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Originally posted by pintohoo:
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''Please explain world inflation. Always thought inflation was country based.'' ## Understanding Global Inflation - Events like natural disasters, geopolitical tensions, or pandemics can disrupt supply chains, leading to shortages of goods and increased prices worldwide. - Central banks around the world may adopt similar monetary policies, such as lowering interest rates or increasing money supply, which can lead to inflationary pressures globally. - Fluctuations in the prices of key commodities (e.g., oil, food) can have a ripple effect across countries, as many economies are interconnected through trade. - A surge in global demand for goods and services, often driven by economic recovery or growth in major economies, can lead to inflation in multiple regions. - Changes in exchange rates can affect import prices and contribute to inflation in countries reliant on imported goods.
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Cheerz for the answer and for backing Kingy. So, from memory, Elner clained that inflation was caused by the Russia/Ukraine war. Admittedly gas priced shot up for a month or so but since then have dropped . Doesn't cause inflation to this level accross the boatd. My point is that knowing that the RBA and all countries reaerve banks are not owned/run by thr respective countries, is there any collusion, regarding inflation, to this connected world you speak of.
