The Latest Breaking News from Inflation

Retail sales rise 0.7% in July from June as inflation continues to ease

Americans increased their spending last month as inflation continued to ease on eggs, electronics, used cars and other items, and the job market remains healthy

The Independent UK · Aug 15, 2023

In 'Bidenomics,' Congress delivered a once-in-generation investment — with political promise, peril

There are so many dots on the maps they blur into blobs – each one reflecting trillions of public and private dollars flowing in the U.S. in a nationwide investment

The Independent UK · Aug 15, 2023

Global wealth fall cost 3.5m people ‘dollar millionaire’ status last year

UBS says assets dipped for first time since financial crisis as high inflation and struggling currencies took toll

The Guardian - UK · Aug 15, 2023

Food price inflation in UK falls for fifth month in a row

Reduction is second sharp drop in a row as milk and sunflower oil get price cuts while eggs, sweets and chips increase again

The Guardian - UK · Aug 15, 2023

Russia's central bank makes huge interest rate hike to try to prop up falling ruble

Russia’s central bank has made a large interest rate hike of 3.5%

The Independent UK · Aug 15, 2023

UK basic wage growth hits record high; Russia’s central bank lifts rates to 12% – as it happened

UK regular pay growth highest since 2001 while unemployment rate rises unexpectedly; rouble recovers afters Bank of Russia raises rates at extraordinary meeting

The Guardian - UK · Aug 15, 2023

Wages rising at fastest pace since records began, while unemployment unexpectedly up

The news will almost certainly encourage the Bank of England to raise interest rates even further

Evening Standard · Aug 15, 2023

FTSE 100 Live: ‘Little doubt interest rates rise again’ after record pay growth, unemployment up to 4.2%

The UK unemployment rate rose to 4.2% in June, it was revealed today, despite expectations that it would remain at 4%.

Evening Standard · Aug 15, 2023

Vishwakarma scheme, economy, Manipur: Key takeaways from Modi’s Independence Day speech

With the Red Fort’s ramparts missing the usual heavy floral decorations this time, Prime Minister  Narendra Modi began his Independence Day speech by referring to citizens as his “parivarjan” (family members), instead of his usual “mere pyaare deshwaasiyon” (my beloved countrymen).

Newslaundry · Aug 15, 2023

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 · Aug 15, 2023