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Top 5 Facts About Inflation In 2022 That You Must Know

 Inflation is a loss of purchasing power over time. The world is currently struggling due to rising inflation. Read this article to know about 5 facts about Inflation in 2022.

Top 5 facts about inflation in 2022 

The annual rate of inflation worldwide

The annual rate of inflation worldwide, as measured by the consumer price index (CPI), accelerated to 9.2 percent in March 2022, the worst rate in any 12‑month period since the beginning of the series in January 2019. The cost of food has climbed at double-digit percentage rates.

Russia-Ukraine crisis

The inflation has been exacerbated worldwide by the Russian invasion of Ukraine. The cost of Russian energy and Ukrainian grain is also dramatically spiking. The war has sent energy prices soaring across the world. The world was recovering from a downturn caused by the Omicron variant of the Covid-19. However, the war affected the recovery of the economy.

The United States Consumer Price Index grew at an 8.5% annual rate in March

The US Consumer Price Index grew at an 8.5% annual rate in March, the worst rate since December 1981. Consumer prices for food and energy rose 6.5 percent for the year ended March 2022. The cost of staples like beef and eggs increased rapidly. 

Highest inflation rates

According to Bloomberg, Turkey and Argentina have recorded the highest inflation rates among the Group of 20 nations. Turkey's inflation rate soared to almost 70 percent in April. Argentina experienced annual inflation of 50.9 percent in 2021.

Rising inflation and stock market

Rising inflation affects the stock market. Value stocks perform better in high inflation periods and growth stocks perform better when inflation is low. Inflation can also increase the costs of materials and labor.

These are the top 5 facts about inflation in 2022. What do you think about rising inflation? Share your answer in the comment section below.


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