28 June 2022
Monthly Market review – Download Article
Inflation data in April continued the pattern of the past year, generally exceeding expectations, with price rises
becoming more broadly based and accelerating to multi-decade highs in the US and Europe. Strong demand,
supply chain shortages, and war in Ukraine have combined to push producer price inflation (PPI) in the US up by 11.2% in the year to March, and even stripping out food and energy prices, core PPI rose by 9.2%.