The Inflation Conundrum: Why Prices Keep Rising The inflation rate has remained stubbornly high for months, far exceeding expectations and casting a pall over economic growth.
It currently stands at roughly 8% above the pre pandemic level, with no clear signs of abating anytime soon.
This is not just a concern for consumers, who are seeing their purchasing power eroded; it's also a worry for businesses, which face increasing costs and uncertain market conditions.