The cost of bringing down inflation in India, U.S. and U.K.

Rising crude oil prices above $120 amid the West Asia conflict have reignited global inflation concerns, putting central banks like the Fed, Bank of England, and RBI under pressure. This analysis explores how interest rate hikes between 2022 and 2025 impacted inflation, growth, and the “sacrifice ratio” across the U.S., U.K., and India—and what a new energy shock could mean for inflation, currencies, and economic stability in 2026.