3
The pandemic, supply chains
overstretch by restocking
needs after the end of major
Covid-19 lockdowns, the
ongoing robust consumer
demand, the Russian invasion
of Ukraine and disruption of
global energy and food
supplies all contributed to the
rise of global inflation.
Inflation is predicted to be
worse in developing
economies, where price
increases are projected to
reach 8.7% on average over
the course of this year.
In developed nations, this
number was put at 5.7% by the
IMF.
