Why has inflation been so persistent in recent global economies?

Inflation has been like a stubborn cookie that won’t come out of the oven, it just keeps getting bigger and bigger.

Imagine you have a piggy bank full of coins. Every time you want to buy something, you take some coins out. But recently, prices have gone up, like when your favorite candy used to cost 50 cents, now it costs a dollar. That means you need more coins from your piggy bank just to get the same amount of candy.

Now think about the money in your piggy bank. If there are too many people wanting to buy things at the same time, like everyone wants that same candy, the store might raise prices even more, it’s like a race for limited treats!

Also, sometimes grown-ups print more money than usual, kind of like adding extra coins into the piggy bank without telling you. When there's too much money going around, prices go up because everything feels more valuable.

So inflation stays high when prices keep rising and money keeps growing, it’s like your piggy bank is getting full faster than you can spend your coins! Inflation has been like a stubborn cookie that won’t come out of the oven, it just keeps getting bigger and bigger.

Imagine you have a piggy bank full of coins. Every time you want to buy something, you take some coins out. But recently, prices have gone up, like when your favorite candy used to cost 50 cents, now it costs a dollar. That means you need more coins from your piggy bank just to get the same amount of candy.

Now think about the money in your piggy bank. If there are too many people wanting to buy things at the same time, like everyone wants that same candy, the store might raise prices even more, it’s like a race for limited treats!

Also, sometimes grown-ups print more money than usual, kind of like adding extra coins into the piggy bank without telling you. When there's too much money going around, prices go up because everything feels more valuable.

So inflation stays high when prices keep rising and money keeps growing, it’s like your piggy bank is getting full faster than you can spend your coins!