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The Latest Breaking News from Inflation

UK needs ambitious green plan to keep up with allies, says Labour frontbencher

Jonathan Reynolds calls for version of US Inflation Reduction Act amid row over future of Labour policy

The Guardian - UK

PM looking for extra dollars for those 'doing it tough'

Cost-of-living relief could be on the way as inflation begins to soften and politicians rush back to Canberra to find ways to ease the pressure on Australians.

AAP

Fellow Republicans, it’s time to admit that the US economy isn’t bad

Multiple indicators – from GDP growth to the unemployment rate (and even inflation) – point to a robust US economic engine

The Guardian - US

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Cost of living pressures mount on first cabinet meeting

Anthony Albanese's cabinet is meeting in Canberra more than a week before parliament resumes as living costs raise pressure on households and government.

AAP

Labor MPs to discuss rising cost-of-living pressures

Labor MPs have been called back to Canberra to meet before parliament resumes as the Albanese government looks to ease cost-of-living pressures.

AAP

US Fed Official Says 'Premature' To Expect Rate Cuts Soon

The US Federal Reserve's fight against inflation is far from over and it is "premature" to expect rate cuts around the corner, a senior US central bank official said Friday.

International Business Times

Warning of Peril for the Western World: A Closer Look at Milei's Davos Speech Amid Argentina's Crisis

He said some Western leaders have "abandoned the model of freedom for different versions of what we call collectivism"

Latin Times

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Fox's telling "smoothiegate" hypocrisy

When inflation is up, so is hunger — but that's the part conservatives want to ignore

Salon

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

The Guardian - US

Economic Outlook Keeps Investors Wary On Nigeria

Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa's largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.

International Business Times

Asian Markets Track Wall St Higher After Tech Surge

Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year.

International Business Times

Economy strong but slowdown on horizon, IMF warns

In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.

AAP

Japan Inflation Slows In December As Energy Bills Drop

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.

International Business Times

Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy

The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.

International Business Times UK

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Reason

Interest Rates Are High. GOP Presidential Candidates Need To Get Serious About It.

They will either reduce the ability to spend money or to cut taxes.

International Business Times

Markets Swing On Dimming Rate Cut Hopes, Weak China Outlook

Asian stocks were mixed Thursday after another dour day across global markets fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialise as inflation remains stubbornly high.

Evening Standard

Lenders including Santander continue to cut mortgage rates despite shock inflation rise

“Lenders do not seem to be bothered about the inflation figures at the moment,” one broker said

The Guardian - UK

UK mobile and broadband customers face price hikes of 8% as inflation rises

Vodafone is among the providers to pass on in-contract rises, as Which? says increases are ‘unacceptable’

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International Business Times

UK Inflation In Shock Rise, Dashing Rate Cut Hopes

British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an early cut to UK interest rates and prolonging a cost-of-living squeeze before an election.

Top News

Bank of Canada may trail Fed rate cut as wage growth heats up

Learn why the Bank of Canada might delay rate cuts while focusing on strong wage growth, providing insightful analysis on the country's economy and inflation.

The Guardian - UK

UK inflation: which goods and services have changed most in price?

From food, alcohol and tobacco to fuel prices and holidays, how the cost of everyday items varies

The Guardian - UK

UK inflation rise complicates outlook on interest rates

Surprise increase is blow to Bank of England’s fight against rising prices – but could be followed by falls

The Guardian - UK

Davos day two: Argentina’s Milei claims the western world is in danger from socialism – as it happened

Rolling coverage of the second day of the World Economic Forum’s annual meeting in Davos

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