Global issue - UK just announced 9% inflation rise in their latest figures UK inflation hits 40-year high of 9% as cost of food and energy soars, with well above average inflation in Aus currently and projected to continue.
Variety of reasons given including Covid stimulus, War, Environment (climate) etc but one thing for sure is it seems an issue most countries are facing.
How does it end? It seems like raising interest rates are trying to curb the issue but its having little affect to date.
A bit doomsday, but if this continues it's going to be a lot of trouble for a lot of people just trying to afford the absolute essentials, even putting housing aside.
Variety of reasons given including Covid stimulus, War, Environment (climate) etc but one thing for sure is it seems an issue most countries are facing.
How does it end? It seems like raising interest rates are trying to curb the issue but its having little affect to date.
A bit doomsday, but if this continues it's going to be a lot of trouble for a lot of people just trying to afford the absolute essentials, even putting housing aside.