The United Kingdom’s Consumer Price Index (CPI) increased by 10.1% in July in comparison to the same period a year earlier, the report from the Office for National Statistics showed on Wednesday. The figure came in above analysts’ expectations of 9.8% and saw a rise from June’s figure of 9.4%, marking a fresh 40-year high. Month on month, consumer prices were up 0.6%. Core CPI in July jumped 6.2% year on year. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) soared 8.8% in comparison to July 2021, while the reading was 0.6% up compared to the month prior. Meanwhile, the producer input and output price rates saw annual growths of 22.6% and 17.1% in July, respectively, as food products, and metals and non-metallic minerals provided the most significant upward contributions. In comparison to June, the output data rate was up by 1.6%, and the input figure rose 0.1%. NN: THEIR IS NO DOUBT ABOUT….. IT WE ARE IN A GLOBAL HYPERINFLATION! I do not care how much smoke they blow about inflation moderating (like cancer from time to time it will go in remission) it will come back bigger and badder then ever. Here is the secret… Central Banks the world over have got to get their funds rate over the inflation rate and keep it their for 6 months to a year…..Talk about miserable chemotherapy…. If and when they accomplish this the patient will be near dead… In another words the world will be in a massive inflation/depression and the real estate and stock market crashes will have erased wealth like never seen before. And my reco is to sell real estate and short the shit out of the stock market