Lack of purchasing power which is caused by inflation is encouraging economic uncertainty, and this is because many nations has been found wanting in production capacity, instead they encourage importation of consumable goods from other countries, the country involved will therefore put up a policy, that will compel the consumer country to exchange there currency to the currency of the country, they are purchasing from, this will further weaken and stagnate there currency to trigger high inflation rate.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
As sad as it is, we all should know that inflation has come to stay. Government fiscal and monetary policies have not been able to stabilise the prices of goods and services.
Fiat keeps devaluing as the day goes by. This is why we should engage in investment that will give us multiple streams of income to keep up with the world's current economy state. And also we should try to save in bitcoin or cold which will fight against inflation.
The issue of of inflation is not peculiar to just one country, it is universal.