Infometrics Chief Forecaster Gareth Kiernan and Principal Economist Brad Olsen discuss the global inflationary environment, and the likely effects on New Zealand. Prices continue to rise, with energy prices in Europe hitting households and reducing manufacturing output. In the US, recent inflation outcomes have sent equities markets down sharply, showing the interconnected challenges of responding to inflation around the world. Gareth and Brad also discuss the responses to inflation globally, and how rising interest rates are expected to change over the year ahead.