The amount of money in circulation continues to increase will cause inflation in a country, this will have an impact on prices which will also continue to rise. If the amount of money in circulation doubles, prices will also double. An increase in the amount of money in circulation can occur, for example, if the government uses a deficit budget system.
This can be one reason for the inflation which is make by the government of any particular country. Do you think current inflation is make by the government? Defiantly not in most countries today, inflation has been identified as the main reason for the War which is consisted by Russia and Ukraine. Generally, if the demand of any product increased in the market, people have to buy that product with more money. Due to the war, food shortages and a large fuel crisis make a big impact in the market. As a result, the cost from both sides has increased a lot.
There are numerous worldwide events that have an impact on the economy and aggravate the inflation crisis. The government cannot handle it immediately, and we must deal with it. Natural catastrophes and geopolitical events can all have an impact on the availability and cost of products and services. When supply is limited, prices may rise.
As ordinary citizens, we can't help but look for alternate ways to survive this humanitarian crisis. We should seek out as many work options as possible in order to triple our wages and afford a standard of living.
I don't think the inflation situation will stop any time soon, therefore as it worsens, we need to strengthen our foundation through proper financial management to be able to deal with it.