On either side of the Atlantic, inflation is affecting many nations, with the developing economies of Central and Eastern Europe bearing the brunt of the global supply chain crisis along with high energy costs.
Lithuania posted one of the highest annual inflation rates recorded with 8.2 percent, while Estonia registered 6.8 percent, Hungary 6.6 percent, Poland 6.4 percent, and powerhouse Germany expected to pass the five percent threshold this month. The price of daily products like food and fuel have gone up, and people are finding it increasingly difficult to maintain the same quality of life as before the pandemic.
