Cost of Living Crisis Deepens: Why Everything Keeps Getting More Expensive

The interconnectedness of the global economy means that inflationary pressures in one region can quickly spread to others. Increased demand in rapidly growing economies can put pressure on global resources, leading to higher prices for commodities. Exchange rate fluctuations can also make imported goods more expensive, contributing to domestic inflation. As countries become more integrated through trade and financial flows, the cost of living in one nation becomes increasingly sensitive to economic conditions and policies in others.