Fastest rise in inflation since 2008 sets alarm bells ringing

Fastest rise in inflation since 2008 sets alarm bells ringing

Yahoo! Finance—Inflation in advanced nations is rising at the fastest pace since 2008, sparking fresh concerns over the state of the global economy in the wake of the pandemic. The annual rate of inflation among the Organisation for Economic Cooperation and Development’s 38 members averaged 3.8pc over May, up from 3.3pc in April. The figures…