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The Latest Breaking News from Inflation

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors

The Independent UK

Congress slams Modi government over price rise, organises flash protests outside BJP headquarters

The All India Mahila Congress, led by its chief Netta D’Souza, organised a flash protest outside the BJP’s headquarters to demand relief for people from the rising inflation in prices of essential food items.

The Hindu

People are finally waking up to the truth about our economy

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The National (Scotland)

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7 highlights from Rishi Sunak mega-grilling on small boats, cost of living and inflation

The PM often looked uncomfortable as he was quizzed by senior backbenchers on issues such as a rise in migrant crossings by small boat across the Channel, the cost of living crisis and inflation

Daily Mirror

Rishi Sunak feels pressure over ‘five key pledges’ as he denies ‘stop the boats’ promise on hold amid Rwanda court battle

Prime Minister also tells MPs he is ‘throwing everything’ at inflation on the six-month anniversary of setting his five priorities for the nation

Evening Standard

Wimbledon food and drink prices: Why is the cost of items causing a stir?

Organisers the All England Lawn Tennis Club say food and drink inflation is a ‘significant challenge nationwide’ and that they had had to increase prices

Evening Standard

Enjoy it while you can: July’s RBA rate pause is likely to be fleeting, unless a lot goes right

Inflation remains too high globally – and Australia’s may still be ‘out of whack’ by the time the board next meets in August

The Guardian - AU

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OPINION - West End Final: The economic indicator that says we’re headed for recession

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

Evening Standard

Sainsbury's boss insists food prices ARE starting to fall in boost for shoppers

Supermarket boss says prices will remain higher since Russia's invasion of Ukraine, when a number of key commodities from wheat to oil surged in cost

Daily Mirror

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK

Sainsbury's bosses believe they are starting to see the decline of massive price hikes

The UK's second-largest chain has issued an important update about the price of your weekly shop

Manchester Evening News

3 Home Improvement Stocks Worth Buying This July

With easing inflation and increasing demand for smart and energy-efficient remodeling solutions, the home improvement industry looks poised to grow in the long run. Therefore, fundamentally strong home improvement stocks Sherwin-Williams (SHW), Kingfisher (KGFHY), and Energizer Holdings (ENR) might be solid buys. Read on.

StockNews.com

Fears mortgage rates could hit 7 per cent as experts say rises are ‘out of control’

Bank of England urged to pause hikes and Sunak pressured to offer more support to homeowners facing ‘rolling financial thunder’

The Independent UK

Rishi Sunak’s five pledges: What are they and how much has been achieved?

Mr Sunak made five pledges to “build a better future for our children and grandchildren”. Six months later, what has been achieved?

Evening Standard

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The Independent UK

Retailers beware: Resumption of student loan payments could lead some buyers to pull back

The reprieve is over

WEKU

Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

Daily Mirror

Rishi Sunak's five pledges six months on - from NHS waits to small boats crisis

Rishi Sunak is scrambling to turn around the Tories' fortunes but time is running out for him to deliver on his 'five priorities' for Government ahead of the next general election - see how he's fared

The Guardian - UK

Food inflation starting to fall, says Sainsbury’s as sales rise

Like-for-like sales up 9.8% in quarter and supermarket says it has put more than £60m into cutting prices of basics

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Bristol Post

Rising food prices are starting to ease, says Sainsbury's boss

The cost of the weekly shop has been rising quickly

Wales Online

Sainsbury's boss says rising food prices are starting to ease

The cost of the weekly shop has been rising quickly

The Guardian - AU

Afternoon Update: RBA warns of more rate hikes; dogs rescued from ‘horrific conditions’; and Australia records 7th-warmest June

Cash rate pauses at 4.1% but governor says further rate rises are possible depending on the economy and inflation

The Guardian - UK

Five-year mortgage rate hits 6% as savings lag behind; UK ‘only G7 member with rising inflation’ – as it happened

Mortgage rates hit highest since last autumn, adding to squeeze on borrowers

The Independent UK

Australian central bank leaves its benchmark cash rate at 4.1% but warns there may be further hikes

Australia’s central bank has left its benchmark interest rate at 4.1% after inflation fell to 5.6% in May from 6.5% a month earlier

The Conversation

The RBA has kept interest rates on hold. Here's why it'll be cautious from here on

The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.

The Guardian - AU

RBA interest rates: banks split on future rate hikes as uncertain economic outlook prompts pause

Homeowners with a mortgage will be breathing a sigh of relief after RBA paused rate rising at Tuesday’s board meeting

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