So 2022 nudged the inflation genie out of the bottle - what's next?

Armed with billions of dollars in savings built up during the pandemic, consumers went on a spending splurge in 2022 as restrictions were lifted around the world, and international borders reopened.

Credit: Violetta Haas / EyeEm/Getty Images/EyeEm

But supply couldn’t keep up with demand, and Russia’s invasion of Ukraine helped to nudge the inflation genie out of the bottle.

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