Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia, a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.
What do you expect them to do? IMF can't control how countries recklessly print their own currency. Ukrainian war is partly responsible, so is the COVID era spending. Don't rely on fiat currency for long term savings. The central banks target inflation to be 2% yearly at best. If you spend fiat immediately, the effects are mitigated. Long term savings over 30-40 years mean your fiat will lose over half its value. Again, that's at 2% -- most currencies inflate at a higher rate.