The Latest Breaking News from Inflation

Why AutoZone Shares Are Trading Higher Today

AutoZone Inc (NYSE:AZO) reported third-quarter FY22 sales growth of 5.9% year-on-year, to $3.87 billion, beating the consensus of $3.71 billion. EPS of $29.03 beat the analyst consensus of $26.05.  Domestic same-store sales for the quarter increased 2.6%. The gross margin decreased 54 basis points Y/Y to 51.91%. The operating margin was 20.1%, and…

Benzinga · May 24, 2022

Govt allows duty-free import of 20 lakh tonnes per year of crude soyabean, sunflower oil

NEW DELHI: The government on Tuesday exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean and sunflower oil, to ease domestic prices.

The Times of India · May 24, 2022

Slumping technology stocks pull Wall Street lower

Stocks fell in afternoon trading on Wall Street Tuesday, weighed down by a big decline in tech heavyweights over concerns about persistently rising inflation and its impact to their bottom lines

The Independent UK · May 24, 2022

State Pension could rise by £1,000 next year as inflation soars

The new state pension amount could break the £200-per-week mark for the first time

Chronicle Live · May 24, 2022

Data | Rural inflation peaks across States, except in Tamil Nadu and Kerala

The high prices of food and beverages was one of the primary drivers of rural inflation and within it, the prices of vegetables, oils and fats, and meat and fish increased the most

The Hindu · May 24, 2022

Public sector workers facing pay restraint as ministers warn of ‘inflationary spiral’

Ministers can overrule recommendations of independent pay bodies for teachers, police and NHS

The Independent UK · May 24, 2022

Wagamama owner warns food and drink inflation could hit 10%

The Restaurant Group says it still expects to meet full-year profit forecasts despite surge in costs

The Guardian - UK · May 24, 2022

Argentine bills strain wallets (literally) amid inflation drain

Argentine peso bills, devalued by years of inflation now soaring near 60%, are starting to cause a literal strain on wallets - with the largest banknote in circulation worth under $5 in commonly used exchange markets.

Reuters · May 24, 2022

Ministers warn over inflationary public sector pay awards

Ministers have warned that awarding public sector workers with big pay rises this year could fuel already spiraling inflation.

Evening Standard · May 24, 2022

Nio To Invest $32M Toward Vertical Integration Of Battery Manufacturing: Report

Nio, Inc. (NYSE: NIO) is pursuing vertical integration amid the supply crunch and input price inflation.

Benzinga · May 24, 2022