The Latest Breaking News from Inflation

What the public sector pay rises announced by Government mean for strikes, budgets and inflation

The Government has announced significant pay increases for public sector workers of around 6% or more

Evening Standard · Jul 13, 2023

US wholesale prices for June point to further easing of inflation pressures

Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve’s streak of interest rate hikes

The Independent UK · Jul 13, 2023

Fast-rising borrowing costs putting UK public finances at great risk, warns OBR

Gloomy report says national debt could exceed 300% of GDP within next 50 years

The Guardian - UK · Jul 13, 2023

Biden frames his clean energy plan as a jobs plan, obscuring his record on climate

President Biden's Inflation Reduction Act invests $369 billion to address the climate crisis. But as the president focuses on the law's economic benefits, is his climate win getting lost?

WEKU · Jul 13, 2023

Sunak and Hunt meeting to finalise public sector pay deals

The Prime Minister and Chancellor could face a backlash from unions if they reject the recommendations of pay review bodies.

The Independent UK · Jul 13, 2023

Brickbat: The Rising Cost of Getting By

Starting July 12, New York City will require food delivery apps to pay their workers $17.96 an hour. That will rise to $19.96 in hour in 2025 and then be indexed to inflation. Prior to the law taking effect, food delivery workers were making about $12 an hour in the…

Reason · Jul 13, 2023

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK · Jul 13, 2023

Barclays, Yes Bank raise India inflation forecast as prices jump

NEW DELHI: A higher-than-expected India inflation reading in June has prompted some economists to raise their forecasts for consumer price gains for the year, cementing expectations the central bank will take more time to pivot to rate cuts.

The Times of India · Jul 13, 2023

Stock market today: Asian shares jump on Wall Street's return to its highest level in over a year

Asian shares have opened higher, boosted by Wall Street’s return to its highest level in more than a year after a report showed U.S. consumer inflation cooled a bit more than expected last month

The Independent UK · Jul 13, 2023

Confidence growing in East Midlands economy

NatWest business survey found inflation eased in June and business confidence was at its strongest since early 2022

Birmingham Post · Jul 13, 2023