Rising prices, a global nightmare: A look at inflation across the globe

With the Russia-Ukraine war pumping up the crude oil and other essential commodity prices to the sky, editorji takes a look at the inflation numbers across the world:

• U.S.: Inflation at 7.9% y-o-y, the highest since January 1982
• Venezuela: The 12-month inflation figure reached 472% through January 2022
• Argentina: Annual inflation reached 50.7%, as prices on communications, hotels, restaurants and food increased sharply
• Turkey: Inflation increased to a fresh 20-year high at 54% for February, as the lira continues to suffer and energy prices climb
• Spain: The European country suffered the highest inflation since 1986 at 7.4%
• India: Consumer price index hovering near the central bank's 'tolerance level' of 6%, this however is not fully reflecting record high fuel prices and household budgets
• UK: Inflation rose to a 30-year high in the year to January 2022 at 5.5%
• Germany: After snapping six straight months of acceleration in January, consumer prices jumped 5.5% from a year earlier in February — more than the 5.4% median estimate of economists surveyed by Bloomberg
• China: Inflation eased to its slowest pace in six months to 0.9% amid weakening domestic demand
• Japan: Japan's consumer prices rose by 0.5% y-o-y in January 2022, easing from a 0.8% gain a month earlier which was the steepest pace in two years