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Australians are feeling the pressure from inflation, but in some parts of the world inflation rates are almost 11 times higher, causing massive spikes in the prices of goods. Key points: Experts told the ABC developing countries are likely to be hit harder by inflation One expert says countries with cautious central banks have so far managed rising inflation better The situation in Australia is common in countries such as the US, South Korea, Germany and Canada According to the Australian Bureau of Statistics, the country’s inflation rate is just above 5 percent. By comparison, Turkey faces one of the highest inflation rates in the world, currently at around 54 percent, Fariborz Moshirian, director of the global finance institute at the University of New South Wales, told the ABC. Sri Lanka, where protests over food and fuel shortages have prompted the President to leave the country, has an inflation rate of nearly 55 percent. Brazil’s inflation is around 12 percent and in Russia, infl

SINCE Australia’s first wave of Omicrons after the border opened in late 2021, the pandemic has largely faded from news and public perception. Gone are the daily briefings with updates on the number of cases, hospitalizations, and deaths. But this perception does not correspond to reality. While hospitalization and death rates are relatively lower than in previous waves – thanks to the rollout of vaccinations and naturally acquired immunity – 95% of all Australia’s COVID cases have occurred since the New Year. The daily infection rate continues to run into the tens of thousands. Nearly 3000 Australians died from COVID in the first quarter of 2022, placing it among coronary heart disease and stroke as the leading cause of death. This year we have seen the Omicron wave and the resurgence of influenza. After nearly disappearing during the two-year pandemic, the lifting of most restrictions (such as social distancing and working from home), the decline in the use of masks and the open