Inflationary tensions heighten as US sees fastest rise in consumer prices since 1990 

October price surge revealed in the the US consumer index has exceeded analysts' expectations

Global inflationary tensions have heightened on the back of the US reporting its fastest surge in consumer prices since 1990.

The latest American consumer price index — for October — showed inflation rising by 0.9% on September levels. On a year-on-year level, US consumer prices increased by 6.2% in October. Both gains exceeded analyst expectations.