(IDEX Online) - 2022 proved to be a year of highs and lows, as the Index hit its highest point in over a decade, then nose-dived to close the year down 7.5 per cent overall (from 142.86 in January to 132.15 in December).Even through the pandemic, aside from the very early months of 2020, the Index was climbing, and as lockdowns and travel restrictions were eased, it surged as never before, reaching a peak in March of 156.77.Then the combined effects of the war in Ukraine, and a 40-year inflation high in the US brought it crashing down. The US Federal Reserve printed an estimated $3 trillion to support the economy during the pandemic, with the predictable consequence that prices would shoot up at home and far beyond. The Index had, as the graph below shows, been in overall decline since mid-2011, albeit with localized peaks and troughs.IDEX Online subscribers please click here to read the full story.

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