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The Latest Breaking News from Inflation

London to be hit by £1.4 billion mortgage timebomb

Interest rate hikes will mean homeowners face bigger bills as cheap fixed deals expire

Evening Standard

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

Fortune

Huge price increase means ‘dummy’ coffee jars are appearing in supermarkets

Cost of instant coffee has risen by some 13 per cent over past year

The Independent UK

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read the most diverse news in one place.

Food price rises may have FINALLY peaked in glimmer of hope for shoppers

The price of groceries went up by 15.4% in the year to May, down from 15.7% in April, according to the latest British Retail Consortium and NielsenIQ inflation tracker

Daily Mirror

Nvidia becomes world’s first chipmaker worth more than $1tn – as it happened

The AI boom is driving demand for chips from manufacturers like Nvidia, which has seen its share price soar

The Guardian - UK

Eyewatering rise in food prices might be starting to slow down

Food inflation fell to 15.4% in the year to May, according to a survey

Manchester Evening News

Seven important changes to money, benefits and shopping rules coming in June

You need to know if you have a mortgage, shop at Tesco, or bank at Nationwide while there is a key date for everyone who pays energy bills

Wales Online

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Food inflation slows to 15.4% in May after April record, survey suggests

May data is still the second fastest annual increase the BRC has ever measured, it said

The Independent UK

Agreed house sales in UK at highest point this year, says Zoopla

But property website warns that rebound in activity could be hit by rising mortgage rates

The Guardian - UK

UK food inflation dips in May, raising hopes rate of price growth is slowing

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh high

The Guardian - UK

Food inflation slows in May after April record, survey suggests

Food inflation fell to 15.4% in the year to May, according to a survey by the British Retail Consortium and Nielsen.

The Independent UK

Seven money changes coming in June including new DWP cost of living payment and Tesco Clubcard shake-up

From Tesco Clubcard holders to the £150 disability cost of living payment, there are massive money shake-ups coming in June

Chronicle Live

Germany’s heating plan: from green dream to red alarm

Germany has had one of the world’s most ambitious energy and climate policies but with high inflation rates, a sluggish economy, and the Ukraine war, it's not be the time for ambitious, costly and utopian policies

Newsroom.co.nz

3 Value Stocks Investors Want

Strong recent economic data and still-elevated inflation are expected to keep the Fed on track for another interest rate hike next month. With the stock market likely to remain volatile amid rising interest rates and other macro uncertainties, fundamentally sound stocks Astellas (ALPMY), Alkermes (ALKS), and AstroNova (ALOT), trading at…

StockNews.com

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WEKU

Erdogan's victory could be fateful for Turkey's democracy and role in the world

The longtime leader overcame dissatisfaction over high inflation and a slow earthquake response to secure another five-year term as president.

Daily Record

Seven money changes happening in June - from Clubcard updates to £150 payment

Next month will see a few different changes happening in terms of money, so here's a list of everything you should be aware of.

StockNews.com

CVS Health (CVS) vs. MedAvail Holdings (MDVL): Which Is the Better Buy?

The drug store industry is well positioned for long-term growth thanks to the growing demand for prescription drugs. Let’s compare CVS Health (CVS) and MedAvail (MDVL) in this space to determine which is better positioned to capitalize on the industry’s solid growth prospects….

Al Jazeera

After Turkey election win, what problems does Erdogan face next?

Economic concerns and relations with the West lie at the top of Erdogan’s agenda after presidential election victory.

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news in one place.

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Manchester Evening News

Seven money changes coming in June and how they'll impact your bank account

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

Axios

Memorial Day weekend barbecues and parties cost more with inflation

Inflation is driving up the prices of burgers and hot dogs for your holiday barbecue.

The National (Scotland)

UK Government slated for 'weak approach' to food price cap plans

THE UK Government has been slated for its “weak approach” to introducing a food price cap which would only involve a voluntary agreement with…

Manchester Evening News

Leisure centre announces sudden closure due to rising energy bills and inflation

The council say costs of running the centre had soared compared to before the Covid-19 pandemic.

Daily Mirror

Seven money changes coming in June - including £150 payment and Tesco Clubcard shake-up

We round up all the money changes and updates coming in June - from a huge shake-up of the Tesco Clubcard scheme, to the £150 disability cost of living payment and more

StockNews.com

Why These 3 Stocks Could Deliver Massive Returns

Still-high inflation and strong consumer spending strengthen the case for the Fed’s other interest rate hike in June. Amid growing rate-hike bets and the recent U.S. debt limit deal, the stock market is expected to remain highly volatile in the near term. Hence, it could be wise to invest in…

The Guardian - UK

This is the reality of running a small restaurant in Britain right now. It’s a miracle we survive

Sales may be back to pre-Covid levels, but inflation is eating into our tiny profits. Here’s how the finances work, says Mandy Yin, chef-owner of Sambal Shiok in London

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