At present the biggest problem in the world is inflation. Inflation has hurt economies around the world. Its impact has been felt not only in India but also in the economy of many countries including America and Britain. The start of 2022 has been very bad for all the countries. The way the geopolitical situation has changed in 2022 has led to a sharper rise in inflation than the mild inflationary shock experienced in 2021. The rapid rise in inflation around the world is troubling for the West. According to a report, Western countries have experienced such inflation after a decade. Inflation has been rising for the last few quarters. It started with the rise in the prices of crude oil and metals. Commodity prices have also skyrocketed in 2022.
retail inflation rate in india 6.95%
In March 2022, retail inflation in India reached a 17-month high of 6.95 per cent. Food prices increased by 7.47 per cent in March. Clothing and footwear rose 9.40 per cent. Fuel and electricity prices increased by 7.52 per cent. Edible oil prices rose by 18.79 per cent and vegetables by 11.64 per cent.
Investors turn to buy homes in America
The impact of rising house prices on the United States and other developed countries is staggering. Actually, there was an increase in real estate investment during Corona. As a result, home prices have skyrocketed.
The effect of supply problems showed
Restrictions were imposed in 2021 due to the Corona epidemic, which caused supply problems, which had a direct impact on prices. This vicious cycle does not take the name of stopping once it has started. As Corona’s anger subsided, Russian President Putin invaded Ukraine in February. As the war broke out, investors around the world reacted negatively, and stock markets plunged. Crude oil rose unilaterally and supply disruption affected prices of other commodities.