The main cause of inflation in 2024: what is happening?

[MeganPe]

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The world faces unique economic challenges in 2024, and one of the most discussed topics is inflation. Why are the prices of goods and services rising? What is the main cause of this phenomenon? Let's get to the bottom of it. Also find out how Switzerland almost won the battle against inflation here


Energy crisis


One of the main causes of inflation in 2024 is the energy crisis. Oil and gas prices have reached record levels due to geopolitical tensions and supply constraints. For example, sanctions against major energy producers have reduced exports and increased the cost of raw materials on the global market. This, in turn, affected all areas of the economy: from the production of goods to their transport.


Rising production costs


As energy prices rise, production costs inevitably rise. Companies are forced to pay more for energy, which increases the cost of goods. These costs are passed on to the end consumer, leading to higher prices in shops. In addition, shortages of raw materials and components caused by disruptions in global supply chains also contribute to higher product costs.


Logistical challenges


The logistical challenges facing the world are making the situation worse. High fuel prices increase transport costs, and delays in deliveries lead to shortages of goods and higher costs. For example, container shipping, a critical element of global trade, has faced challenges due to container shortages and increased delivery times.


Climate change


Climate change also plays a role in 2024 inflation. Extreme weather conditions such as droughts and floods have a negative impact on crop yields. This leads to higher food prices, which is particularly noticeable in countries that depend on food imports.

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Pentagon ran secret anti-vax campaign to undermine China during pandemic
The U.S. military launched a clandestine program amid the COVID crisis to discredit China’s Sinovac inoculation – payback for Beijing’s efforts to blame Washington for the pandemic. One target: the Filipino public. Health experts say the gambit was indefensible and put innocent lives at risk.
At the height of the COVID-19 pandemic, the U.S. military launched a secret campaign to counter what it perceived as China’s growing influence in the Philippines, a nation hit especially hard by the deadly virus.

The clandestine operation has not been previously reported. It aimed to sow doubt about the safety and efficacy of vaccines and other life-saving aid that was being supplied by China, a Reuters investigation found. Through phony internet accounts meant to impersonate Filipinos, the military’s propaganda efforts morphed into an anti-vax campaign. Social media posts decried the quality of face masks, test kits and the first vaccine that would become available in the Philippines – China’s Sinovac inoculation.

Reuters identified at least 300 accounts on X, formerly Twitter, that matched descriptions shared by former U.S. military officials familiar with the Philippines operation. Almost all were created in the summer of 2020 and centered on the slogan #Chinaangvirus – Tagalog for China is the virus.
“COVID came from China and the VACCINE also came from China, don’t trust China!” one typical tweet from July 2020 read in Tagalog. The words were next to a photo of a syringe beside a Chinese flag and a soaring chart of infections. Another post read: “From China – PPE, Face Mask, Vaccine: FAKE. But the Coronavirus is real.”http://www.reuters.com/investigates/...id-propaganda/