Inflation is not only an increase in United State But also around the world, what caused this is the global pandemic. It was a chain reaction to the entire world being trapped in their homes without letting Economie To continue working as it should. That or all humans were allowing more people to die from the virus.
But the consequences of these measures are starting to show with inflation in markets around the world. food and energy prices They are the biggest indicators that indicate that inflation has reached levels not seen since 1981. Another obvious reason for this inflation is the conflict between Russia And the Ukraine That caused millions of people to leave their homes.
How do we measure inflation?
The way to measure inflation is to get the consumer price index that comes after calculating the cost of living for each household in a specific country. In the United States of AmericaThe CPI It saw an 8.3% increase and remained at a 40-year high. This CPI is measured monthly by tracking the prices of food commodities traded globally.
In the latest report, there was a 12.6% increase between monthly February And the Walk to reach the highest level since its inception in 1990. Although experts believe that this level of inflation will not last much longer, it is known that recession always comes after inflation. This is a historical fact.
There are many important indications that a recession is approaching, but so far, no major statements have been made by any world government. All we got are expert opinions that talk about the imminent death that awaits everyone.
In the meantime, all we can do is keep looking at higher prices and hope the recession doesn’t surprise us. As long as we all make proper plans and anticipate the worst, don’t panic just yet. This was bound to happen after such a difficult time as global pandemic.
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