According to the Fed's Board of Governors, the key term is "Geopolitical Risk" (see link)

and specifically, Putin's war in Ukraine. Note that Russia is not immune to inflation either, and their rate well above average too, without the full effect of a European shift in energy sourcing hitting it yet.

Back in Feb/Mar when this all began, a large majority here in the U.S. understood...at least in their minds...that there would be a price to pay for opposing Putin...inflation is part of that price.

Link: https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-the-war-in-ukraine-on-global-activity-and-inflation-20220527.htm