The Latest Breaking News from Inflation

Govt considering major cut to food weighting in new CPI basket

An Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a person familiar with the matter, a move that could curb inflation spikes in the South Asian nation.

The Times of India · Aug 7, 2024

Is Your City Getting Too Expensive? These 5 US Cities Will Offer Cash And Other Perks For You To Move

These US cities are paying workers to relocate to the area to boost their economy. And, due to rising inflation and unchanging mortgage rates, it's working.

International Business Times UK · Aug 6, 2024

Rising cost of living hammers renters and mortgage belt

Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs.

AAP · Aug 6, 2024

Australian borrowers spared interest rate rise but RBA governor warns cut ‘not on the agenda’ in near term

The RBA has left the cash rate on hold at 4.35% for a sixth meeting in a row, but says inflation is proving persistent

The Guardian - AU · Aug 6, 2024

Attention, jittery investors: Stop panicking … this is what a soft landing should look like

What a difference a job report makes. Earlier in the summer, people were worried that the economy was too hot. But now – in response mainly to weaker-than-expected employment data released on Aug. 2, 2024 – stocks are plunging. Some analysts even worry that a recession could be on the…

The Conversation · Aug 5, 2024

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

AAP · Aug 5, 2024

Financial markets around the globe are falling. Here's what to know about how we got here

Markets on Wall Street and around the world are in a mini-panic

The Independent UK · Aug 5, 2024

Chicago Fed president says if jobs, inflation, or ‘financial stability’ worsen, the Fed will ‘fix it’

“It’s the market’s job to react and the Fed’s job to act.” said Chicago Fed president Austan Goolsbee. “And one of those moves with a lot more volatility than the other.”

Fortune · Aug 5, 2024

‘We were in shock, we were numb’: the police raid that changed Melbourne’s gay scene forever

Tasty nightclub was controversially raided by Victoria police 30 years ago. How are those who were there that night marking such a dark anniversary? They’re throwing a big camp party

The Guardian - AU · Aug 5, 2024

Recession Is Not Inevitable, Despite Stock Market Slump

A few reasons to remain calm about the economy

Reason · Aug 5, 2024