Why is global inflation persisting and affecting purchasing power?

Global inflation is like when your favorite toy becomes more expensive every day, and you have less money to buy it.

Imagine you have a piggy bank with 10 coins. At the store, a candy bar costs 1 coin. But if inflation happens, that same candy bar might cost 2 coins next week, even though you still only have 10 coins in your piggy bank. That means you can buy fewer candy bars than before.

Think of the whole world as a big lemonade stand. Everyone is trying to sell their lemonade, but there aren’t enough lemons (or sugar or cups) to go around. So prices go up, like when your friend wants to buy the same cup you're holding, and you both have to pay more.

Also, people are spending money faster than they’re earning it, kind of like if you take all your coins out of the piggy bank at once to buy a big bag of candies. That makes the price go up even more, and everyone has less money for their favorite treats.