The Latest Breaking News from Inflation

ECB keeps interest rates steady amid eurozone recession fears

Widely expected decision by European Central Bank follows 10 consecutive rises in borrowing costs

The Guardian - UK · Oct 26, 2023

Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The Conversation · Oct 26, 2023

ECB warns eurozone economy ‘remains weak’ after leaving interest rates on hold; US growth accelerates to 4.9% – as it happened

Eurozone central bank gives press conference after pausing its cycle of rate hikes, as inflation slows and Europe’s economy weakens

The Guardian - UK · Oct 26, 2023

RBA governor says inflation bump no surprise but won’t say whether rates will rise

Michele Bullock tells Senate estimates ‘we might need to go again’ as Westpac joins other big banks in predicting November rate rise

The Guardian - AU · Oct 26, 2023

Crushed by inflation, populace using loans to make ends meet: Congress

The October bulletin ‘shows extremely concerning economic trends’ as inflationary trends have remained above the RBI’s threshold level of 4%.

The Hindu · Oct 25, 2023

Medicare will negotiate drug prices with Big Pharma for the first time. Here’s how your prescription costs might change

Drug price negotiations will likely be a much bigger deal for the federal government than for many of Medicare’s 65.7 million beneficiaries.

Fortune · Oct 25, 2023

Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says

An estimated 17 million households reported problems finding enough food last year

The Independent UK · Oct 25, 2023

BBC boss faces furious MPs as licence fee increases sought

BBC boss Tim Davie stressed “why the institution matters” as the broadcaster seeks a rise in the licence fee in line with inflation, as he faced…

The National (Scotland) · Oct 25, 2023

RBA 'wary' more rate hikes needed to beat inflation

The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.

AAP · Oct 25, 2023

We quizzed 4,000 people on the economy – here's who knew the most

People in the UK say the economy and inflation are currently the most important issues facing the country. But do Britons actually know much about how the economy works?

The Conversation · Oct 25, 2023