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The Latest Breaking News from Inflation

Ignore the doomsayers, the sky won’t fall if Australian workers get a pay rise

There has not been a wages breakout even in this period of extraordinary inflation, yet the fear of one continues to be spread

The Guardian - AU

‘Simply about survival’: ACTU calls for 7% pay rise for lowest-paid workers to keep pace with inflation

Minimum hourly rate would rise to $22.88 – or $45,337 a year – if the Fair Work Commission grants the increase

The Guardian - AU

Inflation is declining, but health premiums and medical costs are heading higher

WASHINGTON — During the pandemic, health care costs — usually a main driver of U.S. inflation — remained surprisingly stable, rising just about 2% annually even as prices for many goods and services soared more than three or four times that rate.

Los Angeles Times

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Jeremy Hunt promises to find extra cash to help fund public sector pay deals

UK chancellor tells MPs high level of inflation means Treasury support is necessary to avoid cutting frontline services

The Guardian - UK

Britain’s Next Sees Lower Clothing Inflation, Shares Dip on Cautious Outlook

British fashion retailer Next (NXT.L) reported a better-than-expected 5.7% rise in annual profit on Wednesday and said it would not need to increase prices by as much as previously thought. However, it still expects higher spending on wages, energy and technology to reduce its profit this year, and the retailer's…

Asharq Al-Awsat

Hunt says no decision yet on extra funding for public sector pay awards

The Chancellor has told the Commons Treasury Committee that there is ‘no room for complacency’ on inflation.

The Independent UK

The cost of NHS prescriptions will rise from this weekend

Prescriptions will rise by the inflation rate of 3.21 per cent this weekend

Manchester Evening News

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'Households are going to have more money to spend' - Expert gives inflation projection for 2023

"There have been developments in the energy markets in particular over the last couple of months that lead us to believe that the inflation rate won’t be as high as that for this year"

Irish Mirror

Housing market 'completely altered' as first quarter prices fall for the first time in decade

'The invasion of Ukraine and the associated shift in macroeconomic conditions, especially the rise in inflation and in interest rates, has completely altered conditions in the [housing] market'

Dublin Live

Next expects price rises to slow this year in sign that inflation is easing

Retailer reports record annual profits of £870m after stronger-than-expected sales but says 2023 could be ‘very challenging’

The Guardian - UK

Scottish economy expected to return to growth in 2024

Projections suggest Scottish GVA will fall by 0.6% during 2023, largely within in the first six months

Insider UK

BoT raises key rate a quarter-point

The Bank of Thailand on Wednesday raised its benchmark interest rate for a fifth straight time and signalled that more tightening is on the horizon to return inflation to its target.

Bangkok Post

Afternoon Update: all eyes on RBA as inflation slows; Hillsong founder’s DUI charge; and amateur prospector’s $250,000 find

Annual inflation rate dropped in February to 6.8% – the slowest pace since June last year

The Guardian - AU

Cost of the South Wales rail Metro electrification project hits £1bn

Covid and soaring inflation has pushed up the cost of the Welsh Government's flagship transport project by around 40%

Birmingham Post

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The New Daily

Burke hints at support for another big lift in minimum wage

The government has given its strongest indication yet of support for the minimum wages, as inflation continues to bite.

The New Daily

Watch: Inflation falls, Obama Aussie tour, Re-shaping DV attitudes

Watch: Inflation figures fall. Former US President Barack Obama has attended his first public speaking event of his Australian tour in Sydney last night.

The Guardian - AU

Australia’s annual inflation rate falls to 6.8% fuelling hopes cost of living pressures are easing

Figures indicate Reserve Bank may consider pausing interest rates at its next meeting on Tuesday

The New Daily

Inflation slows ahead of crunch interest rates decision

Inflation has moderated to 6.8 per cent in the 12 months to February, down from 7.4 per cent in January.

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ABC News

Inflation keeps falling, increasing chances of a Reserve Bank interest rate pause

The official measure of inflation falls for the second month in a row, easing pressure on the Reserve Bank to hike interest rates next week.

The Guardian - AU

Thorpe votes with Coalition on Indigenous land council inquiry – as it happened

This blog is now closed.

Daily Mirror

Asda shopper compares food prices to what she paid a year ago and can't believe her eyes

Asda customer and self-professed 'nerd' Julie McHamish checked her shopping list from the same week a year ago to compare the prices and was stunned to see how much inflation had hit

Irish Mirror

Crypto holders urged to 'try not to panic' as inflation may cause crash

Turbulence in the crypto market can lead a lot of people to panic and sell their coins

StockNews.com

3 Stocks to Plan on Retiring With

High inflation and stock market volatility necessitate adding a defensive layer to your portfolio to save yourself from exhausting all your savings. Hence, one could consider planning their retirement with quality stocks Oracle Corp. (ORCL), CVS Health (CVS), and Humana (HUM), given their strong fundamentals and steady returns. Read on….

Fortune

Goldman Sachs says the banking meltdown is a 'headwind' for the economy but not a recession-causing 'hurricane'

Goldman's chief economist believes tighter lending standards after SVB's collapse will help fight inflation instead of causing a "hurricane that pushes the economy into recession."

AAP

Labor's values unchanged on minimum wage rise

Australia's lowest-paid workers may be in line for a pay rise that keeps up with living costs as the government's position on the minimum wage takes shape.

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