{"id":21768,"date":"2024-08-27T20:00:18","date_gmt":"2024-08-27T20:00:18","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=21768"},"modified":"2024-08-27T20:00:21","modified_gmt":"2024-08-27T20:00:21","slug":"president-ali-highlights-government-efforts-to-mitigate-rising-global-food-prices-and-cost-of-living","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/president-ali-highlights-government-efforts-to-mitigate-rising-global-food-prices-and-cost-of-living\/","title":{"rendered":"President Ali Highlights Government Efforts to Mitigate Rising Global Food Prices and Cost of Living"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>President Dr. Irfaan Ali outlined the government&#8217;s targeted initiatives to counteract the impact of global food price increases and alleviate the cost of living for Guyanese in his national address on Friday evening.<\/p>\n\n\n\n<p>He attributed the surge in global food prices and related costs to disruptions caused by the Russian-Ukraine war and the global pandemic. <\/p>\n\n\n\n<p>For context, food price inflation in the European Union rose from 3.5% in January 2022 to 7.5% by May of the same year. <\/p>\n\n\n\n<p>In the United States, it hit 10.9% in July 2022, the highest since 1980.<\/p>\n\n\n\n<p>In contrast, Guyana&#8217;s food inflation in 2023 was 3.8%, significantly lower compared to Jamaica&#8217;s 87% and Latin America&#8217;s 81.67%. <\/p>\n\n\n\n<p>President Ali emphasized that this low inflation rate is the result of deliberate government policies and investments aimed at stabilizing prices.<\/p>\n\n\n\n<p>The President assured that additional measures will be introduced to further expand the economy and address the rising cost of living, ensuring a robust and resilient economic framework for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Dr. Irfaan Ali outlined the government&#8217;s targeted initiatives to counteract the impact of global food price increases and alleviate the cost of living for Guyanese in his national address&hellip;<\/p>\n","protected":false},"author":4,"featured_media":21481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[365,363,350],"tags":[],"class_list":["post-21768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-human-development","category-national-transformation","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=21768"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21768\/revisions"}],"predecessor-version":[{"id":21769,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21768\/revisions\/21769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/21481"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=21768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=21768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=21768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}