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Snap AV: inflation isn’t long in the memory

Snap Inc updatesSign up to myFT Daily Digest to be the first to know about Snap Inc news. FT Alphaville knows you’re bored of talking about inflation. But sometimes, there’s a drum to bang and you gotta, well, you know, bang it. Particularly since the Bank of England just raised its fourth quarter inflation forecast to a whopping 4 per cent plus. A whole 200 basis points above its medium-term inflation target.Now while it’s all well and good stating “it’s energy and supply chains wot done it”, we thought it was worth highlighting this chart that just landed in our inboxes from Deutsche Bank’s morning macro specialist Jim Reid. It demonstrates just how unusual a situation this inflation spike is for the Old Lady of Threadneedle, and other central bankers across developed

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