CPI

Highest since 1981

6.2% in February

Supply chain bottlenecks the main cause

Driven by rising fuel costs

Will pressure on costs ease?

At least 2.5% per annum

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.

In a further sign inflation is becoming an endemic issue, the US consumer price index hit 7.5% in January - its highest level since 1982.

In the faintly surreal early days of 2020, as shops emptied of essential goods, it must be said that Wodehouse’s prognosis came true