A 'slow-motion car crash': US inflation hits 40-year high

6.8% year-on-year rise

Lauren Mason
clock • 4 min read

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 also saw its largest 12-month increase in 30 years, having ticked up 4.9% over the last year, while also jumping 0.8% during November alone. Core CPI increased by 0.5% during the month and by 4.9% year on year. The largest contributor has been rocketing energy prices, which have increased by 33.3% over the last year. Meanwhile, the cost of food has seen its largest price increase since ...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Watch Professional Adviser's Working Lunch with Baillie Gifford - Enduring Growth in a Changing World

Catch up on the discussion

Professional Adviser
clock 21 August 2025 • 1 min read
PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

PA Awards 2025: Why MyFolio Index came out top as Best Risk Targeted Range of Funds

Aberdeen Investments Senior Investment Director and Head of Managed & Model Solutions Justin Jones shares what sets MyFolio Index apart following its Best Risk Targeted Range of Funds award win at the Professional Adviser Awards 2025.

Professional Adviser
clock 19 August 2025 • 3 min read
Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read