The Latest Breaking News from Inflation

FTI urges maintaining diesel price subsidy

Thailand's inflation rate is expected to stand at 4-5% throughout this year, prompting the need for the government to maintain its diesel price subsidy programme, says the Federation of Thai Industries (FTI).

Bangkok Post · Jun 5, 2022

Soaring inflation ‘worse than Covid’, 1 in 5 businesses say

Almost a third of businesses said they had stopped hiring new staff

Evening Standard · Jun 5, 2022

Alan Kohler: It’s 1973 all over again, but with a greater energy cost for Australia

After a century of gearing the entire global economy to burning fossil fuels, it was never going to be easy or cheap to switch to sunshine and wind.

The New Daily · Jun 5, 2022

Home expensive home

Many homebuyers are feeling the pinch as inflation in construction sector makes their dream homes costlier

The Hindu · Jun 5, 2022

Biden scrambles to avoid Americas Summit flop in Los Angeles

When leaders gather this week in Los Angeles at the Summit of the Americas, the focus is likely to veer from policy issues like migration, climate change and inflation and instead shift to something Hollywood thrives on: the drama of the red carpet

The Independent UK · Jun 5, 2022

How can F1 break the deadlock over competing cost cap desires?

We’re already in June with seven races of the 2022 Formula 1 season completed and there's still no sign of any agreement on an upward adjustment to the cost cap.

Autosport · Jun 5, 2022

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet

The Independent UK · Jun 5, 2022

Nigeria has just hiked interest rates: why it's the wrong recipe for curbing inflation

The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately.

The Conversation · Jun 5, 2022

‘We’re still struggling’: low unemployment can’t hide impact of low wages and rising inflation

Workers in Las Vegas are still feeling the effects of employers’ pandemic cuts – all made worse by rising inflation and low wages

The Guardian - US · Jun 5, 2022

Yellen wanted Biden relief plan scaled back, biographer says

WASHINGTON — Janet Yellen, worried by the specter of inflation, initially urged Biden administration officials to scale back the $1.9 trillion American Rescue Plan by a third, according to an advance copy of a biography on the Treasury secretary.

Tribune News Service · Jun 4, 2022