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The Latest Breaking News from Inflation

Kamala Harris vows to tackle price gouging, ease cost of living in economy plan

US Vice President Kamala Harris outlined economic proposals including a federal ban on price gouging in groceries and tax breaks for families in her first major economy-focused speech as the Democratic presidential nominee during a visit to North Carolina on Friday. Though her plans do not stray far from those…

France 24 · Aug 16, 2024

Trump’s tariffs could spark a trade war and an ‘inflation shock,’ expert warns

Joachim Klement of Panmure Liberum warns inflation could surge 1.2 percentage points in the first year after Trump’s tariff policies begin.

Fortune · Aug 16, 2024

Harris vs Trump: How the presidential candidates compare on economic policy

Harris expands on Biden policies as Trump pushes expansion of oil and gas production to lower prices

The Independent UK · Aug 16, 2024

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Consumer Sentiment Rises Slightly Amid Optimism For Vice President Harris

US consumer sentiment rises in August driven by optimism in Democrats towards VP Kamala Harris. Despite inflation concerns, consumer spending remains strong.

What economic challenges await Kamala Harris as US president hopeful?

Harris’s economic views are largely unknown, but inflation is a red flag for the Democratic presidential nominee.

Al Jazeera · Aug 16, 2024

Tax credits in Biden’s landmark climate law disproportionately benefit well-off

Analysis of Inflation Reduction Act suggests working-class Americans missing out on renewable energy transition

The Guardian - US · Aug 16, 2024

Kamala Harris to unveil economic plan to ban price gouging on groceries and build three million new homes

Kamala Harris will give her first major policy speech focusing on the economy today in Raleigh, North Carolina, with a focus on grocery inflation, housing and slashing prescription drug costs

The Independent UK · Aug 16, 2024

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RBA downplays role of government spending in stoking inflation

Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory

The Guardian - AU · Aug 16, 2024

Trump Criticizes Harris' Economic Policies In News Conference

Former President Trump criticizes Vice President Harris' economic policies, focusing on inflation concerns and impact on service workers.

Grocery Prices Show Signs Of Stabilizing Amid Inflation Concerns

Former President Trump raises concerns about food inflation under President Biden, but recent data shows easing price pressures.

Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation

Atlanta Fed President Raphael Bostic said waiting to cut rates is risky.

Fortune · Aug 15, 2024

Vice President Harris Targets Rising Food Prices

Vice President Kamala Harris addresses high food prices, advocating for a federal ban on price gouging to combat inflation in the US.

Building costs in the frame for ongoing housing crisis

The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.

AAP · Aug 15, 2024

Harris is zeroing in on high food prices as inflation remains a big issue in the presidential race

Vice President Kamala Harris is zeroing in on high food prices as inflation remains a big issue in the presidential race

The Independent UK · Aug 15, 2024

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The Independent UK · Aug 15, 2024

Biden deal to lower prescription drug costs will save taxpayers $6bn next year, Democrats say

Biden administration announced the first 10 medications that will be impacted by the deal

Fortune · Aug 15, 2024

Medicare costs significantly lowered on popular prescription drugs for cancer, diabetes, heart disease and arthritis

The negotiated drugs include those that are frequently dispensed as well as those that are the most expensive.

The Independent UK · Aug 15, 2024

Walmart boosts outlook for the 2024 with bargains proving a powerful lure for the inflation weary

Walmart Inc. reported another quarter of strong results Thursday as inflation-weary shoppers continue to be drawn to its low prices as they grapple with still high prices on everything from rent to groceries

The Conversation · Aug 15, 2024

Politics with Michelle Grattan: Jim Chalmers flags deal on Reserve Bank’s new structure is close

Cost of living remains at the top of people’s minds as inflation stays sticky. With an election in less than a year, the government has been doing what it can to address some of the pressures. But the Reserve Bank doesn’t envisage an interest rate cut this year, and has…

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International Business Times UK · Aug 15, 2024

Kroger's Under Investigation For Digital Shelf Labels: Are They Changing Prices Depending On When People Shop?

Kroger faces backlash over rapid price hikes, adding to financial burdens for consumers already struggling with soaring grocery costs.

The Guardian - UK · Aug 15, 2024

Labour ‘putting rail passengers first’, says minister as she blames Tories for prolonging strikes – as it happened

Louise Haigh says she hopes three-year pay deal offered to train drivers will resolve strikes

The Guardian - UK · Aug 15, 2024

Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it

GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough

Asian Shares Rise After U.S. Inflation Update And Japan's Growth

Asian shares rise on positive U.S. inflation data and Japan's economic growth, with markets showing gains. Japan's economy grows at 3.1% annual rate in Apr...

International Business Times · Aug 15, 2024

Asian Stocks Follow Wall Street Climb

Asian markets mostly mirrored positive strides on Wall Street in early trade Thursday, as easing US consumer inflation buoyed hopes that a big interest rate cut was around the corner and economic growth in Japan outpaced expectations.

The Independent UK · Aug 15, 2024

Asian shares trade higher after Wall Street rise and Japan GDP data show growth

Asian shares are trading mostly higher after the latest update on U.S. inflation came in almost exactly as economists expected, and data on Japan’s economy showed relatively healthy growth

Fortune · Aug 14, 2024

The Mars-Kellanova merger bolsters them against 2 big threats—inflation and Ozempic

“Snacking is very driven by impulse. It's very driven traditionally, by indulgence,” one analyst said.

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