Business
A slew of European inflation data hit the tapes yesterday and we saw massive moves at the short end of European yield curves as investors started to price a whole 25bps in ECB rate hikes this year . It probably isn’t much consolation that the US isn’t alone in struggling with the highest inflation in 40 years. In the European Union, prices are rising faster than at any time since the euro currency was introduced. Recently Stats SA reweighted the CPI basket and its clear we are drinking more gin to cope with the current sad state of the nation. To talk about the inflation bogeyman facing consumers and policymakers around the world Michael Avery is joined by Investec Chief Economist Annabel Bishop and Mike Schussler, of economists.co.za