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The Latest Breaking News from Inflation

New Delhi extends assistance of more than $3 billion to Sri Lanka in 2022: Indian High Commission in Colombo

On Monday, India had extended its current credit line by a further $200 million to replenish Sri Lanka’s rapidly depleting fuel stocks

The Hindu

UK interest rates over time - When were mortgage rates at their highest?

Mortgage rates reached an all time high in 1998

Wales Online

The rich get poorer

The bottom 90% of earners are seeing their income keep up with inflation.

Axios

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BSE smallcap, midcap indices skid up to 4% this year so far; sensex down 2%

NEW DELHI: The BSE smallcap and midcap indices have underperformed the benchmark gauge so far this year, falling up to 4 per cent, with experts saying a hawkish US Fed and soaring inflation may lead to more market volatility in the near term.

The Times of India

PM Boris Johnson admits he's not doing enough in the cost of living crisis

The comments came in an interview on Good Morning Britain

Nottingham Post

Tesco Clubcard price differences, new rules and why supermarket has been criticised

The news comes as the cost of living crisis continues to cripple UK households.

Daily Record

Therese Raphael: Boris Johnson has partied his way to a midterm thrashing

Britain’s Tories have been in power for a long time and incumbents generally get a midterm beating. So, of course, Boris Johnson is expecting a slapdown in local government elections on Thursday.

Tribune News Service

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Pensioners set to lose hundreds of pounds a year in cost of living hit

Those on final salary deals are likely to be affected

Wales Online

Is This a Bull Trap?

The stock market is in the midst of a brutal correction. Despite Monday's bounce, investors should remain cautious as there remains a considerable downside risk. Read on to find out how the POWR Growth portfolio continues to outperform the S&P 500 (SPY).

StockNews.com

Boris Johnson sounds alert over mortgage payment hikes as cost of living crisis grows

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

Evening Standard

How palm oil prices are affecting the global economy

The prices of cooking oil are rising. Why that could put global security at risk.

WEKU

Local elections 2022: Greens have answers where old parties are failing

This country is in crisis. Inflation sky-rocketing, more and more people having to rely on foodbanks or choose between heating their home and eating, millions of children in poverty. There is a horrific war in Europe, and the climate emergency is only getting more urgent.

Evening Standard

Inflation, recession and the 2022 midterms - Roll Call

The current economic issues of inflation and low growth could put Democrats at a disadvantage in the 2022 midterms.

Roll Call

More than 100 Post Offices closed today as 2,000 workers strike over 'insulting' pay

Post Office workers at 114 branches have started a 24-hour strike today, in a dispute over an “exceptionally poor” pay rise. It comes as the UK rate of inflation hit a new 30-year high of 7%

Daily Mirror

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Daily Record

Asda boss issues statement to shoppers as food costs continue to soar

Lord Rose said the government needs to do more to help consumers.

Birmingham Post

Over 16,000 Welsh firms in significant financial distress under rising inflation

Nearly a third of these businesses were in Cardiff and Swansea

The National (Scotland)

Boris Johnson brags about free bus passes after hearing tragic case of pensioner

BORIS Johnson has bragged about introducing free bus passes for pensioners after being told that an elderly woman is forced to spend all day on…

The Guardian - AU

Labor says rate rise highlights PM’s shredded credentials but Morrison insists it’s part of pandemic journey

Scott Morrison says Reserve Bank has ‘made a very important statement about where we are now in our journey out of this pandemic’

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Daily Mirror

Boris Johnson boasts about free bus passes when told OAP rides them all day to keep warm

Prime Minister Boris Johnson was put under pressure over the cost of living crisis by ITV's Susannah Reid as she asked questions on behalf of viewer Elsie

WEKU

4 things to know as the Fed embarks on its biggest fight against inflation in years

The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.

The Independent UK

Johnson acknowledges ‘more that we can do’ to tackle cost-of-living crisis

Prime Minister Boris Johnson warned about the danger of fuelling an inflationary spiral if Government intervention was not carefully controlled.

Birmingham Post

Revealed: The number of profit warnings issued by listed companies in the Midlands and how they compare

There are warnings that inflation could peak at 9 per cent or even hit double digits in the autumn

Evening Standard

McColl’s suspends shares as rescue talks delay results

The convenience chain store is desperately trying to avoid collapse as supply chain issues, inflation and high debt weigh on the business

The Conversation

RBA Governor Philip Lowe is hiking interest rates. Worst case, it'll mean an extra $600 per month on a $500,000 mortgage

Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%.

Reuters

Global problems may exacerbate shortages in N.Korea's isolated economy

North Korea's isolated economy will not be insulated from global economic headwinds caused by the Ukraine war and the COVID-19 lockdowns in China, analysts said, with recently resumed border trade taking a hit and inflation exacerbating food shortages.

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