The inflation print for the September quarter was 7.3% a year, a significant jump from the previous quarter's 6.1%. It feels very much as if this episode of high consumer price inflation is going to stick around for some time to come, something we have been warning about since earlier this year.
The inflation genie seems to be out of the bottle and despite the well-intentioned, but misplaced, efforts of the centralbanks to control inflation, this one is going to run its course, which could mean years. You will only get a confirmation of this prediction when it is blatantly obvious that higher inflation is not going away. With higher inflation proving to be sticky, how should investors position themselves in this economic environment?
Firstly, consumer price inflation essentially means the prices of goods and services are rising.
