Insight - How to prevent an inflation scare?

Rising cost: Shoppers at a market in Kuala Lumpur. Malaysia’s headline inflation has been increasing since August 2021 to 3.3% in November and 3.2% in December 2021, largely driven by the higher prices of food. — Bloomberg

GLOBALLY, headline consumer inflation has increased in advanced and emerging market economies since 2021.

The annual rate of inflation in the United States hit 7.5% in January 2022, the highest in more than three decades; eurozone inflation hit a new record high of 5.1% in December.