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Watch: What is inflation and what can be done about it?
Provide chain disruptions, labour shortages, the COVID-19 pandemic and a powerful rebound in demand have seen inflation soar internationally in latest months.
The Russian aggression on Ukraine just isn’t serving to both, driving international meals and power costs even greater.
In March, the annual fee of inflation within the eurozone reached a file 7.5%, based on Eurostat, whereas the European Central Financial institution now expects inflation for the yr to common 5.1%.
Related upticks have been seen elsewhere together with within the UK and within the US in addition to in Turkey the place inflation reached over 60% year-on-year final month.
Watch the video explainer to study extra concerning the root causes of inflation and what may be achieved.