US price rises hit highest level for 40 years

“While the cost of living is going up and up, all support measures have expired and no new ones have been introduced, which will likely dent consumer confidence. And rising rental equivalent costs continue to spiral in the background, indicating longer-term inflationary problems,” said Robert Alster, chief investment officer at Close Brothers Asset Management.

Recent Posts

Missguided fashion chain on the verge of collapse

A Missguided spokesperson said: "Missguided is aware of the action being taken by certain creditors of the company in recent days and is working urgently to address this. A process to identify a buyer with the required resources and platform for the business commenced...

read more

Business confidence is falling, says Natwest boss

Three years after she took over the top role from Ross McEwan, and renamed Royal Bank of Scotland, or RBS, with the Natwest brand, Ms Rose said that the impact of inflation, higher interest rates and the invasion of Ukraine has caused a "concern" for business about...

read more