Global Inflation

Inflation is causing economic stress here in the United States. It is often covered in the news as a failure of the US economy, but as this map shows, inflation is a global phenomenon and the United States is in one of the lower categories.

The map, via statista show projections from April, 2022. The countries with higher rates tend to be "developing nations" that are experiencing inflation as a consequence of economic growth. The highest rates are found in countries that are experiencing conflict such as Venezuela (500%*-ouch!) and Sudan. The accompanying article on statista, explains the inflation situation in much greater detail. 

Another map from statista, that is on Forbes, shows global gas prices.

The United States is in the middle category here but still gas is much cheaper here than in Canada, Europe, South and Eastern Asia and Australia. While this map is also a few months old, the current info from Global Petrol Prices still has the US in the same approximate position.

While looking for more information on statista, I found this interesting map showing ships are currently jammed up trying to get to the ports of Rotterdam and Antwerp. Delays in container shipping are one of the major stressors contributing to inflation.

* In looking at inflation trends I've seen other numbers for Venezuela that are around 250%. I imagine it's not easy getting accurate numbers given the political turmoil in that country.