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The Latest Breaking News from Inflation

Illinois Senior Alert: Why Your Grocery Bill May Be Ticking Down Slightly in Some Parts of the State

Seniors in parts of Illinois are finally seeing some welcome news as grocery bills start to tick down slightly. Local competition and improved regional supply chains are leading to lower prices for many essential food items this month. This is a very positive trend for those living on fixed incomes…

Grocery Coupon Guide

Student loans crisis ‘comparable to PPI scandal’, education tsar suggests

This year has seen rising criticism of the student loans system after the chancellor announced at the autumn 2025 budget the repayment threshold would be frozen for three years

The Independent UK

India overhauls inflation framework with new Producer Price Index, revised WPI

India is set to introduce a new Producer Price Index and a revamped Wholesale Price Index from June 15. This significant overhaul aims to align with global standards and better capture price trends. The revised WPI will cover more commodities and include renewable energy. New Producer Price Indices for goods…

The Economic Times

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Iran's inflation hits World War II levels, deepening economic pain

Iran's year-on-year inflation reached a record high in May, the worst since World War II

AAP

A volcano that grows taller in the rain? Mount Fuji has been hiding a geological secret

Mount Fuji's ground is swelling up to two centimeters during heavy rains, a phenomenon not linked to magma. Scientists discovered that porous rock layers beneath the volcano act like natural sponges, absorbing rainwater and causing temporary inflation. This discovery helps distinguish between weather-related ground movement and genuine volcanic threats, improving…

The Times of India

Unemployment to hit 2m under Labour, business group warns

Lack of jobs worst for the 16-24 year olds

The Independent UK

Inflation hits 3.2%, highest since 2023: Are ECB rate hikes inevitable?

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal.

Euronews

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Higher petrol, diesel prices threaten to rekindle inflation pressures: Report

Fuel prices are rising in India. This will increase transport and manufacturing costs. These higher costs will likely lead to more inflation for consumers. Food and core inflation could accelerate. Companies may pass these costs to buyers. Goods and services tax reductions offer some relief. However, elevated energy costs remain…

The Economic Times

RBI MPC: Iran war puts Malhotra & Co in razor-edge policy bind over inflation, growth and rupee

The Reserve Bank of India faces a difficult interest-rate decision this week as rising oil prices from the Iran conflict, a record-low rupee and a weak monsoon threaten to slow growth while pushing up inflation.

The Economic Times

Thailand sees 2% growth and 3% inflation in 2026: central bank chief

The Thai economy is expected to grow 2% this year, Bank of Thailand (BoT) governor Vitai Ratanakorn told a news briefing on Tuesday.

Bangkok Post

India to unveil broader gauge for inflation in data revamp

India is introducing a Producer Price Index for the first time. This new measure will track prices received by producers of goods and services. It aims to provide a more comprehensive view of inflation. The index will help policymakers better understand and manage price pressures. This move aligns India with…

The Economic Times

PlayStation 6 Faces Shocking $899 Price Tag Due to Inflation, AI Chip Shortage

Sony's PlayStation 6 may launch in 2027 with a price of $899, driven by AI chip shortages and rising component costs, challenging traditional console pricing strategies.

International Business Times UK

Global Markets: European stocks rise as STMicroelectronics' forecasts lift tech stocks

European shares climbed Tuesday, led by technology stocks boosted by strong forecasts from STMicroelectronics amid AI demand. Investors await key inflation data for insights into the Mideast conflict's economic impact. A partial ceasefire in Lebanon and easing crude prices also supported market sentiment.

The Economic Times

Global Markets: South Korean shares post record-high close as Nvidia hopes lift tech stocks

South Korean stocks hit a record high Tuesday, driven by tech giants like Samsung Electronics and Naver, fueled by hopes of AI collaboration with Nvidia. Despite a volatile trading session, the KOSPI closed higher. Meanwhile, consumer inflation surged to a two-year peak, potentially prompting monetary tightening. Foreign investors continued their…

The Economic Times

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Fortune

It's not a recession. But Goldman says your paycheck is acting like it

Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.

The Economic Times

A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print

India’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route for imports. The crisis comes just as India faces a below-normal monsoon forecast, with the IMD projecting rainfall at 90% of the long-term average and a 92% probability…

inkl

Seasonal Eating Gains Attention as Health Benefits and Lower Food Costs Drive Consumer Shift

Average grocery bills for family households are approaching $1,000 a month, and consumers are shifting to seasonal eating both to combat the impact of high inflation and improve physical health.

The Conversation

Almost 3 million workers will get a 4.75% pay rise in July. But wages can’t catch up with inflation

Around 2.8 million of Australia’s lowest-paid workers will get a 4.75% pay rise from July 1 this year, after the latest Fair Work Commission annual decision on award wages.

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The Economic Times

Oil rally may fuel stagflation concerns, though AI remains market's key driver: Arnab Das

Renewed Middle East tensions are driving oil prices higher, fueling inflation and economic growth concerns. Despite market optimism, significant challenges remain in resolving issues with Iran, and markets may not have fully priced in potential disruptions, particularly around the Strait of Hormuz.

The Economic Times

US Stock Market: Treasury yields rise after strong US data, geopolitical risks fuel inflation fears

US Treasury yields closed higher on Monday as stronger-than-expected manufacturing and construction data reinforced economic resilience, while uncertainty over US-Iran diplomacy and rising oil prices fueled inflation concerns. Investors reassessed Federal Reserve rate expectations amid geopolitical risks, pushing benchmark yields higher and lifting market-based inflation forecasts.

AAP

FED:Minimum wage tops $1000 a week, stoking inflation fears

Millions of workers on industry awards will get an annual pay rise and minimum wage earners even more, but economists warn the raises could fuel inflation.

The Canberra Times

Property investors are angry, but are the new tax rules all bad news?

'We've seen some buyers wanting to purchase quickly, and others have paused, waiting for certainty.'

The Economic Times

India's CPI inflation expected to rise to 4.8% with crude oil averaging USD 90/bbl in FY27: Report

Forecasts indicate that by FY27, India’s inflation could hit 4.8%, driven by crude oil prices projected at USD 90 per barrel. Factors such as the ongoing conflict in West Asia and a less favorable monsoon outlook are pivotal. Economic growth might taper to 6.3%, with both fiscal and current account…

The Economic Times

Gold steady amid uncertainty over US-Iran peace negotiations

Gold prices held steady as investors weighed a partial ceasefire between Hezbollah and Israel against ongoing U.S.-Iran negotiations. Concerns over inflation and potential interest rate hikes also influenced the market. Investors await U.S. employment data and Federal Reserve remarks for further policy direction.

The Guardian - AU

About 3 million workers on minimum wage to receive 4.75% pay rise in Fair Work Commission ruling

Unions had demanded 6% pay increase for lowest paid after war in Middle East pushed inflation higher

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