For me the most obvious explanation is export of inflation from USA: USA printed abnormal amount of unsecured money, and since USD is a world reserve currency, prices begin to rise everywhere. USA doesn't produce enough goods and services to offset the amount of money they print. With every start of their money printer the whole world becomes more poor.
I wish there would be a way to somehow disconnect the cancer tumor of USD from the rest of the world. But I'm not an economist and don't know the way to do it and what if the owner of the next currency chosen for reserve currency start to exploit its position for their own benefit like USA now.