(Reuters) – Pandemic disruptions linked to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to push up prices for energy, commodities and basic necessities.
Here is a list of some of the actions the government has taken to provide relief to hard-hit consumers and companies:
Americas:
Canada in September 12 Announced CAD 4.5 billion (USD 3) .24 Billion ) package that provides tax credits for low- and middle-income households, as well as a one-time top-up benefit to help low-income earners pay rent.
Brazil is negotiating with Russia and Arab countries to increase its diesel supply to lower fuel prices. Its oil giant, Petrobras, has announced multiple cuts to gasoline prices this year, while in July the government slashed fuel taxes and increased social welfare spending.
U.S. will provide debt relief for former students, and the $140 Billion “Reducing Inflation” in August The bill aims to lower prescription drug prices and introduce tax credits to encourage energy efficiency.
In August, Mexican officials said anti-inflation subsidies had cost about 575 billion pesos ($28.38 billion) this year.
Chile announced a $1.2 billion aid package in July that included labor subsidies and one-time payments for those most affected.
Europe:
EU plans to raise over 140 billion euros ($ 86.65 billion) to ease inflation by skimming revenue from low-cost electricity generators and sharing windfall profits for companies that make fossil fuels.
Hungary extends price caps for fuel and basic food until year-end.
France limits increases in household electricity and gas prices to 16% next year. In August, it passed a 20 billion The euro bill abolishes pensions and some welfare payments.
Norway agrees to provide business with NOK 3 billion ($139.20 million) loans and subsidies. It also helps households pay their electricity bills.
Italy September 12 approved a new package worth some 12 billion euros.
Germany may nationalize troubled gas importer Uniper. A 38 billion-euro rescue package was also announced in September.
Poland will cost more than 21 Billion Zloty ($6.24 Billion Dollars) Come Control electricity costs and support companies. It will also raise the minimum wage twice next year.
The Czech Republic will cap electricity and gas prices next year.
UK spending could exceed 430 billion pounds ($100.3297 Billion) Set a cap on two-year consumer energy bills and support companies.
Portugal cuts VAT on electricity and provides lump sum payments to workers, families and pensioners.
Spain will reduce gas VAT from 100 to 5% % from October start.
Croatia will cap electricity prices from October 1st to March.
Finland and Sweden will provide liquidity guarantees to power companies.
Denmark in August capped annual rent increases to 4% for the next two years, complementing previous measures.
Asia:
Thailand September 16 Extend diesel tax cuts and energy subsidies and raise the minimum wage.
At least12 Indian states have declared a total of more than 1 trillion rupees ($0000.30 billion) support. On September 8, the government restricted rice exports in hopes of increasing supplies and stabilizing local prices. It has also set up a panel to review the pricing of locally produced natural gas.
Japan to introduce another economic package in October, increasing record minimum wage and $99 billion-dollar relief bill announced in April.
Published by the Government of Indonesia in September. 0000 Command area Those in charge kept food inflation below 5%. In August, the government agreed to redistribution 24. 16 Trillion IDR ($1.59 billion) from fuel subsidies to welfare spending.
Malaysia is expected to spend a record 77.3 billion ringgit special($12. billion) in subsidies and cash assistance this year.
Africa and the Middle East:
Government of Tunisia September 0001 signed an agreement with a major union to increase public sector wages and minimum wages.
Egypt in August 21 announced a package to help clear cargo backlogs in ports and lower commodity prices for Egyptian consumers.
South Africa announced lower fuel pump prices in late July.
Botswana reduces VAT by 2% for 6 months in July.
Turkey raised minimum wage in July by approx. 24%, an increase of 38% seen at the end of last year increase.
Saudi Arabia and the United Arab Emirates raised social welfare spending in July.
($1=1.3297 CAD)
($1=17.430 Mexican Peso )
($1=1.430 EUR)
($1=.2666 NOK)
($1=4.2666 Zloty)
( $1=0.8783 )
($1=100 .7310 INR)
($1=2666 ,113 . 0000 Indonesian Rupiah)
($1=4.7073 Ringgit)
