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The Inquiry: Is inflation out of control?

Is inflation out of control?

26/05/2022 GMT

BBC World Service - The Inquiry, Is inflation out of control?

How has the cost of living been impacted by the war in Ukraine and new lockdowns in China?

All over the world, the cost of living has risen dramatically following fresh lockdowns in China and the war in Ukraine. This week, we ask is inflation out of control?

The Covid-19 pandemic forced countries all over the world to close entire industries and force the majority of people to stay in their own homes where possible, only leaving for the bare essentials. 

Following the arrival of a vaccine economies began to open back up, however, restarting the behemoth-like supply chains was not as simple as first hoped and issues began to occur resulting in empty shelves and price-gouging on certain products. Experts believed it was all par for the course and was merely a transitory period whilst global supply chains regained their flow. Then Russia invaded Ukraine. Then China locked down Shanghai, the world's largest shipping port. Tanya Beckett takes a closer look at how these two developments have changed the outlook on global inflation.
 
Producer: Christopher Blake
Editor: Richard Vadon

Image: Shoppers at a market in Istanbul (Credit: Diego Cupolo/NurPhoto via Getty Images)

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