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The Latest Breaking News from Inflation

OECD cuts eurozone growth forecast as energy prices surge

The OECD said Thursday it was cutting its eurozone growth outlook and forecasting higher inflation for 2026 after the Middle East war caused energy prices to skyrocket.

Euronews

The Iran War Is Derailing the 2026 U.S. Housing Recovery — and Mortgage Rates Are Only Part of the Story

The Iran war is disrupting the U.S. housing recovery through rising mortgage rates, inflation fears, falling buyer demand, and stalled Fed rate cuts.

International Business Times

First came RAMageddon and storage inflation, now a CPU shortage could be on the cards as PC makers report limited supplies

A CPU shortage and plenty of price hikes could be on the horizon if new reports from server builders and PC makers coming out of Asia are to be believed.

GamesRadar

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UK gets biggest cut to growth outlook this year among world’s major economies

The OECD published the biggest downgrade to the UK’s growth outlook for 2026 than any other country in the G20 group of economies.

Evening Standard

FTSE 100 Top 5 Gainers: Next Leads Risers as Index Dips Slightly on March 26

LONDON — Next plc dominated the FTSE 100 gainers Thursday as the blue-chip index edged lower amid renewed oil price volatility and lingering geopolitical uncertainties tied to the Middle East.

International Business Times

The shocking rise of mortgage costs since Iran war – and when they might go down again

Four per cent mortgage deals have disappeared entirely from the residential market since the Iran war started

The Independent UK

Stocks Plunge Before the Open as Oil Prices Climb on U.S.-Iran Talks Uncertainty

June S&P 500 E-Mini futures (ESM26) are down -0.63%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.77% this morning as mounting uncertainty over Iran’s willingness to engage in negotiations to end the Middle East conflict pushed oil prices higher.

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Why the UK is heading for a high inflation and low growth ‘double whammy’

IN FULL

The Independent UK

Liverpool supporters ‘extremely disappointed’ by increase in ticket prices

Liverpool said they will raise ticket prices in line with inflation over the next three years

The Independent UK

UK faces biggest hit to growth from Iran war of all major economies, OECD warns as inflation set to surge

Government urged to encourage homes and businesses to be more efficient with their energy usage

The Independent UK

Trump's Iran war wreaks economic carnage on UK with £15 billion blow to GDP and deepening cost-of-living crisis, warns OECD

Inflation in Britain is forecast to jump to 4% this year, outstripping many wage increases

Evening Standard

Australian growth forecasts slashed as global economy faces inflation spike

OECD says the Middle East war will test the world’s resilience with Australia expected to suffer from higher rates and inflation

The Guardian - AU

UK faces weaker economic growth and higher inflation due to Iran war – OECD

The conflict has worsened the outlook for many of the world’s largest economies, the Organisation of Economic Co-operation and Development said.

Evening Standard

10 Countries Suffering Biggest Economic Losses From US-Iran War

The ongoing US-Iran war, now in its fourth week, has triggered the largest global energy supply disruption in decades through attacks on infrastructure and threats to shipping in the Strait of Hormuz

International Business Times

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The Guardian - AU

Afternoon Update: RBA official’s rate hike warning; ABC boss’s ‘utterly offensive’ comments condemned; and ‘boy kibble’ goes viral

Iran war ‘making us all poorer’, but bank may need to raise interest rates again to curtail inflation, assistant governor says

The Guardian - UK

UK consumer confidence has ‘collapsed’ during Iran war, retail industry says

BRC survey finds public even more pessimistic about finances as higher energy prices fuel inflation fears

The Guardian - AU

War on Iran ‘making us all poorer’ but RBA may need to hike interest rates again, official warns

Comments come as the Albanese government said it would back an ‘economically sustainable’ above-inflation minimum wage rise

Pedestrian.tv

Labor Backs Calls For 3 Million Aussies To Get An Above-Inflation Pay Rise: ‘Doing It Tough’

Labor is urging the Fair Work Commission to deliver an above-inflation minimum wage rise to help low‑paid workers cope with fuel costs.

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AAP

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

The Independent UK

Consumer confidence ‘collapses’ as Middle East war escalates

Consumer expectations of the economy over the next three months has fallen to its lowest level on record, the BRC and Opinium found.

The Independent UK

British consumer confidence plunges to record low as Middle East conflict fuels inflation fears

British consumers are anticipating rising costs over the coming months due to the Iran war

AAP

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

The Guardian - AU

Rising profit margins turbocharged Australia’s latest inflation figures – but something worse is just around the corner

Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June

The Conversation

This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

International Business Times UK

38% of Americans Now Rely on Personal Loans — What's Forcing Millions to Borrow?

Personal loan debt in the US has climbed to $276 billion as of 2026, with 38% of Americans now holding at least one loan. Explore how rising inflation, 23% credit card APRs, and a shift in borrowing culture are forcing millions to refinance and consolidate debt to stay afloat.

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