Britain feels the impact of record inflation as rates soar worldwide

Americans aren't the only ones feeling the impacts of high inflation rates. In Britain, record inflation rates have recently sent shockwaves across industries. 

Richard Pickering, the Director of Kennedy Fish and Chips in London, says the fallout from Brexit, COVID-19 and the war in Ukraine have increased costs for ingredients up to 25 to 30%. 

"Most of it comes from Russian Steppes or Ukraine and that supply is just not available at the moment," Pickering told CBS News foreign correspondent Roxana Saberi.