After more than one and half year since the military coup, Myanmar families have experienced rising commodity prices, fuel and medicine shortages, lack of job opportunities leading the socio-economic free fall.
Currently, food prices have risen at least 4 times compared to previous years, but wages have not increased, and most of the grassroot families have become more difficult without any saving or income.
Due to the military coup, a decade long effort to reduce poverty in the country have been destroyed and by 2022, 40 percent of Myanmar population will be below the poverty line. Because of the military Council’s economic mismanagement, now the country’s economy is in turmoil, commodity prices are rising record high and Kyat currency is rapidly depreciating. The increase of world fuel price and lack of regular power for industries have caused more hardships for the struggling families.
