Inflation has been rising across much of the globe over the last 18 months. In many countries, it’s likely to continue to increase in the short-medium term.
Inflation affects businesses and consumers, and its impact is seen across society. Whilst some businesses and sectors of society will have the means to weather the inflation storm, everyone feels the effects of it nonetheless.
Businesses and consumers are feeling the effects of rising inflation. In many economies, this has reduced real wages, reduced purchasing power, and contributed to slower growth rates that in some countries have already turned into recessions. For businesses, it also means more uncertainty and means they are revisiting their investment decisions and this, in turn, affects the wider economic growth.