The Latest Breaking News from Inflation

Anthony Albanese has some tough economic problems on his plate. Here are seven of them

From sluggish wages to red-hot inflation, there are some unusual things happening in Australia’s economy

The Guardian - AU · May 25, 2022

'You Have To Look At Everything': Salesforce's CEO On How Growth Companies Can Survive This Market

Tech stocks are tumbling as the Federal Reserve wrestles with inflation in what is expected to be the central bank's most aggressive tightening cycle in more than 40 years. 

Benzinga · May 25, 2022

DWP Universal Credit emergency cash boost worth £700 proposed for June

The cost of living crisis is continuing to worsen for households across Scotland and the UK — and the energy price cap is set to soar by more than £800 in October

Edinburgh Live · May 25, 2022

Cost of living crisis: Poorer households face even higher inflation, Institute for Fiscal Studies warns

Poorer households may face an eye watering inflation rate of 14 per cent, the influential Institute for Fiscal Studies has said, after the boss of energy regulator Ofgem warned bills will soar even higher this autumn.

Evening Standard · May 25, 2022

Treasurer Jim Chalmers warns of ‘dire’ budget situation as inflation soars

Labor says deficit could blow out further while accusing the Coalition of failing to disclose budgetary pressures

The Guardian - AU · May 25, 2022

Bank of England chief economist Huw Pill on inflation, interest rates and the labour market

He believes interest rate rises could have some say to go while whether those who left the workforce due to the pandemic will return is a big question for the UK economy

Birmingham Post · May 25, 2022

Inflation for poorest households ‘could reach 14%’ amid surging energy bills, IFS warns

In comparison, benefits for the poorest families were uprated by 3% in spring

The Independent UK · May 25, 2022

Heriot-Watt re-launches business incubator to help entrepreneurs

The programme will be free to apply to this year in response to the cost-of-living crisis and rising inflation

Insider UK · May 25, 2022

New Zealand’s central bank lifts rates to 2%, the highest level since 2016

Reserve Bank ‘resolute in its commitment’ to keep inflation in the 1-3% target range, signalling further rate rises may still be needed

The Guardian - AU · May 25, 2022

Politics with Michelle Grattan: Treasurer Jim Chalmers on the 'spiky' parts of Australia's inflation problem

New treasurer Jim Chalmers has been in multiple briefings since Sunday, and the message he sends in this podcast is that he is not going to try to gild the economic lily with the Australian community.

The Conversation · May 25, 2022