When will supply chains sort themselves out and what might that mean for inflation?

Right now, congestion in global supply chains is driving inflation higher. At some point, that will sort itself out. So will that mean an end to high inflation? Not necessarily, says John Stepek. Here’s why.

Ships queueing to dock in Los Angeles
Ships are queueing up to dock in Los Angeles
(Image credit: © Carolyn Cole/Los Angeles Times via Getty Images)

Just before I start today – make sure you sign up to attend this year’s virtual MoneyWeek Wealth Summit. We’ll be discussing all of the big issues from inflation to the energy transition to the outlook for UK markets. And more importantly, we’ll be looking at how to profit from them. Get your ticket here – and be quick, the Early Bird discount expires on Monday.

It’s hard to avoid talking about inflation again today. So I won’t.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.