Inflation in the U.S. soared to 8.5% in March, the fastest 12-month rise since 1981. Annual inflation moderated in April, but the Consumer Price Index still increased at a rapid pace. The eurozone has also witnessed record high inflation. And emerging markets, which are more vulnerable to shocks, are feeling the pain. Where is inflation heading? Can governments and central banks find effective tools to stabilize prices?

To explore these questions and more, we've invited Jim Rogers, an international investor; Michele Geraci, former Under-Secretary of State of the Ministry of Economic Development of Italy; and Wang Dan, Chief Economist of Hang Seng Bank China.