Transatlantic inflation surge fuels economists’ fears of overheating

While US consumer prices rose by 5.4 per cent in June compared to a year earlier, UK inflation hit 2.5 per cent in the same period

Financial Times
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Transatlantic inflation surge fuels economists’ fears of overheating

AP

James Politi in Washington, Colby Smith in New York, Chris Giles in London and Martin Arnold in Frankfurt A surge in the pace of price growth on both sides of the Atlantic has revived economists’ concerns about the risk of overheating, piling pressure on policymakers to consider a faster withdrawal of their unprecedented pandemic-era stimulus policies. Data published earlier this week showed that US consumer prices rose by 5.4 per cent in June compared to a year earlier, the fastest pace...