The Latest Breaking News from Inflation

The October inflation report has raised optimism. However, inflation is far from the Fed’s target, and rate hikes could continue. Amid widespread recession fears, quality penny stocks trading under $3, Overseas Shipholding (OSG), Good Times Restaurants (GTIM), and Educational Development (EDUC) could be solid buys instead of high-priced stocks. Read…

Fans have expressed outrage at the prices for the current strip and costs have risen faster than inflation - with 'stadium' shirts starting at just under £75, while the 'match' shirts similar to the ones the players wear cost £40 more

Higher costs are pummeling restaurants. Many have cut hours and portions and raised prices. Lou Malnati’s Pizza raised prices 8% across the board — more in a year “than ever in our history.”

Many people on low incomes will have breathed a sigh of relief when the UK Chancellor, Jeremy Hunt announced, in his autumn statement on November 17 2022, that he would be increasing benefits by 10.1% in 2023. This is almost in line with the rate of inflation.

Recession to last until 2024 as taxes climb to highest level since Second World War

U.S. Trade Representative Katherine Tai acknowledged Seoul's concerns with the U.S. Inflation Reduction Act during a meeting with South Korea's Trade Minister Ahn Dukgeun at the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok, Tai's office said on Friday.

While the October inflation report came in better than expected, it is far from the Fed’s target. Amid rising recession odds, consumer sentiment is declining. Therefore, fundamentally weak stocks NVIDIA (NVDA), Carnival Corporation (CCL), AMC Entertainment (AMC), Peloton Interactive (PTON), and Mullen Automotive (MULN), which have been slumping in price,…

The sky-high inflation is far from the Fed’s target, heightening the recession concerns. Cruise companies might feel the brunt as consumers tend to cut back on discretionary spending during economic slowdowns. Thus, we believe fundamentally weak stocks such as Royal Caribbean Cruises (RCL), Carnival Corporation (CCL), and Norwegian Cruise Line…

Thousands of Portugal's doctors, nurses, teachers and civil servants walked off the job on Friday to demand wage increases amid rampant inflation, challenging the majority Socialist government a week before a final vote on the 2023 budget.

The state pension will increase in line with inflation

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation