The Latest Breaking News from Inflation

November dates for benefits, pensions and cost of living payments

Inflation very gradually easing but many households still struggling

The Independent UK · Nov 1, 2023

Powell likely to underscore inflation concerns even as Fed leaves key rate unchanged

For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign

The Independent UK · Nov 1, 2023

Reserve Bank will have to raise interest rates again because inflation still too high, IMF says

Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025

The Guardian - AU · Nov 1, 2023

US wages rose at a solid pace this summer, posing challenge for Fed's inflation fight

Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation

The Independent UK · Oct 31, 2023

Eurozone economy shrinks by 0.1%, putting it at brink of recession

Ireland posts biggest decline, while Germany contracts by 0.1% and France grows by 0.1%

The Guardian - UK · Oct 31, 2023

McDonald’s CEO says consumers suffering ‘difficult times’ can actually be a good thing for his business

Bosses couldn't rule out further price hikes at McDonald's on its Q3 2023 call, but did say the rate of increases will slow in line with inflation.

Fortune · Oct 31, 2023

Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished

The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold

The Independent UK · Oct 31, 2023

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors

The Independent UK · Oct 31, 2023

Eurozone on brink of recession as economy shrinks by 0.1%; Odey Asset Management winding down – as it happened

Eurozone growth has weakened, as price pressures drop, as high interest rates and weak demand hit Europe’s economy

The Guardian - UK · Oct 31, 2023

October dates for benefits, pensions and cost of living payments

Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders

The Independent UK · Oct 31, 2023