Inflation
The US rate of inflation reached 7 per cent on Thursday 13 January – the highest it has been for 40 years. From a low of 1.4 per cent in January 2021 the US inflation rate has increased each month this year reaching its 7 per cent high in December. This is a pattern reflected in other countries with EU inflation running at 5.2 per cent and the OECD (which represents more than 30 of the world's largest economies)...