Why is the cost of living increasing so rapidly globally?

The cost of living is going up because things we need are becoming more expensive, like toys and candy.

Imagine you have a piggy bank full of coins. That’s your money. When the price of something goes up, it means you need more coins to buy it. Like if a chocolate bar used to cost 2 coins, now it costs 3 or even 4!

This happens because supplies (like food, clothes, and houses) are not enough for everyone. It's like when there’s only one swing at the park but all your friends want to use it, you have to wait longer or pay more to get a turn.

Also, people need more money because work has become harder or more expensive. Sometimes, parents have to work extra hours or take on more jobs just to keep up with the rising prices. It’s like if you had to run faster and longer to catch the bus, you’d get tired quicker!

So, when everything costs more, it feels like your piggy bank is getting lighter, even if you’re saving coins!