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Sam Liddle: The multi-asset recipe for when inflation heats up Don t open the oven door Sam Liddle: Sam Liddle explores how to manoeuvre multi-assets around inflation risk this baking themed article for Professional Adviser UK inflation reached 0.7% year-on-year in January, according to data released in April, with concerns mounting for a higher reading in the next couple of months. In some ways this is laughable. Over a decade since the Global Financial Crisis and we are still in a situation where a 0.7% CPI reading is seen to herald the start of a rampant inflationary period. Related articles Memories are short, or in some cases, experience is lacking - so investors (professional or otherwise) do not seem to recall far higher inflation in years gone by. ....