The world is experiencing inflation at higher rates than we have seen for many years. This is a combination of the effects of COVID-19. COVID-19, of course, disrupted methods of production and transportation around the world, and those effects are not yet over. This is part of the cause of inflation, as is the rising domestic demand in New Zealand and around the world which has meant that most of the world's rebounding economically from COVID at the same time, creating inflationary pressures.