The Latest Breaking News from Inflation

Chancellor uses price of coffee as prop to explain inflation while a high street latte now costs more than £3

Federal Reserve Vice Chair Lael Brainard noted Thursday that recent reports show high inflation in the United States is cooling and suggested it was possible that price acceleration may cool without causing significant job losses

Although the latest inflation and employment reports indicate a resilient economy, the Fed’s persistence to keep interest rates high has caused widespread concerns about an economic slowdown. With uncertainties surrounding the economy, we think it could be wise to buy and hold large-cap stocks Merck & Co. (MRK), Coca-Cola (KO),…

MUMBAI: India will be a $3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world, a Reserve Bank article said on Thursday stressing that the macro economic stability is getting entrenched.

When former Fed Chair Paul Volcker hiked interest rates to quash inflation in the early 80s, a recession and disinflation followed. Jefferies sees a similar fate for the economy this year.

Even as inflation begins to level off, the cost of eggs is soaring.

U.S. applications for unemployment benefits fell last week to their lowest level in 16 weeks, defying the Federal Reserve’s attempts to slow the economy and bring down inflation

Grocery prices soared by 11.8% in 2022 – the swiftest pace since the early 1980s. Rapid inflation is, naturally, leading to concerns that it’s getting harder for Americans to put food on the table.

Central Bank chief hints that interest rates may peak at 4.5%

Food and drink inflation has soared dramatically over the last year, driving up the price of many popular supermarket items

As Joe Biden enters his third year in office, The Independent digs deep into how the president did on key issues like labour, climate, legislation, inflation, Covid and civil rights. Josh Marcus introduces the series