Why has global inflation remained stubbornly high recently?

Global inflation has stayed high because prices keep going up, and it’s hard to bring them back down once they do.

Imagine you have a piggy bank full of coins. Every time you go to the store, the things you buy cost more, like your favorite candy or your lunch money. That's inflation: when everything gets more expensive over time.

Think of inflation like an oven that’s too hot. Once you turn it up, it takes a while for it to cool down. Even if you start using less energy, like eating fewer candies or buying smaller lunches, the oven is still warm, so prices stay high.

Also, lots of people and businesses want more things at once. It’s like when everyone in your class brings a snack to share, there are not enough snacks for all of you! That makes prices go up even faster, because there's too much demand and not enough supply.

So the oven is hot, and everyone wants more snacks, that’s why prices stay high for so long.