Of course high inflation is causing global protests because everyone, everywhere is feeling the pain. This shows that this is not a local phenomenon but a worldwide thing, nonetheless it will be incorrectly politicized for power.
Inflation is rising globally since war broke out between Russia and Ukraine which caused high price of food and energy but since FED has taken strong measures to control inflation by increasing interest rates, it will certainly start coming down as it is evident from CPI data released this evening. CPI of October is 7.7% which is significantly lower than last month. If this trend continues, we will see decline in prices of goods in coming days.
https://www.investing.com/economic-calendar/