After the first coronavirus get into world,most of the country facing huge inflations.Even America,China had faced some how influential inflation.Now the wars tooks play of corona,so huge economy crisis in most of developing nations.The cost price for the food is huge that many Ukraine new country,the still support Ukraine.But they are very small country with huge spririt of the nation.
two main reason that become main inflation trigger around the world now, commodity supply to europe which most come from Russian stopped due invation sanction. no supply meanwhile demand increase make commodity price will increase , oil and food commodity be an example of this.
Many countries should learn from the problem of inflation, it's time for us to use a more stable financial system, and actually what ancient civilizations did, namely only using gold and silver was the right thing, if gold and silver is currently very difficult because of the large amount of stock. limited, the country can make cryptocurrencies with a fixed amount so as to avoid inflation.
no stable financial system could guarantee inflation will stopped as long as there is no supply to commodity that needed by most countries, or if government keep printing fiat everyday. even with bitcoin or cryptocurrency builded ,its not enough to stop inflation rate.