiting from the crisis

United Kingdom

2 SOURCES

Western political critics · 2 of 19 countries

London links global inflation directly to Trump and his broken promises, in increasingly anti-Washington framing

Russia

incl. 1 state outlet

2 SOURCES

Global South showing the victims · 3 of 19 countries

Moscow shows Global South victims — Bangladesh and Cuba — to build narrative of American war crushing the vulnerable

Singapore

2 SOURCES

Lucid Asian victims · 3 of 19 countries

Singapore documents daily adaptation: residents sharing bedrooms to save on air conditioning

Ukraine

1 SOURCE

Single source

Kyiv relays European kerosene alert while measuring impact on Europe's capacity to support Ukraine