U.S. consumer price inflation jumps 6.8% year over year, the largest increase since 1982.

[Ryzen_renoir]

[Raven_Raeyes]

That's the case elsewhere...

India's inflation if measured properly might be around 15% in the last two years.

 

[Raven_Raeyes]

Record inflation is a thing of concern but every 10-12 years, we normally see couple of years of hyperinflation period.

6.8% inflation is still manageable but to control inflation, there might be interest rates hikes soon. This inflation period coupled with an interest rate hike will prove worse before things cool down. 

The worst has just started. I can relate to 2009-11 time when things started recovering from recession.