Wheat, fuel, and microchips: How the Ukraine crisis rise prices for Irish consumers

Smoke rises from a military airport in Chuguyev near Kharkiv on Thursday. The Russian invasion of Ukraine is likely to have significant economic impacts. Picture: Aris Messinis/AFP via Getty Images

Irish consumers could soon feel the impact of war in their pockets, with the Russian invasion of Ukraine likely to have significant economic impacts.

Ukraine, the second-largest country in Europe by way of landmass, has long been regarded as the "breadbasket of Europe" and is home to major wheat, barley, and corn industries. Taken for granted by many in Western Europe, these precious commodities are key components in the production of bread and beer, as well as many other day-to-day products, and could be added casualties to the terrible human toll the world is already witnessing.