Global inflation in 2023 will be a major issue affecting various economic sectors throughout the world. Countries, both developed and developing, are experiencing significant price spikes, creating major challenges amid the post-COVID-19 pandemic recovery. Some of the main factors contributing to this inflation include supply chain disruptions, spikes in energy prices, and the impact of tight monetary policy. One of the significant causes of inflation is the energy crisis. After economic recovery, energy demand increases while supply cannot meet demand. Rising energy prices, especially oil and gas, have triggered inflation in the transportation and consumer goods sectors. European countries, for example, are forced to look for alternatives to reduce dependence on Russian energy, exacerbating the situation. Meanwhile, supply chain disruptions due to lockdowns in certain countries also contributed to inflation. Many companies experience difficulties in obtaining raw materials, which results in production delays and price increases. The automotive and electronics sectors are clear examples that have experienced a significant impact, where the shortage of semiconductor chips affects production and prices. Tight monetary policy, implemented in response to soaring inflation, has created challenges for the global economy. Central banks in various countries, such as the US Federal Reserve and the European Central Bank, have raised interest rates to suppress inflation. These policies, while necessary, can slow economic growth and increase the risk of recession. Economic observers worry that a spike in interest rates could lead to ballooning debt for developing countries still struggling to stabilize their economies. The impact of global inflation is also felt on people’s purchasing power. Families around the world are having to face rising costs of living, including food, transportation, and services. With incomes not always keeping pace with rising prices, many people are feeling significant pressure on their household budgets. In several countries, social protests emerged as a form of dissatisfaction with the government regarding economic management. The solution to overcome inflation requires a multi-dimensional approach. Countries need to work together to strengthen supply chains, diversify energy sources and establish balanced monetary policies. Investments in technology and innovation can also provide long-term solutions to reduce dependence on specific resources and increase efficiency. Public awareness of the factors that cause inflation can help create a better understanding of the importance of sustainable investments and policies. Economists encourage international collaboration to solve this problem, considering that inflation knows no national borders and requires a global solution.