Countries trying to control inflation

In America, where inflationary already up 8.3% in April, President Joe Biden’s anti-inflation efforts are targeting gas, food and auto prices through a series of executive actions.

To lower the price of gasoline, Mr. Biden announced a plan to “release” 1 million barrels a day of oil from the strategic reserve in 6 months and allow the sale of gasoline with higher ethanol content during the summer.

In China, the government has taken many measures since the end of 2021 to curb the sharp increase in commodity prices and limit damage to businesses.

China has increased domestic coal mining capacity, increased imports of goods from the national stockpile to slow price increases. China will also exempt coal import taxes to help ensure energy supplies.

Meanwhile, Russia, which recorded an inflation rate of 16.7% in March, the country’s central bank doubled interest rates to stabilize the ruble.

The Russian government has relied on manufacturers and retailers to limit the rise in prices of basic goods, including food and some metals.

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