London-Sana
The British Financial Times revealed that inflation in the world's rich economies hit its highest level in 25 years, raising widespread concerns about the rising cost of living for families and increasing pressure on central banks to raise interest rates.
The newspaper pointed out that the annual pace of consumer price growth in developed countries amounted to 5.8 percent in November of last year, compared to 1.2 percent in the same month in 2020, and the highest rate since May 1996.
The increase was driven by energy prices, which rose by 28 percent, an increase of more than three percentage points to the highest rate since June 1980, noting that inflation in the United States, the euro area and Britain reached more than double the target of 2 percent set by their central banks.
