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The Latest Breaking News from Inflation

Ireland’s rate of inflation has peaked – finance minister

Michael McGrath welcomed the figures but said that there ‘is still a long way to go to’ before inflation is fully under control.

The Independent UK

Price of Greggs sausage roll goes up again amid inflation pressures

The bakery chain says that even though consumers are facing cost of living pressures, its meals remain 'good value'

Chronicle Live

Eurozone inflation down more than expected but further interest rate rises ahead

Rising core inflation has intensified the challenge facing the European Central Bank

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Global economy 2023: why there will still be plenty of pressure on food prices in the year ahead

Welcome to this special report on the food industry, the fourth instalment in our series on where the global economy is heading in 2023. It follows recent articles on inflation, energy and the cost of living.

The Conversation

3 Stocks to Buy Like There's No Tomorrow

While inflation eased considerably for two consecutive months, the Fed signaled to keep raising interest rates through this year. The potential continuation of rate hikes has fueled recessionary concerns. Amid an uncertain macroeconomic backdrop, it could be wise to buy fundamentally strong stocks Merck (MRK), Biogen (BIIB), and MasterCraft Boat…

StockNews.com

Greggs increases the cost of popular baked snack AGAIN despite rising sales

Greggs has reported strong sales growth for 2022, but despite that, the bakery chain has been forced to increase the cost of its most popular baked item once again due to rising inflation

Daily Mirror

Inflation in Europe slows again, hitting 9.2% in December

Europe ended a bad year for inflation with some relief as price gains eased again

The Independent UK

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Asian shares mostly rise in muted trading on bargain-hunting

Asian shares are mostly higher after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates

The Independent UK

Another strong month of hiring would put Fed in tough spot

The jobs report the government will issue Friday is expected to show that December was another healthy month for hiring — a boon for those looking for work but a problem for the Federal Reserve if it persists

The Independent UK

Inflation rate poised to slow to 2-3% in 2023

Thailand's inflation rate is expected to slow to 2-3% this year after soaring to a 24-year high last year, driven mainly by rising energy prices.

Bangkok Post

Fleeing back to the provinces

Workers in Bangkok who live from hand to mouth have decided to return to their hometowns as the cost of living in the capital becomes unaffordable.

Bangkok Post

Chevy Bolt EV Price Increases By $900 For 2023, Starts At $27,495

It also qualifies for up to $7,500 in EV tax credits under the Inflation Reduction Act, which took effect on January 1.

Motor1

2 Growth Stocks to Buy Now for Outsized Returns in 2023

Alarmingly high inflation and the Fed’s hawkish stance have hampered investors’ sentiment. However, the stock market could see a rebound this year. Hence, quality growth stocks CVS Health (CVS) and Universal Logistics (ULH), which look poised to deliver solid returns in 2023, might be ideal buys now. Read on….

StockNews.com

3 Stocks to Be Sure to Avoid This Week

Last year has been painful for the stock market due to rampant inflation and rate hikes, where most tech stocks bore the brunt of massive selloffs. With elevated inflation and a looming recession, the market is expected to remain volatile in the near term. Hence, fundamentally weak stocks NVIDIA Corp.…

StockNews.com

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France 24

'Significant likelihood of Russian escalation' in 2023: Eurasia Group's Ian Bremmer

2022 was dominated by Russia's invasion of Ukraine, the energy and inflation crises that stemmed from the war, as well as ongoing disruptions to global supply chains. In this show, we're looking ahead to 2023 with Ian Bremmer, president and founder of the Eurasia Group. It has just published its…

Wales Online

Will teachers go on strike in 2023? Everything you need to know as teachers ballot for strike

Teaching unions are currently asking their members if they want to strike over pay

StockNews.com

2 "Strong Buy" Penny Stocks to Add to Your Portfolio Now

Although inflation is cooling, the Fed is expected to keep raising interest rates this year, increasing the odds of the economy tipping into a recession. Amid an uncertain economic backdrop, it could be wise to add fundamentally sound penny stocks ARC Document Solutions (ARC) and Good Times Restaurants (GTIM) to…

The Conversation

Global economy 2023: how countries around the world are tackling the cost of living crisis

The rising cost of living is biting businesses and households around the world. Editors from across The Conversation’s international network have asked local academic experts to explain how their countries and regions are tackling this issue, as well as the 2023 outlook for prices and interest rates where they live.

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Fortune

Bosses at Britain's biggest companies have already been paid an average worker's annual salary

CEOs at the U.K.’s biggest firms earned the average Brit’s salary 9 hours earlier in 2023 than they did a year ago.

The Independent UK

Fewer Americans file for jobless claims last week

Fewer Americans applied for jobless benefits last week, reflecting a still-robust job market despite the Federal Reserve’s efforts to cool the economy and bring down decades-high inflation

Fortune

JP Morgan warns of gloomy job market ahead as the economy 'slips into a recession'

Hopes for a Fed pivot are premature, as Jay Powell has not succeeded yet in anchoring inflation expectations.

StockNews.com

The major market indexes endured a difficult time last year amid high inflation and the Fed’s rate hikes. With the Fed stating that high-interest rate hikes will continue through 2023, the market could remain under pressure. Therefore, it could be wise to buy trending stocks Salesforce (CRM), Altria Group (MO),…

Fortune

U.S. inflation battle is not yet won, says top IMF official

The IMF's second-in-command is backing the Fed in its fight against inflation, advising Jerome Powell to "stay the course" with rate hikes.

Fortune

CFOs brace for a long and deep recession—in the U.K.

Finance chiefs view bank borrowing and debt issuance as the least attractive it has been since the financial crisis.

Tribune News Service

Conor Sen: The January inflation bump Americans should welcome

Inflation was the bogeyman of 2022. Here at the dawn of 2023, the big question for the U.S. economy is whether or not — and when — we'll dip into a recession this year. In that respect, the bogeyman could become more of a friend.

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