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The Latest Breaking News from Inflation

New petition calls for DWP benefits to increase in line with current rate of inflation

The petition highlights a looming ‘poverty emergency’ for the UK.

Daily Record

Primark to hike prices on clothes as business costs rise

The fashion chain has warned it will make "selective" increases as pressures from inflation start to bite

Birmingham Post

Back to the 70s: Primark to put prices up as boss warns on inflation spiral

FRESH fears about how bad inflation could get were stoked today when Primark boss George Weston warned we are “back in the 1970s” and an influential data group said food prices are rising at the fastest for 11 years.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Tesco unveils huge Clubcard shake-up affecting anyone with points or vouchers

The supermarket giant, famed for its Clubcard promotions, will no longer send out paper statements or vouchers to selected customers under a shake-up to be unveiled in the coming months

Daily Mirror

Lori Borgman: Living in the days of less is more

The vocabulary intended to soften the blows of blistering inflation is a testimony to creativity. Economists keep talking about consumers experiencing shrinkflation. They don't mean consumers are shrinking (although you do look amazingly trim); they mean the products we buy are shrinking, but the prices are not.

Tribune News Service

Government borrowing overshoots forecasts in March as interest payments jump by 50%

Government borrowing more than halved last year as Covid-19 support schemes and health investments wound down, but interest payments on the UK’s debt pile are rising fast.

Evening Standard

Asian shares advance on back of rally on Wall Street

Asian shares are mostly higher after U.S. stocks stormed back from sharp losses to log strong gains

The Independent UK

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NZ opposition leader popular but battling

New Zealand's alternative prime minister Chris Luxon has battled his way through a series of interviews on tax policy, Maori health and diversity in his party.

AAP

India's foreign minister says ready to step up on global issues

India is prepared to take a much bigger role in global affairs and would help the world with more supplies of wheat to tame food inflation if WTO rules allow, Foreign Minister Subrahmanyam Jaishankar said on Tuesday.

Reuters

Asia facing ‘stagflationary’ risks, IMF official warns

Senior official points to Ukraine war, soaring commodity prices and China’s economic slowdown as risks to the region.

Al Jazeera

There are 4 economic wildcards between now and election day. The first gets played this week

There are four economic wildcards between now and the election, and we know exactly when each will be played.

The Conversation

Universal Credit: 12 ways claimants can get more cash

Campaigners warn those on benefits face a real-term cut to their income

Liverpool Echo

4 takeaways from Monday night’s Pennsylvania Democratic Senate debate

PHILADELPHIA — They don’t want to “defund the police,” but they do want to end the Senate filibuster.

The Philadelphia Inquirer

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Reuters

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Al Jazeera

‘Hurting the vulnerable’: Indonesia’s palm oil ban ignites prices

Ban on palm oil exports adds to global food security fears amid poor harvests and the war in Ukraine.

Tribune News Service

There's a lot of talk about recession. What should you believe?

In spring two years ago, the coronavirus pandemic threw the U.S. economy into recession. Last spring, the proliferation of vaccines swung it into a rapid expansion.

Daily Mirror

Boris Johnson orders Cabinet to ease cost-of-living crisis - weeks after his tax hike

It comes only a month after the Spring Statement was slammed for failing to do enough for struggling families paying the biggest energy bills rise on record

Chronicle Live

DWP to hammer up to 900,000 people with benefit freeze as they move to Universal Credit

Up to 900,000 of the 2.6m ‘legacy’ households will be worse off long-term under UC, the Department for Work and Pensions (DWP) has admitted

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Bangkok Post

Global growth engines sputtering

The International Monetary Fund's revised World Economic Outlook (WEO) is sobering. It is rare for the organisation to revise down sharply its projections for economic growth just one quarter into the calendar year. Yet in this case, it has done so for 86% of its 190 member countries, resulting in…

StockNews.com

3 Momentum Stocks to Add to Your April Buy List

The major market indexes have tumbled lately on concerns about how aggressive the Federal Reserve will be with interest rate hikes to fight inflation. So, it could be wise to invest in Marathon Oil (MRO), Arch Resources (ARCH), and Reliance Steel & Aluminum (RS), which have been able to gain…

Benzinga

Markets Pare Early Losses As Musk-Twitter Agree On Buyout Deal

U.S. indices pared early losses and closed higher Monday. Markets were trading lower to start the session as stocks continued to fall after the Fed last week indicated it may move more quickly on rate hikes to combat inflation. China’s COVID-19 outbreak has also added to global macro uncertainty.

ABC News

Inflation surge could see super-sized interest rate hike in June, economists warn

The latest official inflation figures are expected to be the highest since the global financial crisis, and at least one leading economist warns they could trigger an extra large first interest rate hike from the Reserve Bank.

Newsroom.co.nz

Omicron’s arrival in Beijing could lead to more supply chain disruption

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

StockNews.com

Income Investors: 1 High-Yield Stock to Buy, 1 to Avoid

The market opened in the red today amid fears of a looming global economic slowdown. Moreover, with the Fed committed to raising rates to combat rising inflation and the Russia-Ukraine war creating its own uncertainties, stock market volatility might increase. Given the market turbulence, we believe high-yield stock Star Bulk…

The Hindu

Anchoring inflationary expectations

Actual individual experiences shape economic behaviour

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Subrahmanyam Jaishankar

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