Inflation threatens global economy, governments scramble to stabilize prices.
The article discusses how inflation affects international competitiveness and the economy. Governments aim to reduce inflation to prevent economic problems. High inflation can decrease the value of money and savings. It can also lead to unstable prices and interest rates. Predicting inflation is challenging for economists, making it hard to plan for the future. If inflation could be accurately calculated, it would help stabilize prices and interest rates. This is why governments worldwide work to control inflation.