A 'slow-motion car crash': Industry reacts to US inflation hitting 40-year high

6.8% year-on-year rise

Lauren Mason
clock • 4 min read
The US headline Consumer Price Index rose 6.8% during November on a year-on-year basis
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The US headline Consumer Price Index rose 6.8% during November on a year-on-year basis

US inflation figures for November coming in at a 40-year high depict a “slow-motion car crash” for the world’s largest economy, according to some investment professionals, who warn the data, while in line with expectations, will be “grabbing economic and political attention” across the globe.

According to figures released today (10 December), the US headline Consumer Price Index rose 6.8% during November on a year-on-year basis, marking the highest inflationary rise since 1982. The index...

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