The main US inflation data has just been released, showing an unexpected rise to 7.0% in the year to December 2021. This is the highest since the 7.1% figure reached in June 1982. Even the narrower PCE Deflator Index, closely watched by the Federal Reserve Bank, reached 5.7% in November, up a further 0.6% on October.
Already a subscriber? Login to your account
Already a subscriber? Login to your account
Reaction will be moving over to Substack from October 2024.
While our home is changing, the same content you know and love - insightful commentary on politics, economics and culture - remains the same. For new readers, we invite you to subscribe today at https://reactionpolitics.substack.com. For our existing subscribers, we will be in touch shortly to organise moving your subscriptions over to Substack without any interruption to your current experience.
Neil and Jonathan talk to Ed Conway about the raw materials that drive our economies and who controls them.
The public finances of many rich, ageing countries – Britain included – are on an unsustainable path.
The Marlboro manufacturer’s mistake is characteristic of those running industries thought to be in decline.
Subscribe to Reaction and receive unlimited access to the site, our daily email with analysis every evening and invites to online events.
© Copyright 2024 Reaction Digital Media Limited – All Rights Reserved. Registered Company in England & Wales – Company Number: 10166531.
