Report
Why is inflation rising again around the world?
Al Jazeera EnglishAnalysis
Oil surged past $100 a barrel as the Strait of Hormuz remains disrupted six months into the Iran war and Houthi advances threaten Saudi oil supplies. Rising energy costs are feeding into household and business bills and pushing inflation higher, forcing major central banks to reconsider their usual approach of waiting out oil shocks and instead raise interest rates.
