Inflation is a global problem, here’s how central banks are addressing it


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New York (CNN Business) Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has plenty of it. A perfect storm of stimulus cash during the pandemic, a strong demand for goods, geopolitical chaos and supply chain kinks have led to a surge in prices globally. In Great Britain, inflation stands at just under 10%, the highest in the G7. In Turkey and Argentina, annual inflation rates are forecast to clock in at a whopping 80%. The Federal Reserve announces its next interest rate decision later on Wednesday, but central banks across the...