The Latest Breaking News from Inflation

Worry about stagflation, a flashback to '70s, begins to grow

Stagflation

The Independent UK · May 26, 2022

Windfall tax to fund £400 discount on energy bills

At the Spring Budget in March, Rishi Sunak spent roughly £9bn to help with the cost of living and received precious little credit for it. This is partly because at the same time, while inflation was hitting 7 per cent, the Chancellor chose to increase benefits by 3.1 per cent.…

Evening Standard · May 26, 2022

Bhutan faces grain shortages, spike in prices - minister

(Refiles to remove extraneous word in headline)

Reuters · May 26, 2022

US economy shrank by 1.5% in Q1 but consumers kept spending

The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter

The Independent UK · May 26, 2022

Qualcomm Chief Sees Prospects In High-End Smartphones, Meta Partnership Thanks To Augmented and Virtual Reality

In an interview at the World Economic Forum, Qualcomm Inc (NASDAQ:QCOM) CEO Cristiano Amon talked about growth as consumers increasingly chased "better phones," Reuters reports. Qualcomm's share with devices like the Samsung Galaxy grew from 40% share to over 75%. Qualcomm's technology powers augmented and virtual reality devices, including those made by Facebook…

Benzinga · May 26, 2022

Cost of living UK announcement in full: Rishi Sunak energy bills help and who gets what

The UK cost of living crisis is deepening with energy bills set to rise to £2,800 a year, up from less than £1,300 in the winter just gone. Rishi Sunak announced help for all Brits and targeted groups

Daily Mirror · May 26, 2022

Three key measures announced by Rishi Sunak to help ease cost of living crisis

Chancellor Rishi Sunak has announced a new wave of fiscal measures to day to help the government tackle the soaring cost of living plaguing millions of households all across the UK

Manchester Evening News · May 26, 2022

Turkish central banks keeps rate at 14% despite inflation

Turkey’s central bank kept its main interest rate unchanged for a fifth month running despite an annual inflation rate of nearly 70%

The Independent UK · May 26, 2022

Cost of living payments and a windfall tax – Rishi Sunak’s measures at a glance

Chancellor announces new policies to tackle energy costs and inflation – here are the main points, with political analysis

The Guardian - UK · May 26, 2022

Fed Explores More Aggressive Interest Rate Hikes To Counter Inflation While Weighing Associated Risks

Federal Reserve officials discussed moving the U.S. central bank to a "restrictive" policy stance to counter inflation through more fierce interest rate increases, the Financial Times reports. However, the policy could undermine the strong recovery in the jobs market.  Some Fed officials also saw risks to commodities markets stemming from the…

Benzinga · May 26, 2022