Key takeaways

• The US inflation rate is currently at 7.7%, which remains high by historical standards.
• However, on a global scale it looks practically miniscule, with some countries currently experiencing over 200% inflation.
• On the other end of the spectrum, many Asian countries have managed to keep inflation down around 2%.

We may not be hearing quite as much about inflation at the moment, but that doesn’t mean it’s gone anywhere. It may have started to come down in the United States, but it still remains at near record high levels.

The rate of 7.7% in October is still the highest figure we’ve seen prior to 2022 since 1982.

With the Fed determined to bring the rate down, we’ve seen four consecutive rate hikes of 0.75 percentage points. This is the fastest rate of increase experienced in 35 years, with more increases almost certainly on the cards over the next 12 months.