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The Latest Breaking News from Inflation

Stocks Slightly Lower as U.S. Manufacturing Activity Unexpectedly Contracts

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.109%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.03%. Stocks this morning gave up an early advance and...

Barchart

Andhra Pradesh: 6,400 MTs of wheat, 7,000 MTs of rice to be e-auctioned on July 5

In an attempt to stabilise and check inflation in the retail prices of wheat and rice, the Food Corporation of India (FCI), Regional Office, Amaravati offered 6,839 MTs of wheat through the first e-auction on June, 28 2023, with the participation of 11 bidders and the sale of 900 MTs…

The Hindu

A mid-year assessment for the U.S. economy

So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.

Axios

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Roy Cropper’s pie and chips prices on Corrie show the real impact of inflation

Coronation Street viewers spot dramatic mark-up in price of meal

Evening Standard

'The global economy is due for a reality check,' warns the central banks‘ bank

The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.

Fortune

Fresh hope on inflation as manufacturing input costs fall at fastest pace since 2016

But economists warned it might just be driven by weak demand, in a sign of a wider economic slowdown

Evening Standard

Weaker competition blamed for higher petrol and diesel prices; MPs blast ‘measly’ savings rates – as it happened

Government pledges to expose ‘rip-off’ fuel retailers, after inquiry finds declining competition between retailers led to higher prices at the pumps

The Guardian - UK

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The saver’s dilemma: open an account now, or hope for even higher rates?

With the best-buy tables changing almost by the hour, what’s the best strategy for maximising returns and not missing out?

The Guardian - UK

Stock market today: Asian shares rise on optimism over Wall Street rally

Asian shares are mostly higher after a rally on Wall Street driven by reports that showed inflation abating, assuaging fears over the threat of a recession

The Independent UK

Seven money changes coming in July - from energy bills to cost of living payments

We explain seven key changes coming up in July and how they affect your money

Chronicle Live

The dramatic resurgence of Bitcoin is the biggest surprise of the year

Business & investing: There's a mixed scorecard for the markets at the halfway point of the year, but the world’s most popular cryptocurrency is powering higher thanks to renewed interest by some of the world’s largest investment funds. Andrew Patterson reports.

Newsroom.co.nz

Using austerity economics to crush UK inflation would be a cure worse than the disease

Caution needed rather than panic measures over short-term risks after credibility of government and Bank of England hit

The Guardian - UK

Arvind Kejriwal promises change as AAP takes on BJP and Congress in Chhattisgarh

RAIPUR: Aam Aadmi Party (AAP) convenor and Delhi chief minister Arvind Kejriwal launched a scathing attack on both the Bharatiya Janata Party (BJP) and the Congress over widespread inflation, taxes even on essential food items, and expensive electricity in power-surplus Chhattisgarh.

The Times of India

Westminster politicians have not learnt lessons from 2008 crisis, says Ian Blackford

WESTMINSTER politicians have not learned the lessons of the 2008 financial crisis, Ian Blackford has said, as he warned that inflation will do…

The National (Scotland)

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The Guardian - UK

Six months after Rishi ‘Mr Fix-It’ Sunak issued his five pledges, here is his scorecard: complete fail

If you market yourself as a problem solver, you need to be successful at tackling the challenges that you prioritised

The Conversation

Two more RBA rate hikes, tumbling inflation, and a high chance of recession: how our forecasting panel sees 2023-24

Of the 27 leading economists assembled by The Conversation to forecast the financial year that’s just begun, every one expects inflation to continue to fall.

AAP

Borrowers cross fingers ahead of live cash rate call

The Reserve Bank board is set to meet on Tuesday for what is likely to be another finely balanced interest rate decision in the fight against inflation.

Liverpool Echo

Major changes to tax credits, mortgages and cost of living payments throughout July

July signals major financial changes across the board

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The Times of India

Monsoon session of Parliament: Congress plans to corner government over Manipur violence, inflation

NEW DELHI: The principal opposition Congress party has strategised to corner the Narendra Modi government in the forthcoming monsoon session of Parliament on various pressing issues facing the country, including the Manipur violence, rising inflation, unemployment and the “assault” on the federal structure of the country the way governors of…

The Guardian - UK

If there’s such a thing as an inflation quota, has Britain already exceeded it?

According to some in the City, the UK will have to keep prices flat for the next seven years to make up for the last three. Really?

The Guardian - UK

Rip-off Britain: why everything we buy now costs a fortune

As the cost of living crisis bites, consumers are asking how so many businesses have maintained or raised their profits

Manchester Evening News

Coronation Street fans horrified after spotting whopping price rise in Roy Cropper's cafe

One eagle-eyed viewer said: "Inflation is real"

Dynamite News

Happy B'day Akhilesh Yadav: Workers celebrate birthday of Samajwadi Party Chief with 'tomato' cake

A party functionary said this time we are celebrating our Supremo's birthday by distributing tomatoes to highlight the inflation in the country. Must read further on Dynamite News:

Wales Online

Seven money changes set to hit your bank account and wallet this month

There are key dates to be aware of to make sure you don't miss changes that could seriously help your home budget

Manchester Evening News

'You can see the misery in people at food prices in this town. It follows them'

“It does feel like there’s greed-flation and it’s the customers who are suffering for it. Wages and pensions haven’t increased either so it’s not weighing out the increase, it’ll push people further into a money crisis and debt"

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