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The Latest Breaking News from Inflation

Union calls on staff at 7 German airports to strike Friday

A German labor union has called on workers at seven of the country’s airports to go on strike Friday to press demands for inflation-busting pay increases

The Independent UK

Profits down at Dunelm as inflation continues to bite

But one analyst said 'a drop off in first-half profit at Dunelm isn’t causing undue alarm' after getting the 'basics of retail right'

Birmingham Post

UK inflation might be easing – but don’t expect prices to fall

With food inflation at 16.7% and cost of gas up 130%, poorer households are still bearing the brunt of the cost of living crisis

The Guardian - UK

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India may consider tax cuts on fuel, maize to cool inflation: Report

NEW DELHI: India's retail inflation based on consumer price index (CPI) jumped to a 3-month high of 6.52% in January, making it necessary for the government to step and tame the rise.

The Times of India

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’

Cost of some burgers to go up by 20 per cent

The Independent UK

Inflation falls for third month in a row - but remains in double figures

New figures show it fell by more than expected in January

Wales Online

Inflation falls to 10.1% as fuel costs and air fares come down - Chancellor says fight 'far from over'

ONS said 'There are further indications that costs facing businesses are rising more slowly'

Insider UK

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War in Ukraine at 1 year: Pain, resilience in global economy

One year after Russia invaded Ukraine on Feb. 24, 2022, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world already contending with too much of both

The Independent UK

Inflation falls again but remains close to 40-year high

The rate of inflation slowed slightly last month to 10.1 per cent, official figures reveal on Wednesday.

Evening Standard

UK inflation falls for third consecutive month to 10.1%

Office for National Statistics says drop driven by falling price of air and coach travel

The Independent UK

FTSE 100 Live: Index breaks 8000, UK inflation falls, Barclays results

The FTSE 100 crossed the 8000 barrier today, after a strong afternoon session.

Evening Standard

UK inflation falls but remains in double digits at 10.1%

Official annual rate drops in January for third straight month, although households still under pressure

The Guardian - UK

Inflation falls for third month in a row to 10.1% - what it means for your money

Today's 10.1% figure is marginally down from the 10.5% previously recorded and means inflation has fallen further back from a 41-year high of 11.1% recorded in October

Daily Mirror

UK inflation falls from 10.5% to 10.1% amid ongoing cost of living crisis – business live

Live, rolling coverage of business, economics and financial markets as transport and motor fuel prices contribute to decline in inflation

The Guardian - UK

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The Independent UK

Asian stocks fall after US inflation feeds rate hike fears

Asian stock markets have slipped after U.S. inflation edged down less than expected, fueling concern the Federal Reserve might think more interest rate hikes are needed

Fortune

Your raise might be a pay cut

If your income hasn't risen by at least 16.2% since December 2019, in economic terms, your "real" wages have fallen.

The Guardian - AU

How high will Lowe go? Five things we learned from RBA governor’s parliament appearance

Philip Lowe tells Senate estimates that interest rates must keep rising to tame ‘corrosive’ inflation – and he is not resigning

Bangkok Post

Inflation slowing, no need for big rate hikes - central bank

Thailand's inflation will likely slow down this year and there is no need for the central bank to raise interest rates aggressively like other countries, Bank of Thailand (BoT) deputy governor Mathee Supapongse said on Wednesday.

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The Guardian - AU

Philip Lowe says interest rate rises painful but for the best, predicting more to come

Inflation is dangerous, corrosive and hurts people, RBA governor tells Senate estimates

The New Daily

RBA boss reveals ‘disturbing’ letters from families as mortgage bills skyrocket

Reserve Bank boss Philip Lowe has revealed he's received a series of "disturbing" letters from families about their financial hardships.

AAP

New off-budget funds won't fuel inflation: Treasury

The Treasury secretary has defended Labor's housing and infrastructure funds and says they won't necessarily fuel the short-term inflation problem.

Fortune

Inflation may stick around for a decade because of millennial and Gen Z spending

Will young Americans' spending habits be what causes inflation to stick around longer?

StockNews.com

Strike 3 for Investors THIS Thursday?

The Fed is on a war path against inflation. The longer they stay hawkish, the more likely a recession forms…the more likely stocks (SPY) tumbling lower. In February there have been 2 clear strikes against the bulls. And Thursday potentially brings strike 3. What is it? What does it mean?…

France 24

EU Parliament votes to ban petrol, diesel cars from 2035

The European Parliament has given its’ green light to a plan to halt sales of petrol and diesel cars from 2035. It is a crucial part of the bloc's plan to become a "climate neutral" economy by 2050. Also in the show: US inflation remains hotter than expected, putting pressure…

ABC News

Banks smashed in ASX fall as Lowe doubles down on rate hikes; 'Twiggy' Forrest slams climate-denying politicians — as it happened

Bank shares are smashed as RBA governor Philip Lowe doubles down on the urgent need for rate rises to quash inflation, while Andrew Forrest urges climate change deniers to be removed from any positions of influence.

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