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The Latest Breaking News from Inflation

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The Independent UK

Tesla Stock May Benefit From Fed's "Soft Landing," Says Goldman Sachs

As the Federal Reserve hopes to engineer a "soft landing," steering the economy clear of recession while maintaining inflation, Tesla could benefit greatly.

InsideEVs

France, Germany agree 'common line' on Europe's response to US Inflation Reduction Act

The French and German leaders pledged to strengthen ties at a meeting in Paris on Sunday. Among the issues discussed was how to boost European competitiveness to counter the US Inflation Reduction Act, which includes hundreds of billions of dollars in subsidies for American-made green tech. Plus, we take a…

France 24

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Tesco boss in ‘parallel universe’ over price rises, says farmers’ union

John Allan said producers may be using inflation as excuse to raise prices further than necessary

The Guardian - UK

Crime, inflation hammer support for Chile's Boric in tough first year

Carmen Villegas, 56, a housewife in Santiago, was one of the millions of Chileans who turned out to vote for Gabriel Boric in 2021, propelling the young leader to the presidential palace amid optimism over his plans to reduce deep-seated inequality.

Reuters

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

Reuters

Just as savings rates were being driven up, the brakes are on

Many banks and building societies are rowing back on their best offers: so grab them while you can

The Guardian - UK

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Supermarket prices surge and there's more inflation to come, warn analysts

Supermarket price increases accelerated over the past three months of 2022, with Woolworths leading the charge, according to research by investment bank UBS.

ABC News

New Zealand’s Chris Hipkins vows to focus on inflation ‘pandemic’ and ‘fairer’ tax system

Incoming prime minister echoes Jacinda Ardern’s promise to cut back Labour’s agenda to focus on cost of living issues

The Guardian - AU

ASX rises for fourth day in a row as investors focus on this week's inflation figures — as it happened

Australian shares reach a new nine-month high amid a day of volatile trade. Investors are awaiting the latest quarterly inflation numbers, which will influence the Reserve Bank of Australia's next move on interest rates.

ABC News

United Kingdom at a standstill as simultaneous strikes stall the country

Just about every public service sector has gone on strike in the UK as the worst wave of industrial action to grip Britain in decades looks set to continue well into 2023.

ABC News

Recession fears if interest rates hiked

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

AAP

Anti-monarchists plan protests at coronation of Britain's King Charles

British anti-monarchists said on Sunday that they planned to protest during the coronation of King Charles in May, saying the ceremony was "a slap in the face" for most people struggling with high inflation.

Reuters

Iran’s Raisi Pledges to Tackle Inflation

Iranian President Ebrahim Raisi on Sunday set the tackling of galloping inflation and currency devaluation as priorities for the 2023-2024 budget presented to parliament. The pledge came as the rial touched a new low. Addressing MPs, Raisi tried to reassure Iranians over the economy which faces a serious crisis due…

Asharq Al-Awsat

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The Guardian - UK

This attempt to cut the pay of public servants offends a basic British sense of fairness

The revered philosopher John Rawls had it right: most citizens believe that the government has an obligation to create a just society

The Guardian - UK

Jeremy Hunt led calls for big pay rise for NHS nurses last summer

Chancellor, as chair of select committee, signed off report saying it was ‘unacceptable’ that nurses were struggling to feed families

AAP

Inflation tipped to peak in fresh data

Australians will get a pulse check on the rising costs of living when inflation figures for the December quarter drop.

AAP

Treasurer hopes worst of inflation is over

Treasurer Jim Chalmers has flagged further cost-of-living relief for Australian households struggling to cope with soaring prices.

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Tribune News Service

Peak gasoline heralds price shocks for drivers, inflation headaches

Gasoline demand in the U.S. has peaked, with a surprise slowdown last year signaling that consumption is unlikely to ever again return to pre-COVID levels.

Newsroom.co.nz

Economy will be a rough ride no matter what

While Jacinda Ardern’s resignation is not likely to cause economic instability, new Prime Minister Chris Hipkins will have to contend with significant existing problems such as the cost of living crisis and declining business confidence, argues Dr Murat Ungor.

Liverpool Echo

We bought the same items from 12 shops including Asda, Tesco, Aldi and Lidl to see which was cheapest

We visited 12 shops; Asda, Tesco, Morrisons, Sainsbury’s, Lidl, Aldi, Home Bargains, Farmfoods, M&S Food, Waitrose, Iceland and Heron Foods

Fortune

Top economist Mohamed El-Erian sees inflation getting 'sticky' at 4%—and a growing chorus sees the dawn of a new world in investing

At the World Economic Forum in Davos, the world’s business leaders fretted over the possibility that inflation won’t fall back to central banks’ targets.

Asharq Al-Awsat

Inflation in Morocco Rises to 6.6%

Inflation in Morocco during the past year reached 6.6 percent, as a result of the increase in food and transport prices, showed data issued by the High Commission for Planning. The increase is due to a spike in food prices by 11.0 percent and non-food items by 3.9 percent, and…

StockNews.com

Investors: Please OPEN Your Eyes

The S&P 500 (SPY) seems to be on the verge of an important breakout above the key level of 4,000. That’s because some are applauding the lowering of inflationary pressures. However, the flip side of that coin is that this is happening because of a recession looming on the horizon…

ABC News

Inflation is measured using a basket of goods. So how much have prices gone up?

Inflation is measured using a basket of goods. Here's how much the price of groceries, eating out and fuel has gone up since 2020.

1 … 585 586 587 588

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