The Scourge Of Nations

That inflation rates have risen worldwide .....

Predicted World Inflation Rates 2022

...... under the twin pressures of the post Covid recovery, and the oil/food price rises due to Russia invading the Ukraine, is now obvious to us all. In the USA its dropped to 5%, 8.6% in the EU, but in the UK is still 10% .... however all the major countries expect it to drop steadily in the summer  .... but in some parts of the world this sudden rise is not a recent phenomena, but is a persistent issue.

The Basket Tells The Story

The UK has been using a shopping basket of goods, as one of the measure of the cost of living since 1947.

A Typical UK Shopping Basket

This inflating shopping basket, has had items added, but also items removed over those 73 years.