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The Latest Breaking News from Inflation

Jeremy Hunt mocked over ‘Mr Bean-esque’ video explaining high inflation

Chancellor Jeremy Hunt used a video set in a cafe to explain the rising cost of coffee

Evening Standard

Jeremy Hunt mocked for 'Mr Bean-esque' video explaining why inflation is so high

The Chancellor was accused of airbrushing out Liz Truss's disastrous economic policy as he blamed Covid, the war in Ukraine and rising energy prices for inflation in a bizarre two-minute video

Daily Mirror

How will drop in inflation affect plans to raise UK interest rates?

Bank of England must proceed with caution as households are still cutting back and business confidence is weak

The Guardian - UK

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Chancellor Jeremy Hunt mocked over 'coffee cup' video explaining inflation

The Government’s aim to halve the inflation rate by the end of the year was listed as one of the “peoples (sic) priorities”

Wales Online

US consumers spend more than they make as inflation bites

Inflation may be easing, but high prices are a still a big problem.

Axios

As its only remaining elected officials depart, Haiti reaches a breaking point

In the years since Haiti last held a democratic election, the challenges facing the country have spiraled: gang violence, inflation, a cholera outbreak. "It's a collapse," one outgoing senator said.

WEKU

Jeremy Hunt mocked over video using coffee cups to explain inflation

Chancellor compared to Mr Bean and criticised for not mentioning Brexit or Truss in ‘condescending’ clip

The Independent UK

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Jeremy Hunt mocked for 'patronising' video explaining inflation

Jeremy Hunt has been mocked for appearing in a “patronising” video explaining how the UK Government is going to halve inflation.

The National (Scotland)

Full list of biggest price rises from food to eating out as inflation falls to 10.5%

Although it has reduced, the Consumer Prices Index (CPI) rate of inflation still remains at one of the highest levels in 40 years as the cost of living crisis continues

Daily Mirror

World shares mixed, yen falls after BOJ keeps policy intact

Share are mixed in Europe and Asia, with Tokyo gaining more than 2% after Japan's central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit

The Independent UK

Jeremy Hunt preparing ‘slim Budget without tax cuts’

Chancellor wants to balance the books, as Liz Truss supporters launch tax-cutting growth group

The Independent UK

UK inflation eases for a 2nd month, falling to 10.5%

U.K. inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked

The Independent UK

Food prices at 45-year high despite slight dip in inflation, figures show

THE rate of inflation eased further back last month but cost pressures remained intense for struggling households as food prices hit another 45-year…

The National (Scotland)

Food prices continue to soar even as inflation eases back

A 45-year high for food costs, but new statistics show inflation may have passed its peak

Evening Standard

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The Guardian - UK

‘Bloody hard work’: baker Warburtons battles soaring food inflation

Family business says sky-high bills for energy and wheat are causing friction as customers experience cost of living crisis

The Independent UK

Inflation falls again to 10.5% as petrol prices drop

‘Notable’ drop in fuel prices helped UK inflation ease back again but food costs continue to spike

Insider UK

Inflation eases further due to steep fall in fuel prices

Falling inflation is still unlikely to stop the Bank of England from hiking interest rates further in February

Wales Online

Inflation falls as drop in petrol and diesel prices gives families some relief

The cost of clothing was also noted as a factor in the drop

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Evening Standard

FTSE 100 Live: Inflation rate falls for second month in row, Burberry posts update

More signs that inflation has peaked emerged today after the Office for National Statistics recorded an annual rate of 10.5% for December.

Evening Standard

Inflation falls by 0.2% to 10.5% but food prices go up by eye-watering 16.9%

There is no sign of easing in food prices, which rose by 16.9% in the 12 months to December 2022

Daily Mirror

Inflation dips to 10.5% but remains close to 40-year high - what it means for your money

Consumer Prices Index (CPI) inflation fell to 10.5% in the 12 months to December - this is down from 10.7% in November and 11.1% in October when it hit a 41-year high

The Guardian - UK

UK inflation dips but food prices rise 17% amid squeeze on low-income families

Annual rate falls in December, although it remains at one of the highest levels in 40 years

Wales Online

One food item now 188% more expensive than a year ago as price of basics up 30%

Lidl and Aldi prices have risen fastest and supermarket budget ranges have seen the biggest hikes - 20% more expensive now than a year ago

The Independent UK

Tokyo shares jump after Bank of Japan keeps policy unchanged

Share have advanced in Asia, with Tokyo gaining more than 2%, after Japan's central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit

The Independent UK

Products hit worst by food price inflation in last three months as basic groceries soar by 30%

Prices rise in Lidl more than any other major supermarket, figures reveal

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