GgoogleGB first seen 30 d ago, last 3 d ago, peak #2

Inflation surges on both sides of the Atlantic

Original: cpi

New consumer price index figures show UK inflation climbing to 3.5%, strengthening expectations that the Bank of England will raise interest rates. In the United States, inflation rose to 3.7%, with the Financial Times attributing the increase to rising prices driven by the war involving Iran. Commentators describe the American inflation trajectory as an unsteady landing.

Why now: Fresh CPI data released in both the UK and US is shaping expectations for upcoming central bank rate decisions.

Bank of England United Kingdom United States Federal Reserve CNBC

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Evidence

10-year Treasury yield jumps after hot CPI, Waller half-point hike comment · CNBC
CPI Live Updates: Inflation Persists in U.S. Economy · The New York Times
October inflation data comes in hotter than expected, even as energy inflation fades · Yahoo Finance
UK inflation jumps to 3.5% — cementing rate hike expectations · CNBC
US inflation jumps to 3.7% as Iran war drives up prices · Financial Times
American inflation’s unsteady landing · The Economist

Elsewhere

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