The Latest Breaking News from Inflation

Martin Lewis issues warning to 2.6million people on benefits as DWP switchover begins

More than 2.6million people on legacy benefits will start to be moved over to Universal Credit from this week in an automatic process that was previously halted due to the Covid-19 pandemic

Daily Mirror · May 10, 2022

Labor leader Anthony Albanese backs minimum wage increase in line with inflation

In an unusual move, Opposition Leader Anthony Albanese endorses a 5.1 per cent increase to the minimum wage as inflation skyrockets.

ABC News · May 10, 2022

Northern Tasmania needs more people, and businesses want government help to get them

Businesses in the marginal Liberal seats of Bass and Braddon want help getting people to the island. They also need somewhere to live.

ABC News · May 10, 2022

California Democratic supremacy tested by crime, inflation

With rising crime fears, a homelessness crisis and soaring prices, Republicans hope California's troubles will help create a pathway for some rare wins in the heavily Democratic state

The Independent UK · May 10, 2022

Martin Lewis' warning to anyone on Universal Credit

The MSE founder has also given advice on how people on Universal Credit could get up to £1,200

Liverpool Echo · May 10, 2022

Shoppers cut back on spending due to surge in cost of living

Sharp downturn in consumer confidence prompts consumers to 'put brakes' on shopping and eating out

Wales Online · May 10, 2022

Election 2022: Anthony Albanese backs 5.1% minimum wage rise to keep pace with inflation

Labor leader says he ‘absolutely’ supports increase, after earlier declining to commit to figure pushed by unions

The Guardian - AU · May 10, 2022

Explainer: What pulled rupee down to its lowest value?

NEW DELHI: The rupee closed on Monday at a new all-time low of 77.50 against dollar breaching the previous record of 77.05 earlier in day.

The Times of India · May 10, 2022

S.Korea's Yoon suggests 'audacious' economic plan if N.Korea abandons nukes

South Korea's new president, Yoon Suk-yeol, said on Tuesday that North Korea's weapons programmes pose a threat but that he is ready to provide an "audacious" economic plan if the North is committed to denuclearisation.

Reuters · May 10, 2022

Elizabeth Warren grabs center stage

The Massachusetts senator's influence pervades the party.

Axios · May 10, 2022