Usa Poland Hungary city Budapest, Hungary pandemic economy Government Usa Poland Hungary city Budapest, Hungary

Inflation surges globally as economies reel from pandemic

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www.fox29.com

BUDAPEST, Hungary - From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide.Rising inflation is leading to price increases for food, gas and other products and pushing many people to choose between digging deeper into their pockets or tightening their belts.

In developing economies, it's especially dire."We've noticed that we're consuming less," Gabor Pardi, a shopper at an open-air food market in Hungary’s capital, Budapest, said after buying a sack of fresh vegetables recently.

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