7
/10 Severity
Global Inflation Surge
crisis
Jan 2022
→ Jun 2024
GDP Impact
-0.5%
Countries Affected
100
Duration
29.966666666667 months
Recovery
- months
Description
Post-pandemic inflation surge reaching multi-decade highs in many countries, driven by supply chain issues, energy prices, and expansive monetary policies.
Causes
Supply chain disruptions, energy price spikes, expansive fiscal and monetary policies during COVID, labor shortages, Russia-Ukraine war.
Consequences
9.4% median global inflation in 2022, aggressive interest rate hikes, cost-of-living crisis, reduced purchasing power.
Quick Facts
- Event Type
- crisis
- Start Date
- Jan 01, 2022
- End Date
- Jun 30, 2024
- Peak Year
- 2022