Markets

Demography and government debt

Inflation is biting. I have been sceptical that this was a wage-driven phenomenon given that in early December that UK private-sector employers expected to raise wages lower than inflation, while most public sector employees would struggle to get that....

With CPI soaring to four-decade highs, G10 central banks have been struggling to regain their inflation-busting credibility that is being ridiculed by persistently higher data, and which has forced them to throw “transitory” out the window.

30-year high

5.5% in January

As we look ahead to the rest of 2022 the biggest question for investors around the world will continue to be around inflation.

Wage growth outpaced by inflation

Highest rate since 1940

7.5% CPI in January