The Latest Breaking News from Inflation

Williams Racing Fined for ‘Procedural Breach’ of F1’s Cost Cap Rules

The larger teams have already said it’ll be a struggle keeping within the limits this season due to inflation and freight costs.

Sports Illustrated · Jun 8, 2022

Super fund returns set to fall amid rising inflation and interest rates

But economists say pulling money out of retirement savings to try to pick the market can result in further losses

The Guardian - AU · Jun 8, 2022

Prayut urges steady interest rates

Prime Minister Prayut Chan-o-cha called on the central bank to maintain its policy interest rate on Tuesday to curb a capital flight and support the domestic economy.

Bangkok Post · Jun 8, 2022

Letters to the Editor: June 2022

On patient rights, self-diagnosis, and the high stakes of rising inflation

The Walrus · Jun 7, 2022

The shadows over global growth recovery are long

The developing economies have to prepare for tighter financial conditions and spillovers from geopolitical volatility

The Hindu · Jun 7, 2022

Janet Yellen tells Congress US faces ‘unacceptable levels of inflation’

Treasury secretary admits she regrets describing inflation as ‘transitory’ and says it is ‘top economic problem at this point’

The Guardian - US · Jun 7, 2022

Yellen: inflation to 'remain high;' hopes it's 'coming down'

Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell “could have used a better word” than transitory when describing the expected run of inflation in the U.S. economy

The Independent UK · Jun 7, 2022

Chalmers does not see risk of recession

Treasurer Jim Chalmers says he is not worried about the Australian economy going into recession, but he acknowledges inflation poses a major challenge.

AAP · Jun 7, 2022

NSW public service strike after pay offer

NSW public sector workers are on strike, saying they deserve a pay rise above inflation after a decade of wage restraint.

AAP · Jun 7, 2022

Defence faces budget blowout with Aukus nuclear submarines to cost more than scrapped French project

New analysis says major programs often end up costing more than is budgeted for and predicts inflation will impact on defence budgets

The Guardian - AU · Jun 7, 2022