The Latest Breaking News from Inflation

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 · Jun 4, 2025

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 · Jun 4, 2025

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 · Jun 3, 2025

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

Evening Standard · Jun 3, 2025

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%.

Euronews · Jun 3, 2025

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 Conversation · Jun 3, 2025

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

The Guardian - UK · Jun 3, 2025

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.

Euronews · Jun 3, 2025

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.

AAP · Jun 2, 2025

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.”

Fortune · Jun 2, 2025