Why is the global economy experiencing persistent high inflation?

The world’s money is getting more expensive because there isn’t enough of it to go around, like when you have too many kids wanting candy at the same time.

Imagine you and your friends are sharing a bag of candies. If there are 10 candies for 5 kids, everyone gets 2 candies. But if suddenly there are only 5 candies for 5 kids, each kid has to fight harder to get their share, that’s like inflation.

At first, the bag of candy was big, but now it feels smaller. That’s what happened with money around the world: money became less valuable because people wanted more of it than there was available.

A lot of people started wanting candies (or money) all at once, like when a new friend joins your group, or you all want to go to the park. This made the price of candy (and other things) go up, so now everything feels more expensive than before.

It’s not magic, it’s just more people chasing fewer things, and that makes prices rise.