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The rise in global inflation – the hit to living standards across the world
Analysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardships
- US inflation reaches 40-year high at 7.5%
- Rolling coverage of the latest economic and financial news
After decades lurking in the shadows, inflation is back. On Amazon, you can find fridge magnets printed with words spoken 40 years ago by Ronald Reagan, before the election that swept him into the White House.
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”
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