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The Latest Breaking News from Inflation

RBA deputy denies rate cut contradicted own forecasts

The Reserve Bank board did not disagree with its own staff over its inflation forecast as some commentators have suggested, deputy governor Andrew Hauser says.

AAP

Trump's Secretary of Agriculture: Raise Chickens Like I Do to Combat Surging Egg Prices

Trump administration Secretary of Agriculture Brooke Rollins recently addressed rising egg prices, suggesting that Americans struggling to cope with inflation should begin maintaining backyard coops and produce their own eggs.

Latin Times

Why are potato chips still so pricey?

Inflation-weary consumers are turning to cheaper, generic chip options over their favorite brand-names

Salon

From analysis to the latest developments in health,
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Gifts from top 50 US philanthropists rebounded to $16B in 2024 − Mike Bloomberg; Reed Hastings and Patty Quillin; and Michael and Susan Dell lead the list of biggest givers

The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul…

The Conversation

Grocery price inflation holds steady amid warnings of rises later in year

Grocery price inflation has remained at 3.3% after falling from 3.7% in December – its highest level since last March, according to analysts Kantar.

Evening Standard

The great rental slowdown? London rent rises shrink (for now) ahead of anticipated reforms

With London rents up 1.1 per cent, tenants in the capital now pay an average of £2,166pcm

Evening Standard

Food prices rise at third fastest monthly rate in a year

Breakfast, in particular, got more expensive as butter, cheese, eggs, bread and cereals all saw price hikes.

Evening Standard

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Treasury Secretary Scott Bessent sees inflation plummeting to the Federal Reserve’s 2% target despite Trump’s tariffs

Bessent blamed “four years of disastrous policies,” for scorching inflation, claimed the current administration was working everyday to lower prices, and China would eat any tariffs.

Fortune

Eurozone Inflation Eases, ECB Likely To Cut Rates

European inflation drops to 2.4% in February, signaling potential ECB rate cut and economic concerns.

Top News

Trump To Highlight Accomplishments And Future Plans In Congress Address

President Trump's upcoming address to Congress will focus on achievements, future plans, and key policy areas such as inflation, tax reform, and global peace.

Al Jazeera

Iran’s economy minister impeached as inflation rises, currency falls

Hemmati removed from office after 182 of 273 lawmakers vote against him as rising cost of living fuels discontent.

The Independent UK

As train fares rise, my ruses to keep ticket prices down

The Man Who Pays His Way: I’ve spent my life travelling by train, and I try not to pay a penny more than I need

MarketBeat

MarketBeat Week in Review – 02/24 - 02/28

Stocks tried to stage a weak rally to close the week but the short-term outlook will continue to be dictated by the uncertainty that is creating volatility

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InsideEVs

Public EV Charging Was Already Getting Worse. Then Trump Killed Federal Funding

The last time I spoke with J.D. Power, things looked grim. The auto market is in a weird state of flux, as President Trump’s policies and helter-skelter tariff threats make things very hard to predict. Plus, the likely dismantling of the Inflation Reduction Act will have a chilling effect on…

Barchart

Dollar Finishes Higher on Tariff Woes and Geopolitical Risks

The dollar index (DXY00 ) Friday rose by +0.35% and posted a 2-week high. The dollar climbed Friday on positive carryover from Thursday when President Trump said that the proposed 25% tariffs on Canada and Mexico will go into effect on March 4, and China will likewise be charged an...

The Conversation

US inflation has increased since Trump took office – why prices are unlikely to come down soon

The cost of living crisis, which saw inflation in the US peak at a four-decade high of 9.1% in 2022, played a significant role in determining the outcome of last November’s presidential election.

Barchart

Stocks Climb as Inflation Concerns Recede and Chip Stocks Rebound

The S&P 500 Index ($SPX ) (SPY ) today is up +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.67%. March E-mini S&P futures (ESH25 ) are up +0.59%, and March E-mini Nasdaq futures...

Barchart

Dollar Supported by Tariff Risk

The dollar index (DXY00 ) today is up by +0.03% at a 2-week high. The dollar is climbing today on positive carryover from Thursday when President Trump said that the proposed 25% tariffs on Canada and Mexico will go into effect on March 4, and China will likewise be charged...

Barchart

Stocks Supported as the Fed’s Favored Inflation Gauge Meets Expectations

The S&P 500 Index ($SPX ) (SPY ) today is up +0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.15%. March E-mini S&P futures (ESH25 ) are up +0.05%, and March E-mini Nasdaq futures...

The Guardian - US

Trump can’t fulfil his promise to fix the economy, so he’s blaming workers instead

Forget about inflation. Now it’s all about cutting ‘waste’ in the form of jobs and our already paltry social safety net

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