Inflation is now rising in 27 out of 29 major countries at the same time.

This is one of the broadest inflation surges the world has seen since the pandemic.

Oil above $100 because of the Iran war is making it even worse.

Every country that imports oil is now importing inflation through the Strait of Hormuz.

Central banks that already hiked are hiking again.

The ones that paused are reversing course. The Fed still has not moved while U.S. inflation is now at 3.8% and climbing again.

The last time central banks called inflation “temporary,” U.S. inflation eventually surged to 9%.

Source (CharlieBilello)$BTC #Inflationdata