The Latest Breaking News from Inflation

There is little data to support fears of a ‘greenlash’ – instead voters may have other priorities such as inflation or the Ukraine war

May recorded the lowest spending growth since February 2021, Barclays’ snapshot of card activity shows

"I have learned that the American people—and maybe people in Europe equally—really hate high inflation. I mean, really viscerally hate high inflation."

Turkey has been battling soaring consumer prices that prompted Erdogan to drop his opposition to interest-rate hikes to combat inflation.

June S&P 500 E-Mini futures (ESM24) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.37% this morning as speculation over interest rate cuts by major central banks heightened appetite for risk-driven assets, while market participants looked ahead to a fresh slew of U.S. labor market data,…

The Fair Work Commission has boosted the wages of workers on awards by 3.75%, just a touch above the official inflation rate of 3.6%.

New lower rates of 3.75% and 4.75% respectively are likely to be introduced this week after drops in inflation

Shares in Asia have started June with big gains after Wall Street finished with another push higher

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle.