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The Latest Breaking News from Inflation

'More like surviving' - the year the cost of living engulfed Merseyside

People across the region have faced some of the hardest months in recent memory as living standards have plummeted amid soaring inflation and rising energy bills

Liverpool Echo

Dems, GOP have distinct priorities for 2023: AP-NORC poll

A poll finds Republicans and Democrats have sharply distinct views of what’s most important for the government to address amid high inflation

The Independent UK

Good Luck Qualifying for New Tax Credits on Electric Cars

The Inflation Reduction Act extended tax credits for buying electric vehicles, but the requirements will put them out of reach for most customers.

Reason

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UK inflation will fall in 2023 but energy bills and taxes will rise as house prices drop. Happy new year

Britain’s recession, however, will be relatively mild, although such forecasting is a mug’s game

The Guardian - UK

Despite infighting, it's been a surprisingly productive 2 years for Democrats

Despite more than a handful of setbacks, President Biden has delivered on several major promises since 2021, some with bipartisan support. Those compromises could be harder with the new Congress.

WEKU

Predictions for 2023 to take some of the stress out of household budgeting

Last year may have been bad, but at least we know what to expect in the coming months

The Guardian - UK

‘On the brink’: ambulance services in England face £14m rise in fuel bills

NHS insiders warn that some of the costs will have to be met from existing budgets amid renewed pressure on pay and construction costs

The Guardian - UK

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US jobs report likely to show still-tight labor market

The latest U.S. employment report is anticipated to highlight the resilience of the nation’s labor market through 2022, despite the most aggressive pace of monetary tightening in decades.

Tribune News Service

Rupee's Outlook Depends Largely On Global Monetary Policy Moves

Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022. Read on for details:

Dynamite News

These were the top political stories of 2022

There was a lot that happened in politics this year, from the consequential midterm elections to the Supreme Court's historic abortion ruling and record migration at the southern border.

WEKU

How Ghana, Africa’s rising star, ended up in economic turmoil

The West African nation is a major cocoa and gold exporter, so why is it battling its worst economic crisis in decades?

Al Jazeera

Inflation and recession

Central banks across the world have simultaneously hiked interest rates to tame runaway inflation in 2022. Yet the trajectory of interest-rate increases and other policy actions may not be sufficient to bring global inflation back down to levels seen before the pandemic.

Bangkok Post

Pain, few gains for investors as markets slumped in 2022

Investors found few, if any, places to safely put their money in 2022, as central banks in the U.S. and around the globe raised interest rates for the first time in years to fight surging inflation, stoking fear of a global recession

The Independent UK

Equity investors turn richer by Rs 16.38 lakh crore in 2022

NEW DELHI: Dalal Street investors became richer by more than Rs 16.38 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries.

The Times of India

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StockNews.com

2 Stocks You Can Buy This Week for Less Than $50

Recessionary fears continue to weigh on investors’ sentiment as inflation is still soaring high, and the Fed is likely to continue with its aggressive interest rate hikes. With prospects of a mild recession next year, it could be wise to invest in fundamentally strong stocks Comcast Corp. (CMCSA) and Albertsons…

Asharq Al-Awsat

Tunisia Central Bank Raises Key Rate by 75 Bps to Curb Inflation

Tunisia’s central bank on Friday raised its key interest rate by 75 basis points to 8% from 7.25% to combat high inflation, the bank said, marking the third hike this year. Tunisia's inflation rate jumped to a record 9.8% in November from 9.2% in October. "Through this action, the Central…

Al Jazeera

Analysts predict economic struggles for Zimbabwe in 2023

Ahead of the 2023 polls, there are concerns that Zimbabwe’s economic woes could spill over.

Fortune

Americans took better care of their finances this year

Many Americans made the right financial moves this year. But thanks to inflation and a threat of recession, most don't believe 2023 will improve their finances.

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The Times of India

Sensex, Nifty end 2022 with over 4% gains: How markets outperformed global peers

NEW DELHI: When the year began, investors were looking forward to a rally similar to the past 2 years where the bulls were in charge. However, 1 month into 2022 and bears took over as markets reeled under uncertainties brought in by the Russia-Ukraine war.

Fortune

Wealth advisors offer money tips they’re sharing with their clients for 2023

We spoke with five wealth advisors to learn what they’re telling clients to do to prepare for 2023.

Daily Record

Cost of living warning to families as household incomes predicted to fall again this year

The financial squeeze is set to make 2023 a ‘groundhog year’ for many families.

WEKU

3 prime ministers, 2 monarchs, 1 year: This was Britain's tumultuous 2022

2022 was the year in which Great Britain lost its queen of seven decades, gained a new king and saw three prime ministers take office. The year concluded with multiple strikes and inflation near 11%.

Daily Record

Future of State Pension Triple Lock rule is 'difficult decision’ for UK Government, warns money expert

There is also speculation that the State Pension age could increase a decade earlier than planned.

The Independent UK

How to protect your retirement savings as living costs rise

Worried about the cost-of-living crisis impacting your pension? These expert tips could help, says Vicky Shaw.

Wales Online

2023 set to be 'year of recession', expert says

The cost of living crisis wrought havoc in 2022, but 2023 is not expected to be much better

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