This google trends data covers worldwide searches for the term inflation from 2004 until 2022.

It makes complete sense as prices for the things we need have been ramping up walls for the last year-plus.

Sadly the world is likely going to see famine and increasing political instability due to people’s paychecks increasingly not getting enough food on their plates.

The loss of about 25% of the wheat market has driven its price back toward all-time high levels, last seen in 2011 during the Arab Spring instability spell.

But terrible price inflation is not merely an emerging market issue.

Germany, the manufacturing powerhouse of Europe, admitted inflation rates this week not seen since 1981.