Why is inflation hitting majority of the countries worldwide seemingly at the same time?
In: 4
The pandemic played a large role in it.
A lot of companies had to (partially) shut down. People had to work from home. Import/export was often not possible or very expensive due to regulations. There were major shortages of a lot of things. Running companies simply cost most and earned less, so prices went up.
Now, the companies don’t want to lower their prices. But people still need to pay the bills, so the wages are (too) slowly rising to match the prices.
Inflation is a process that never stops. Covid just kinda synced the world.
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