Inflation across the Anglosphere has been a massive consideration for economists, traders, businesses and the public for a number of months now, and the resultant strain is being felt by everyone in all areas of society.
The figures across the United Kingdom and United States, two nations which are home to two of the most important tradeable major currencies, have been in focus for quite a long time, and continuing to move higher. US inflation is at a 40 year high, standing at 7.9%, and inflation across the pond in Britain is at 6.2%, however the elephant in the room is the combined level of consumer price inflation (CPI) that has occurred in the European Union.
When looking at the inflation percentage across the entirety of the member states of the European Union rather than on an individual country basis, it has risen by 7.5& in the period between the beginning of this year and March 2022, which is not only much higher than the already steep inflation in the United Kingdom, but represents a record as it is the biggest increase since the euro was launched more than two decades ago....More info: blog FXOpen
