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The Latest Breaking News from Inflation

London house prices fall, with rest of UK ‘doomed to follow’ as inflation cools

UK house price inflation slowed to 1.7% in June, according to official data.

The Independent UK

Inflation may be down, but it is far from out

Today represents one battle, albeit a significant and symbolic one, in a long campaign that is far from played out

Evening Standard

City warns on ‘sticky’ core inflation after drop in CPI

Analysts were also alarmed by the services consumer price index

Evening Standard

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UK inflation: which goods and services have changed most in price?

From fruit juice to carpets and cars to hotels, how the cost of everyday items varies

The Guardian - UK

Russia’s ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Rishi Sunak accused of being ‘out of touch’ over energy bill support comments – as it happened

This live blog has now closed, you can read more of our UK political coverage here

The Guardian - UK

UK inflation slows to 17-month low but remains significantly above target

Inflation slowed to its lowest for 17 months in July due to a fall in energy prices and a slowdown in food price increases, according to official…

The National (Scotland)

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UK inflation falls to 17-month low of 6.8% but unlikely to derail another interest rate rise

The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices

The Independent UK

August dates for DWP cost of living payments, benefits and pensions

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

The Independent UK

UK facing ‘high’ risk of recession despite inflation dropping to 6.8% – as it happened

UK inflation has dropped to its lowest since February 2022, following cut in energy price cap, but IPPR warns economy could fall into recession

The Guardian - UK

Inflation falls to 6.8% in July - mostly driven by lower energy prices

The fall raises hopes the worst of the cost of living crisis may be over

Evening Standard

FTSE 100 Live: UK inflation falls to 6.8%; shares down again after 100-point drop yesterday

BAE Systems today revealed plans to buy Colorado-based Ball Aerospace in a deal worth $5.6 billion (£4.4 billion).

Evening Standard

UK inflation falls sharply to 6.8% as cost of living pressures ease

Lower energy costs behind drop in annual rate in July, as wage increases finally overtake price rises

The Guardian - UK

UK inflation falls 1.1% in just one month as Ukraine war energy price crisis starts to ease

CPI inflation now stands at 6.8% after a fall in energy prices

The Independent UK

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The Independent UK

Stock market today: Asia shares decline as faltering Chinese economy sets off global slide

Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy

The Independent UK

Inflation expected to slow down again as Bank of England grapples with record increase in wages

Consumer Prices Index inflation is predicted to be 6.7% for July, down from 7.9% in the previous month

The Independent UK

Tories will still leave households worse off despite potential inflation slowdown, says Labour

Labour accuses PM of overseeing a £350 increase in monthly bills for the average household

The Independent UK

Inflation expected to slow down again after energy price fall

Consumer Prices Index inflation is predicted to be 6.7% for July, down from 7.9% in the previous month.

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The Independent UK

Next year’s English rail fares rise will be below inflation, says Government

RPI for July will be published on Wednesday and is expected to be around 9%.

The Hindu

A surge foretold: On inflation data

Authorities need to act in concert to tame inflation before it undermines India’s broader consumption and economic growth

Fortune

We finally have proof of the ‘rich-cession.’ The number of millionaires fell the most since the Global Financial Crisis of 2008, UBS says

Global wealth fell year over year, but declines were concentrated among the richest people in the richest countries.

Chicago Sun-Times

Consumers no longer ‘penny-pinching’ as retail sales rose solidly last month

Retail sales rose a better-than-expected 0.7% in July from June, according to the Commerce Department.

The Conversation

Turkey: are we witnessing the end of Erdoğanomics?

Is the tide finally turning for Turkey? Three months after the re-election of Recep Tayyip Erdoğan for his third term as president, which many feared would lead to economic chaos, ratings agency Moody’s has indicated that Turkey’s credit rating is on course for an upgrade.

The Independent UK

Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Retail sales rise 0.7% in July from June as inflation continues to ease

Americans increased their spending last month as inflation continued to ease on eggs, electronics, used cars and other items, and the job market remains healthy

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