The global equity markets are witnessing a sizeable correction. The reason? Credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the world’s largest economy, reported that its inflation rose 4.2% in April from the year ago period – a jump that is far higher than many analysts expected. The surge in retail prices in the US is the highest since 2008. The unchanged reading in retail sales last month followed a 10.7% surge in March, an upward revision from the previously reported 9.7% increase. In this week’s Beyond Just Money, we discuss inflation and how the worry of rising inflation is raising concerns across the globe.

   

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