The Latest Breaking News from Inflation

This article is part of The Conversation’s series examining Australia’s cost of living crisis.

While a 37% surge in vegetable prices had fired up retail inflation to a 15-month high of 7.4% in July 2023, prices of pulses have also risen sharply in recent months, speeding to 13.3% in July from 10.6% in June.

Inflation falling but not swiftly enough to prevent further interest rate rise making life tougher for mortgage holders

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

“It’s almost guaranteed to be wrong,” the GMO cofounder told Bloomberg of the Fed’s soft-landing forecast Thursday. “They have never called a recession.”

Despite inflationary pressures, Americans’ appetite for dining out has remained stronger than ever. Investors seeking to savor long-term growth could consider investing in prominent restaurant stocks like Starbucks (SBUX), Domino’s (DPUKY), and Biglari Holdings (BH) to capitalize on the industry’s resilience. Continue reading….

"I would have expected that the Fed's language around rate hikes would have softened as we got closer to the its goal, but that hasn't happened," says economist Will Luther.

Kerala CM Pinarayi Vijayan accused Centre of neglecting price rise, claiming Kerala had lowest inflation due to State's market intervention. He praised Supplyco for its people-friendly approach, and Ministers launched sale of goods & rebranded Sabari products.

THE latest GERS figures provide “stark evidence” of the consequences of the UK Government’s mismanagement of the Scottish