UK inflation soared to a 41-year high of 11.1% in the year to October 2022, according to figures from the Office for National Statistics. In the two months since it has fallen, first to 10.7% in November and then to 10.5% in December. But it remains more than five times the official target of [...]
In May 2022 UK inflation reached its highest level in 40 years. Inflation has risen almost every month since August 2020 and this is not going away imminently, with the Bank of England forecasting that CPI inflation will rise to 11% by October 2022. The same story is true across much of the developed [...]
Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates. Understanding inflation is crucial to investing because it can reduce the value of investment returns. With inflation rising recently after several years of relative calm to its highest level in four [...]
