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The Latest Breaking News from Inflation

Biden's economy faces challenges: inflation, debt, job losses, and housing woes

This content discusses the impact of Joe Biden's economic policies on the US economy, including inflation, rising debt, job losses, and financial struggles...

Top News

CBI chief warns against ‘large scale tax cuts driven by short-termism’; BoE’s Mann warns of ‘pernicious’ inflation – as it happened

Rolling coverage of the latest economic and financial news, as China slipped deeper into deflationary territory in January

The Guardian - UK

RBI pegs India's 2024-25 real GDP growth at 7%

The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India's GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Read further on Dynamite News:

Dynamite News

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Chinese Consumer Prices Suffer Quickest Drop In 14 Years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.

International Business Times

RBI’s MPC keeps repo rate unchanged at 6.5% to bring down inflation, support growth

The Reserve Bank of India's Monetary Policy Committee keeps policy repo rate unchanged at 6.50% for 2023-24.

The Hindu

China Consumer Prices Show Quickest Drop In 14 Years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, as the country's leaders struggle to revive buying sentiment in the world's second-biggest economy.

International Business Times

For corporations, greed is good – so how can Australia really tackle price gouging?

Restoring wages, breaking up dominant firms and more extensive price regulation are all ways we can make an economy that serves people, not profits

The Guardian - AU

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Your 5-Min Explainer On The Coles & Woolies Price Inquiry — And What It All Means For You

Coles and Woolworths have made their initial submissions to the Senate Inquiry Into Supermarket Prices, as the government works to tackle the seemingly endless increases to our grocery bills.

Pedestrian.tv

“It sounds as good as ever, with impressive volume output and projection, rich, reverb-like resonance, brisk treble and sweet, sonorous midrange”: Taylor GS Mini Sapele review

The high-end acoustic guitar specialist has done the impossible once again, serving up a small-bodied acoustic with a huge voice, with a top build at an inflation-beating price. Remarkable

Guitar World

US Fed Officials Urge Patience On Interest Rate Cuts

Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.

International Business Times

Elizabeth Warren's 'Shrinkflation' Rant Is an Incredible Exercise in Blame-Shifting

The Massachusetts senator blames corporate greed for price increases that were caused by inflationary federal spending she supported.

Reason

Energy workers down tools to demand better pay

The union representing energy workers says wages have not kept up with inflation and maintenance backlogs will increase as industrial action in NSW ramps up.

AAP

The RBA says it’s still worried about inflation, but few believe this will mean higher interest rates

Instead of claiming demand factors are the main reason for inflation, the spotlight should be on companies’ pricing decisions

The Guardian - AU

UK workers must accept lower pay deals to help beat inflation, says Bank ratesetter

Deputy governor also says company must rein in profits as there is ‘some way to go’ to meet 2% inflation target

The Guardian - UK

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Top News

ECB's Schnabel Urges Patience with Rate Cuts for Inflation

In an interview with the Financial Times, Isabel Schnabel of the European Central Bank emphasizes the need for patience in implementing rate cuts to addres...

Al Jazeera

Pakistan’s election: Can the next government bring economic stability?

There will be no honeymoon period for winners of this week’s pivotal 2024 polls as economic challenges loom large.

Dynamite News

Stocks marginally up Wednesday, investors now await RBI monetary policy

Indian stock indices were marginally higher at Wednesday's opening bell, tracking positive cues from overnight US markets and the latest return of foreign portfolio investors. Read further on Dynamite News:

The Guardian - AU

Afternoon Update: Australians overcharged across industries; right to disconnect from work laws a near certainty; and what’s in household dust?

An inquiry into price gouging has found a lack of competition in key markets, including banks and supermarkets, is driving inflation

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news in one place.

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The Guardian - AU

Qantas decision to reduce flight capacity may have led to RBA rate hike, inquiry finds

The ACTU inquiry into price gouging chaired by Allan Fels strongly criticised the lack of competition in Australia’s domestic aviation industry

International Business Times

Why Germany Is Being Hit By Strikes Almost Every Day

A wave of strike action has brought Germany to a standstill in recent weeks, as Europe's largest economy has struggled for growth and consumers have felt the pinch from sky-high inflation.

The Guardian - UK

UK’s poorest have borne brunt of cost of living crisis, says thinktank

‘Deep-scarring effects’: Living standards for hardest hit won’t return to pre-pandemic levels until 2027, report predicts

The Hindu

Mint Street musings: On the interim Budget and the RBI

The interim Budget for 2024-25 could give the central bank some more room to ease liquidity constraints in the economy

AAP

Thrifty December cures sales-fuelled debt hangover

Many shoppers racked up credit card bills during the November sales but the damage could have been worse given acute financial pressures.

The Guardian - AU

Thought we were on track for a rate cut? For now, the RBA says it’s time to come back to earth

RBA governor Michele Bullock wants to make Australian inflation is truly under control before releasing the handbrake on interest rates

The Hindu

Inflation within tolerance band; government taking steps to check price rise: Nirmala Sitharaman

Nirmala Sitharaman on inflation: Finance Minister Nirmala Sitharaman announces that inflation in India has decreased due to government measures to control prices.

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