The Latest Breaking News from Inflation

Housing affordability collapses at fastest clip on record

The cost of housing is a major source of irritation for the American public after two years of pandemic restrictions and persistent inflation.

Axios · Jun 7, 2022

Cazoo to cut 750 jobs in bid to save more than £200m

Cazoo said its costs have been driven up by rising inflation and interest rates

Birmingham Post · Jun 7, 2022

Inflation is raising prices on almost everything, except rotisserie chicken

While chicken prices nationwide have increased, retailers such as Costco and BJ's are still selling rotisserie chickens for under $5. That's part of a broader strategy.

WEKU · Jun 7, 2022

London’s economic recovery shows ‘levelling up’ struggles; stagflation fears rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Jun 7, 2022

FTSE 100 Live: Australia rates rise surprise, retail sales weaken on cost pressures

Australia’s bigger-than-expected hike in interest rates today put European markets under pressure as inflation worries return to the fore.

Evening Standard · Jun 7, 2022

Newcastle NHS execs promise to 'do everything possible' to support staff hit by the cost-of-living crisis

With inflation biting. NHS staff - like many of us - are being hit hard by the rising cost of living. One NHS Trust has pledged to do whatever it can to support those affected.

Chronicle Live · Jun 7, 2022

A 'difficult' day for homeowners as Treasurer Jim Chalmers predicts more pain before inflation is brought under control

Jim Chalmers says a rise in interest rates is "difficult news" for home owners and warns life in Australia is set to become even more expensive.

ABC News · Jun 7, 2022

Expect the RBA to go easy on interest rate hikes from now on – we can't afford rates to climb as steeply as the market expects

By lifting its cash rate by 0.5 points, from 0.35% to 0.85%, the Reserve Bank has added about another $120 per month in payments for a A$500,000 mortgage.

The Conversation · Jun 7, 2022

Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation

Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers

The Guardian - AU · Jun 7, 2022

Reserve Bank hikes cash rate to 0.85 per cent

The Reserve Bank has lifted the cash rate from 0.35 per cent to 0.85 per cent in a bid to curb rising inflation. It is the second hike in as many months.

The New Daily · Jun 7, 2022