The Latest Breaking News from Inflation

Inflation: What does the latest rise mean for money in your pocket?

Inflation continues to grow at a fast rate with it rising 2.6 per cent in November

The Independent UK · Dec 18, 2024

UK inflation data leaves Starmer miles off goal of growth ‘felt in people’s pockets’

Increase extinguishes expectations of interest rate cut this week and underlines tough challenges policymakers face

The Guardian - UK · Dec 18, 2024

UK inflation rises further above Bank of England's target in November

Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month

The Independent UK · Dec 18, 2024

UK inflation increases as cigarettes and petrol drive price rises

The Office for National Statistics has announced the latest monthly Consumer Prices Index reading

The Independent UK · Dec 18, 2024

UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

The Guardian - UK · Dec 18, 2024

UK factory orders ‘collapse’ to four-year low, CBI says; inflation rises to 2.6% – as it happened

Starmer says more to do on economy so growth is ‘felt in the pockets of working people’; US Federal Reserve widely expected to cut interest rates by a quarter point

The Guardian - UK · Dec 18, 2024

Economic Woes Mount For Russia's War Machine

Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines, as the costs of the Ukraine war and Western sanctions mount.

International Business Times · Dec 18, 2024

US Fed Expected To Cut Interest Rates Again, But Path Ahead Is Murky

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead.

International Business Times · Dec 18, 2024

Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

The Independent UK · Dec 18, 2024

If Treasury forecasts are right, it could be a decade before Australia is ‘back in black’

After two successive surpluses, the federal budget will be back in deficit in 2024–25, according to the much-anticipated budget update released on Wednesday.

The Conversation · Dec 18, 2024