Image:
Energy costs have soared 4.8% over the past month alone, with the figure up 30% year-on-year.
US inflation has surged to its highest level since 1990, as October’s consumer price index recorded a year-on-year increase of 6.2%, and a month-on-month increase of 0.9%.
The figure shoots past consensus expectations, which had pegged the rise at 5.8%, while core inflation figures, excluding food and energy, rose 4.6% compared with last year. Energy costs have soared...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
