During the COVID-19 pandemic and now 2  due to the war in Europe, there are clear signs of transmission of global shocks to generalised and synchronised inflation across the world. 6.
The recent upsurge in inflation due to the black swan event, i.e., the  war in Europe, on top of another such event, i.e., the Covid-19 pandemic offers a classic example of the globalised nature of current inflation.