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The Latest Breaking News from Inflation

Car tax rising from TODAY in blow for drivers - see how much more you'll pay

Car tax - known more formally as Vehicle Excise Duty - will increase in line with Retail Price Index (RPI) inflation of 10.1% from April 1, in bad news for drivers

Daily Mirror

Seven things that will cost you more money in April including water and tax

April marks the start of a new financial year - here are the price increases to be aware of next month

Liverpool Echo

High inflation pushes poverty rate even higher in Argentina

One of the world’s highest inflation rates is making it more difficult to make ends meet in Argentina

The Independent UK

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Thai exports expected to recover in second half

The Commerce Ministry projects the country's export sector to gradually recover in the latter part of the year as inflationary pressures and global supply chain issues align with energy price trends.

Bangkok Post

Laura Tingle becomes ABC staff-elected director – as it happened

The 7.30 political correspondent will sit on the broadcaster’s board alongside chair Ita Buttrose

The Guardian - AU

CEOs are still bullish on decarbonization in wake of Inflation Reduction Act

Within the next two decades, an estimated 90% of U.S. businesses will face a physical risk to their business.

Fortune

Strength in Technology Stocks Leads the Broad Market Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.57%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.91%. Stock indexes Thursday posted moderate gains, with the S&P...

Barchart

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Family Planning Northern Territory to stop bulk billing from May as inflation sees costs soar for social services

The only free family planning centre in Australia is about to start charging a gap fee, due to rising inflation and wage increases.

ABC News

Stock Market Today: Stocks Rise Ahead of Next Inflation Update

The major indexes notched modest gains for a second straight day.

Kiplinger

Dollar Slips as Stocks and the Euro Rally

The dollar index (DXY00 ) on Thursday fell by -0.48%. An unexpected downward revision Thursday to U.S. Q4 GDP weighed on the dollar. Also, stronger-than-expected German inflation news Thursday was hawkish for ECB policy and pushed the euro higher against the dollar. In addition, a rally in U.S. stocks Thursday...

Barchart

Stocks could surge 14% by the end of the year—oddly, with help from the bank crisis

The economy and inflation could slow without the need for many more interest rate hikes—and it would be good news for stocks.

Fortune

Federal government backs wage increase for lowest-paid workers in line with inflation

The federal government has backed a wage rise for the nation's lowest paid workers in line with inflation, arguing they should not see their real wages go backwards.

ABC News

Labor tells wages umpire low-paid must not go backwards

The Albanese government will advocate for a wage lift that stops low-paid workers going backwards as business groups worry about higher wage bills.

AAP

Don't Sow Your Oats With These Failing Stocks

High inflation, labor shortage, and extreme weather conditions are expected to keep the agriculture industry under pressure this year. Therefore, fundamentally weak agriculture stocks Local Bounti (LOCL), Evogene (EVGN), and Edible Garden (EDBL) might be best avoided now. Read on.

StockNews.com

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The Guardian - US

Average Wall Street bonuses plummeted in 2022 to $176,700

Bonuses now at pre-pandemic levels, after profits started to fall for firms as inflation rose and fears of recessions started to hit

The Independent UK

Shoplifting in UK on the rise as food prices soar

Grocery price inflation hit record highs in March

The Guardian - AU

Australian employers say ‘excessive’ minimum wage rise in line with inflation could lead to recession

Claim comes as Albanese government argues Fair Work Commission should ‘ensure the real wages of Australia’s low-paid workers do not go backwards’

The Independent UK

More Americans file for jobless claims; layoffs remain low

U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation

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Reuters

Metal worker, soccer coach, honey salesman: three jobs to beat Argentina's 100% inflation

As Argentina's over 100% inflation rate saps earning power and outstrips wages, Jorge Pedro Armoa, 67, has found a painful solution: juggling three jobs as a metal worker, soccer coach and part-time salesman of medical creams, flip flops and honey.

Manchester Evening News

The seven things that will cost you more money from this weekend

Council tax and water bills are among the climbing costs to be aware of in April

The Walrus

Will Groceries Ever Be Affordable?

Food insecurity expert Sylvain Charlebois explains why flawed business regulations are making food unaffordable

Fortune

Top economists think the Fed will raise rates just once more before they're done

Economists have had their say on what the Fed will do later this spring –and when rates may finally begin to fall.

Asharq Al-Awsat

Egypt’s Central Bank Faces Multiple Crises, Limited Options

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold a periodic meeting on Thursday when options to contain successive shocks to the Egyptian economy remain limited before growing local and global crises. CBE will likely raise interest rates at today’s meeting to curb inflation, which…

France 24

Poverty on the rise in Lebanon amid deep economic crisis

Lebanon has been drowning in a series of crises since 2019. The economic, banking and political systems are in tailspin and the national currency has lost 98 percent of its value. With inflation in three-figure percentages for the third year running, eight out of 10 inhabitants now live under the…

France 24

Disney lays off Marvel Entertainment's chairman amid cost-cutting drive

Disney has laid off Isaac ("Ike") Perlmutter, the head of Marvel Entertainment, as part of its cost-cutting plans. The company began cutting 7,000 jobs this week in an effort to reduce $5.5 billion in costs. Also, Portugal scraps VAT on basic food products in a bid to fight inflation. Plus,…

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