US inflation reaches highest peak in 40 years

Comes after UK inflation reached highest level in a decade in November

clock • 1 min read
Quilter Investors portfolio manager Hinesh Patel
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Quilter Investors portfolio manager Hinesh Patel

US inflation climbed to 7% in December 2021, reaching the highest level since June 1982.

It came after UK inflation reached its highest level in a decade, 4.2%, in November 2021. The inflation rate in the US was driven primarily by shelter, used cars and food, with energy falling slightly...

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