Inflation - should we be worried?
A year ago, the big worry was depression and deflation, but the big worry now appears to have shifted to inflation. Just as share markets surprised with their rebound, and economic conditions did the same, now it seems inflation will do likewise. But what’s driving higher inflation? Is the inflation surge permanent or transient? What’s the longer-term inflation outlook? What will it mean for investment markets? And what are the best hedges against higher inflation?