The Rise in Global Inflation Threatens World Economy

The latest data on inflation from the World Bank shows that global inflation continues to accelerate. In May 2022, the world consumer price index (CPI) growth accelerated to 8.1% year-over-year. The last time year-over-year global inflation approached 8% was in 2008, when the world economy was stepping in the Great Recession. Knoema's global inflation heat map, based on the World Bank data, reveals the spread of inflation to more and more countries each month. In Dec 2019, among 107...