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The Latest Breaking News from Inflation

ONS admits April inflation figure was too high after vehicle tax data error

The ONS said it would not be revising the official published figures.

Evening Standard

ECB president Christine Lagarde says she’s ‘determined’ to complete her term, after speculation of early exit to run WEF – as it happened

“You’re not about to see the back of me,” insists Lagarde, sporting a necklace reading ‘in charge’, following claims she discussed leaving ECB early to run World Economic Forum

The Guardian - UK

European markets mixed as investors digest ECB interest rate decision

European markets were mixed on Thursday afternoon as investors digested the latest ECB interest rate decision.

Euronews

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Inflation data threatened by government hiring freeze as tariffs loom

The Labor Department has cut back on the inflation data it collects because of the Trump administration’s government hiring freeze, raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs

The Independent UK

10 Gold vs Stocks Lessons You Shouldn’t Ignore

When it comes to building wealth, the gold vs stocks debate is as old as investing itself. Whether you’re a seasoned investor or just starting out, understanding the differences between these two popular assets can make a world of difference in your financial journey. Both gold and stocks have their…

The Free Financial Advisor

Summer Madness: Why Travel Prices Are Skyrocketing (And People Are Still Paying)

Summer is here, and so is the annual urge to pack a bag and escape. But if you’ve checked flight or hotel prices lately, you might have felt your jaw drop. Travel prices are skyrocketing, and yet airports and resorts are packed. Why are costs so high, and why are…

Clever Dude

People Call Out Thrift Store Scams By Sharing The Most Ridiculously Priced Items

No one is immune to inflation, and thrift stores are no exception. Yet nowadays it seems that they’re either being hit harder than the rest of us, or something is just off with their prices.

Bored Panda

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UK service sector returns to growth as tariff concerns ease

Firms also reported a slowdown in price inflation for the month despite recent cost increases, such as higher wage bills.

Evening Standard

When Downsizing, Does a Continuing Care Retirement Community Make Sense?

The idea that you'll never have to move again may sound tempting, but how about the costs? A financial planner explores the pros and cons of this style of retirement living.

Kiplinger

US Faces Stunted Growth and Soaring Inflation from Tariffs, OECD Warns

The OECD warns Trump's tariffs will stunt US growth to 1.6% and push inflation near 4% by 2025. Can businesses and shoppers adapt to this economic shake-up?

International Business Times UK

Extreme weather events have slowed economic growth, adding to the case for another rate cut

Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

The Conversation

Dollar Gains and Gold Falls on US Labor Market Strength

The dollar index (DXY00 ) Tuesday rose by +0.53%. The dollar on Tuesday recovered from a 6-week low and moved higher after weaker-than-expected Eurozone inflation news knocked the euro lower. Also, weakness in the yuan supported gains in the dollar after a gauge of Chinese manufacturing activity contracted in May...

Barchart

Fact check: Reform UK migrants claim and minister’s inflation mix-up

Round-up of fact checks from the last week compiled by Full Fact.

Evening Standard

Bulgaria close to adopting the euro: What stands in the way?

Bulgaria's government is pressing ahead with its plan to join the euro currency union, aiming to deepen European integration.

Euronews

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Euronews

OECD outlook: Can the global economy survive trade pressures in 2025?

The OECD forecasts a continued slowdown in global economic growth this year, driven by persistent trade tensions — such as US tariffs — and stubbornly high inflation.

The Independent UK

Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more interest rate cuts from the European Central Bank

Evening Standard

OECD downgrades forecasts for UK growth as Trump tariffs hit world economy

Global growth is expected to fall below 3% for the first time since the pandemic

Euronews

Eurozone inflation falls below ECB 2% target in May: Rate cut in sight

Eurozone inflation fell to 1.9% in May, below forecasts, boosting expectations of an ECB rate cut on Thursday. Core inflation also eased to 2.4%. The euro slipped and bond yields fell as markets priced in a 25bp rate cut to 2.0%.

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The Conversation

Australia’s lowest paid workers just got a 3.5% wage increase. Their next boost could be even better

A week ago, the Australian Financial Review released this year’s “Rich List”. It reported the number of billionaires in Australia increased from 150 to 166 between 2024 and 2025.

The Guardian - UK

UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast

Euronews

Where in Europe are workers losing ground as taxes rise faster than wages?

While most European countries experienced higher real post-tax incomes in 2024, some saw a decline, as rises in personal average tax rates outpaced real wage growth.

AAP

Unions hail pay boost for millions of low-paid workers

Workers on minimum award rates will be given one of the highest above-inflation pay increases in history to help redress falling living standards.

Fortune

Mark Cuban says consumers may actually see lower prices due to tariff uncertainty as companies deal with the aftermath of stockpiling goods

“The variance in tariffs has made it impossible to know how to manage costs,” Cuban said on social media. “So you do all you can to clear out inventory and get back to cash.”

The Free Financial Advisor

11 High-Yield Savings Tricks You’ve Never Tried

Are you tired of watching your savings grow at a snail’s pace? You’re not alone. With inflation eating away at your hard-earned cash, finding creative ways to boost your high-yield savings account is more important than ever. The good news? There are plenty of clever, lesser-known strategies that can help…

Barchart

What If The Inflation Fight Is Already Lost?

Services inflation is sticky, wages are rising, and rate cuts are a fantasy. Are we entering a high-rate era with no off-ramp?

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