Global inflation is an important issue that will affect various economic sectors around the world in 2023. Various countries are experiencing soaring prices of goods and services, which is triggering concerns about people’s purchasing power. Factors such as post-pandemic recovery, supply chain disruptions and rising energy prices are major contributors to high inflation. One of the main drivers of global inflation is the surge in demand that occurred after the easing of restrictions related to COVID-19. Consumers, who previously held back spending, are now spending massively again, creating pressure on already strained supplies. The increase in goods prices was initially seen in sectors such as food and energy, which were heavily influenced by external factors such as political instability in oil-producing countries. Governments and central banks in various parts of the world are taking steps to tackle inflation. In the US, the Federal Reserve raised interest rates to curb inflation growth. The move aims to slow the economy, but the risk of recession increases. European countries are also implementing similar policies, although the impact varies depending on the economic conditions of each country. The property sector is not immune from the impact of inflation. Rising prices for building materials such as lumber and steel are disrupting new construction projects, leading to limited housing supply. This is exacerbating the housing problem in many countries with demand continuing to increase, while supply remains hampered. In the labor market, inflation triggers an increase in wages. While rising wages can increase workers’ purchasing power, there are concerns that they could trigger a further cycle of inflation, as companies raise prices to offset higher costs. Companies are also adapting to rising inflation. Many are starting to increase the prices of their products and services, as well as looking for ways to cut costs. Some companies are shifting their focus to operational efficiency or investing in technology to minimize the impact of inflation on profit margins. In developing countries, the impact of inflation is more pronounced in low-income communities. Rising prices of basic necessities such as food and transportation threaten food security and increase poverty. Therefore, many governments are taking emergency measures to help populations hit hardest by inflation. Global inflation also creates challenges in financial markets. Investors are moving away from riskier assets towards safer instruments, affecting the stock market and increasing demand for bonds. Market volatility is increasing, making it difficult for investors to plan their financial future with certainty. Global competition is also getting tougher. Countries that are able to deal with inflation well look more attractive to investors and trading partners. As reported by the International Monetary Fund (IMF), appropriate monetary policy and fiscal discipline are the keys to facing inflation challenges this year. With all the existing challenges, society is expected to be able to adapt to the new reality. Financial education and outreach to consumers is an important aspect in helping them understand inflation and its impact. This increased awareness can help people live their daily lives more wisely amidst the prevailing economic uncertainty. As a way forward, international collaboration is very important in overcoming global inflation. Countries need to work together to strengthen supply chains and ensure global economic stability. In the midst of the complexity of these challenges, innovative and sustainable solutions will be very necessary to create a more resilient economic future.