Research on the Inflation Crisis under COVID-19 and Ukraine Conflict

Abstract

In recent years, the emergence of the epidemic has had varying degrees of impact on the economic conditions of various countries. Various online surveys and studies have also shown that the harm of COVID-19 to people has led to a decline in residents' consumption level. In addition, the Russia-Ukraine conflict in February 2022 could also have an impact on different economies. This paper shows how inflation fluctuates under COVID-19 and Ukraine conflict. For clear analytics, the economic market is divided to three main and biggest markets to analyze the influence of these two factors. It is believed that the pandemic has a significant affection on the economic situation. Any important large-scale event will affect the change of the economic situation. Similarly, the war between Russia and Ukraine will also have a great impact on the surrounding countries and even the European market situation. The whole paper focuses on the analysis of the three economic markets. By collecting information on the website and comparing the consumer price index of the three economic markets during the period of the novel coronavirus epidemic and the period of the Russia-Ukraine conflict, it explores the impact of the two events on different economic markets.