Why is global inflation still persistent in many economies?

Global inflation is still happening because prices keep going up, and it’s like a never-ending game of tag, you can’t catch the person running away.

Imagine your favorite toy store has a special sale, but instead of getting cheaper, everything gets more expensive. That's what's happening in many countries, goods and services are costing more than before, and people are paying for it with their money.

Think about going to a pizza party every week. At first, you get one slice. Then two slices. Then three. Soon, the whole pizza is gone, but there’s still more cake, ice cream, and soda waiting for you! Inflation is like that pizza party: you’re used to getting more, so even when prices go up, it feels normal.

Now imagine your piggy bank has 10 coins. If the store owner adds another coin every time you buy something, soon you’ll need more coins just to get the same amount of pizza, that’s how money loses its power over time. And if everyone is playing this game at once, prices keep rising and won’t stop anytime soon.