Inflation is rocketing in the US and even surging in the UK as millions return to work, many with a wall of money to spend. Is this just a temporary phase or a return to the 1970s nightmare of sustained double-digit price increases?
The headline annual US Consumer Prices Index (CPI) rate of 5.4% in June was nearly four times higher than it was as recently as January, and growing at the fastest pace since August 2008. Meanwhile...
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