Well, I must say that inflation is definitely destroying the world. I reckon that the rate of inflation will go much higher right now due to many reasons. First of all, the currently Russian and Ukrainian conflict is also making a big problem for the whole world. This conflict has caused the oil prices to surge at an abnormal rate and this is why inflation is growing. Secondly, we have still not recovered from the effects of the pandemic. The pandemic's effects had been devastating and we are still facing the situation of lock down in many countries. Another big reason why the rate of inflation is increasing is because the global stock market is crashing at a higher pace.
Not to mention that the current Russian and Ukrainian situation has caused the global stock market to fluctuate and I do not think that this situation will improve. right now, I would simply advise people to focus more on improving their income somehow because the conditions of the world are not improving and there are no signs of any kind of improvement. The problem is even bigger for countries where unemployment and a lack of money is the big issue.
