Recently, I glanced at the G20 inflation rankings, and to be honest, this data made me break out in a cold sweat—some countries have prices skyrocketing, while others are dropping into negative territory. The degree of economic disparity is comparable to one room with air conditioning and another with heating.

You can definitely guess the two "tough characters" at the top of the list: Argentina with a steady inflation rate of 33.6% dominates the rankings (although it's down a bit from before, this number is still frightening), followed closely by Turkey at 33%. How does that feel? It’s like you spent a thousand on groceries last weekend, and when you go to the same market this week, you can't get away without spending at least one thousand three — if your salary is still stagnant, how can life not feel tight?

What about over in Europe and America? The 3.8% inflation in the UK sounds moderate, but food prices are quite strong; a trip to the supermarket requires you to weigh whether your wallet is enough. The 2.9% in the US has already hit a peak in the last month, and it seems that the Federal Reserve's interest rate hikes haven't completely tamed this wild horse of prices yet.

The most magical thing is here: China's inflation rate is -0.4%, firmly falling into the negative range.
Don't think that negative numbers are a good thing—what's actually bubbling up behind this is a "deflationary trend." In simple terms, it means that people's willingness to consume is not strong, and they are tightening their grip on spending.

In the end, this wave of G20 inflation data is a vivid live broadcast of "extreme opposites": some are suffering in the fiery mountains of inflation, while others are shivering in the cold wave of deflation—this temperature difference in the global economy is more exaggerated than crossing the equator and polar circles!