People in Niger, Chad, and many in the continent have difficulty making ends meet. As a result, many are now turning to their savings or cutting down costs to deal with rising inflation.
Chad declared a food emergency due to a lack of grain supplies. It urged the international community to help its population cope with rising food insecurity. Cereal prices across Africa surged because of the slump in exports from Ukraine — a consequence of the war in Ukraine and a raft of international sanctions on Russia which have disrupted supplies of fertilizer, wheat and other commodities.
The UN Office for the Coordination of Humanitarian Action (OCHA) recently warned that one-third of Chad — about 5.5 million people — urgently needs humanitarian assistance. The UN's Food and Agriculture Organization (FAO) reported that international wheat prices had risen for a fourth consecutive month — up 5.6% in May alone. In most African cities, prices in the markets have gone up by more than 30% and 40%. Price increases aside, it is doubtful whether the continent will have a sufficient supply of grains.
The prices of basic necessities have risen significantly in Chad's neighbor to the northwest, Niger. Milk, sugar, oil and flour are the products whose prices have skyrocketed there. The cost of fertilizer has also increased dramatically.