Highlights:

The spillovers from the war on Ukraine weighed on the most vulnerable. Data from the 2020 household survey show that poor households spend 65 percent of their income on food—over 10 ppts higher than the non-poor.

The spike in food prices has worsened food insecurity and exposed the poor to the risk of falling deeper into poverty, compounding an already aggravated situation due to the COVID-19 pandemic. Rising food prices limit the ability of vulnerable households to increase their already low incomes.