Inflation Dishes Out Another Nasty Surprise: All Heck Breaks Loose in UK Services CPI & Core CPI, with Scary Monthly Spikes & Multi-Decade Year-over-Year Highs (chickens coming home to roost after more than a decade of BoE’s deranged money-printing)
via wolfstreet: Food Inflation Raged at 19%. But energy prices plunged. In response, UK government bond yields spiked, pricing in higher BOE policy rates. No one ever seems to expect these nasty surprises that this inflation continues to dish out. …
