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A chart comparing countries with the largest Muslim populations with corresponding food inflation rates.

Luisa Vieira

The Graphic Truth: Ramadan celebrations now cost more

The holy month of Ramadan has begun for the world's roughly 1.9 billion Muslims. But for many, the joyous feasting with family before and after the Ramadan fast will be overshadowed by inflated food prices thanks to Russia’s war in Ukraine. Majority-Muslim populations in Asia and the Middle East, where many countries rely on food imports, will feel the economic pinch most. We take a look at countries with the largest Muslim populations and their corresponding food inflation rates.

A graph comparing Venezuela's GDP per capita with the average price of crude oil.

Paige Fusco

The Graphic Truth: Economic turmoil in Venezuela

Venezuela has the world’s largest oil reserves but a combination of corruption, mismanagement, and tough US sanctions since the Maduro regime came to power in 2013 has meant that the petrostate has failed to benefit from its vast reserves of liquid gold.

While high oil prices under the Chavez regime in the early 2000s gave a boost to Venezuela’s middle class, US sanctions first imposed in 2006 – and significantly ramped up under the Obama and Trump administrations – have cut Caracas off from US financial systems.

Economic hardship is rife, with a staggering 50% of people living in extreme poverty. Pervasive hopelessness has also led to one of the worst migrant crises in the world.

In a bid to offset a global energy crisis in 2022 as a result of Russia’s war in Ukraine, the Biden administration began lifting some sanctions on the Venezuelan oil sector. So how are things faring? We look at GDP per capita and corresponding oil prices since 1999.

A graph comparing the US Federal Funds Effective Interest Rate with the year-on-year percentage change in inflation.

Luisa Vieira

The Graphic Truth: US interest rates vs. inflation

All eyes are on the US Federal Reserve, as it is set to announce Wednesday whether it’ll raise interest rates amid the recent banking turbulence.

The Fed’s decision will hinge on what central bankers think is a bigger priority: fighting inflation or stabilizing the financial sector following the recent collapses of Silicon Valley Bank and Signature Bank.

While it could stay the course in its inflation fight with another rate hike, the Fed is coming under growing pressure to ease investors’ anxieties by leaving interest rates be. But doing that risks giving in — temporarily, at least — to lasting inflation. The longer the Fed waits to control rising prices, the worse chance it has to reach its 2-3% inflation target without triggering a recession.

Also, high-interest rates are partly to blame for the recent financial turmoil on both sides of the Atlantic. Right-leaning critics argue that near-zero rates for too long made lending too cheap. Meanwhile, some on the left say that raising rates too quickly made borrowing too expensive, hurting the balance sheets of banks like SVB.

What do you think the Fed’s next move should be? Let us know here.

Comparative maps showing which countries had official diplomatic ties with Taiwan just before the UN recognized the People's Republic of China (PRC) in 1971 to today.

Ari Winkleman

The Graphic Truth: Taiwan's shrinking recognition

Honduras announced this week that it’ll sever official diplomatic ties with Taiwan and instead recognize China. This would bring the number of countries with formal ties to the self-ruled island down to 13, with only two Central American allies (Belize and Guatemala) remaining. China, which considers Taiwan a breakaway province, has been playing tug-of-war with Taipei for influence in Latin America for years. We look at which countries had official diplomatic ties with Taipei in 1971, just before the UN switched recognition of China’s government to the People’s Republic, compared to today.

Luisa Vieira

The Graphic Truth: Food inflation still flying high

As the war in Ukraine lingers and pandemic aftershocks continue to pound the global economy, food inflation remains sky-high throughout much of the world. Consider that over the past year alone, egg prices in the US rose by a whopping 60% on average. While prices of some food staples have dropped in recent months, partly due to the Black Sea grain deal, stubborn inflation driving up transport and labor costs means that consumers aren’t feeling prices ease at the supermarket. We take a look at food inflation in select countries now compared to a year ago, exactly one month after Russia invaded Ukraine.

Paige Fusco

The Graphic Truth: Female governance gap

March is International Women’s History month, but while women account for just over half the world’s population, the overwhelming majority of political leaders and policymakers globally are men. In fact, there are just six countries where women make up more than 50% of the national legislature, and only 31 countries (out of 193 UN member states) in which a woman is either head of state or head of government. Furthermore, only one G7 country - Italy - currently has an elected female leader. While some countries have introduced controversial gender quotas at various stages in the electoral process as a bid to increase female participation, there's lots of progress still to be made. Here's a look at the facts and figures.

Luisa Vieira

The Graphic Truth: How does El Salvador's prison rate stack up?

El Salvador made headlines in recent days after President Nayib Bukele released photos of gang members being corralled into the country’s new mega-prison – a sprawling complex that will eventually hold 40,000 inmates. It’s the latest development in Bukele’s massive – and very popular – crackdown on gangs, in which Salvadoran authorities have locked up almost 2% of the adult population. (Never mind that US officials have recently accused Bukele of colluding with the very gangs he says he’s trying to stamp out!) El Salvador now has the highest prison rate per 100,000 people in the world – but how does that compare globally? Here we take a look at the countries with the highest official prison rates.

Ari Winkleman

The Graphic Truth: How much it costs to supply Ukraine

As the war in Ukraine enters its second year, proponents of continued military aid to Kyiv say it’s a cut-rate investment for security while others wonder whether the cost is worth it. We look at how much the biggest suppliers spent on military aid to Ukraine as a percentage of their defense budgets last year.

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