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US inflation may be peaking, but Putin’s price premium will continue to grind in Europe

David Chance


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Russia's latest threat would see Ireland and the rest of Europe wiped out

Russia's latest threat would see Ireland and the rest of Europe wiped out

Russia's latest threat would see Ireland and the rest of Europe wiped out

Inflation in America is far from dead – it is still running around four decade highs and no one knows where it will settle – but there are signs the pace at which it has been rising may now be moderating, bringing some relief to hard-pressed households.

In Europe, however, we are likely to see month-after-month of new records thanks mainly to Russian President Vladimir Putin and his invasion of Ukraine which has driven energy prices sharply higher.


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