Inflation measured against a year ago continues to be high, reaching levels last seen 40 years ago. Clearly energy was a big contributor Food also was higher, but we saw some indications that supply chain issues are easing.
We are reaching a period where last year we saw significant month over month increases. As the historical pace of inflation increased, the year over year increase measured today will get smaller. Theat might be deceptive as the factors influencing current inflation are unchanged.
We are seeing the increased impact of the Russian invasion of Ukraine
It adds risk and risk results in more volatility as people seek less risky investments.
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