Inflation

IFAs have a tough time persuading apathetic, wealthy retirees to take action against the worrying effects of IHT and inflation, according to HFM Columbus.

Bank of England governor Mervyn King will have to write to the Chancellor yet again after inflation moved further away from the Government's 2% target in August.

Fidelity Multi-Asset Strategic fund manager Trevor Greetham has slashed exposure to commodities on expectations of a revival for government bonds and cash.

Despite inflationary worries and the Georgia conflict, the Russian economy is still experiencing a boom, according to JP Morgan.

Members of the rate-setting Monetary Policy Committee (MPC) were split three ways for the second consecutive month before opting to leave the base rate unchanged at 5% in July, MPC minutes reveal.

Chasing inflationary wage increases in a bid to guard against market instability will see inflation reaching 1970s levels, a Bank of England (BoE) member says.

Fidelity UK Aggressive fund manager Aruna Karunathilake has urged investors not to shun the UK equity market during the current high-inflation period, expecting many companies to profit from rising prices.

Inflation in the US hit a 17-year high in July as the high cost of fuel hit consumers' wallets.

Annual inflation measured by the CPI rose to 4.4% in July, up from 3.8% in June, according to the Office of National Statistics.

As stagflation hits six economies, Fidelity FundsNetwork has produced an online map allowing advisers to easily compare global growth and inflation rates.