Inflation

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.

Alistair Darling must avoid at all costs the temptation to tamper with the Bank of England's inflation target, one of the members of the Monetary Policy Committee has warned, The Telegraph reports.

Oil prices are easing after meteorologists predicted Hurrican Dolly would not pose a threat to offshore oil platforms.

The Consumer Price Index (CPI) reached a ten-year high of 3.8% in June from 3.3% in May, according to the Office for National Statistics.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep rates on hold at 5%.

G8 world leaders have pledged to take individual and collective action to tackle global inflationary pressures.

iShares plans to extend its inflation-linked bond ETF range, as concerns over inflationary pressures remain top of the agenda for the global economy.