APAC executives are expecting a temporary spike in inflation this year in the Asia-Pacific region but there are some who are urging that it could be more than that, that there is the potential for bigger problems.

They are acknowledging that there is a growing risk for inflation that might last longer than just a short amount of time, it might pose a greater threat.

There are already a growing number of countries today that are dealing with crippling and growing inflation.

Some have seen prices for basic goods surge 100-400% or more. And as this inflation problem grows we have watched as millions have fallen into poverty around those regions and suffer because of it.

COVID-19 has obviously impacted countries differently around the world.

Millions of people in developing countries, as well as other countries around the world, all of a sudden had to drastically change their diets because of the economic impact that the pandemic had on markets and incomes.

And now there seems to be a growing list of countries that are worried about, and who are poised for, some inflation problems to come down the road.

Numerous countries are reportedly facing a problem that might see inflation rise and who knows how quickly it might get out of hand.

We have seen politicians scramble before to get control of such a situation only to fail miserably. It is going to be more difficult for some to make a comeback than it will be for others to work back on their recovery.

Still, despite some saying there is cause to worry, others say that it won't be anything that lasts long, that some countries with inflation concerns are set to possibly outperform others.

Is everything about to get more expensive?

In general, some have urged that there is nothing to worry about. That there is no inflation coming while a growing number of individuals are starting to warn otherwise.

The people who are saying ‘don’t worry about inflation’ don’t walk you through the numbers. They don’t explain why someone might think these numbers are scary,” J. Gagnon, senior fellow at the Peterson Institute of International Economics.

When it does start to show itself we can expect that many people will go looking for other options in the market and that is going to lead them to crypto.