From the election of former President Richard Nixon to the launch of Apollo 8, the Texas A&M Class of 1972 saw a unique set of historic events during their years
the country s finance minister. the imf has slashed its expectations for global economic growth over the next two years, and it s blaming russia s war in ukraine, saying higher inflation and supply chain issues are some of the earthquake-like ripple effects that will be felt worldwide. now, rising inflation is causing food prices to spike right across latin america. it s hurting the region s most vulnerable people. reporter: in this slum in the outskirts of lima, helena rodriguez had some shopping for her lunch service. she works as a cook in a soup kitchen, preparing meals for some of the most vulnerable residents of the slum. but lately, even a simple soup has become too pricey. translator: before things were accessible, everything, vegetables, potatoes. now all of that is very expensive. prices have gone up so much, i don t know what to do anymore.
reporter: rodriguez says she started cutting down on meats to keep her cooking at an affordable price, but her situation is far from alone. in the brazilian city of rio de janeiro, her colleague has a similar recipe. translator: poor people can only eat fish, sausages, and chicken. they can forget about meat. reporter: inflation triggered by the russian invasion of ukraine and by rising oil prices around the world is hitting hard in latin america, where millions are exposed to rising food prices with no safety net to fall back on. inflation in march reached the highest level in 26 years while brazil had last seen these levels of inflation when it created a new currency to escape an inflationary wave in the 1990s. in argentina, along with hyperinflation, president alberto fernandez launched a new offensive against an old foe. translator: on friday, we
start a new war. it s the war against inflation. reporter: prices are spiking just as economies were beginning to recover from the impact of the covid-19 lockdowns. according to the united nations, an additional 14 million latin americans have gone hungry since 2019. and thousands have taken to the streets, be it in brazil where inflation will play a key role in the presidential elections later this year, or in peru, where at least six people died during a general strike against rising fuel prices. rodriguez has managed somehow to fill her pots, and lunch will be served for now. outside her kitchen, the pots are empty, filled only with cries of anger. hunger awaits us. i m paula newton here at cnn center. i want to thank you for joining us. john vause will be back live
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