Inflation is easing, but consumer prices remain nearly eight percent higher than a year ago. For many families, this news is troubling as the holiday season approaches and many evaluate their travel and gift-buying plans in the coming weeks. The current inflationary crisis is not only felt in the United States. Germany has seen prices rise by 10.4% since October 2021 and consumers in Argentina are struggling to keep up with historic inflation expected to be 73.5% higher in January 2023 compared to the same period this year . Around the world, supply chain devastation caused by the Covid-19 pandemic, the energy crisis caused by Russia’s invasion of Ukraine and corporate greed are driving higher prices in critical markets, including food and shelter. Read our full coverage for details and what actions are being taken to reduce inflationary pressure across markets.
