A way to consider the rate of inflation or not in the world we can look like the direction of the war going in Russia and Ukraine because this two country are important in the world and now that they are fighting endless war it is affecting the world in there supplies. russia reduce the rate of oil and gas to europe and this I believe affect in manufacturing of products which means no growth in manufacturing sector and that drops money in circulation. government will try to raise printing money and there you have inflation because too much money in circulation for purchase of the goods not available.