And the G7 finance ministers will discuss virtually how to curb inflation

Finance Ministers Group Seven They are scheduled to meet virtually on Monday to discuss the recent spike in inflation, according to people familiar with the matter.

The people, who spoke on condition of anonymity, said the talks would come amid supply chain issues that have hobbled the global economy, while ministers will also discuss healthcare.

It shows how, two years after the pandemic, the focus of global economic coordination has shifted from protecting employment to finding solutions to contain inflationary pressures that threaten to reduce income.

However, any concrete action that can solve the problem without derailing the economic recovery from landfills is now less clear.

News of the planned talks came shortly after US consumer prices rose at the fastest annual rate in nearly 40 years, putting pressure on the Federal Reserve to support monetary policy.

Inflation in the Eurozone and the UK is also on the rise, driven by energy prices, labor shortages and deteriorating global supply chains.

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