The Latest Breaking News from Inflation

US wage growth stronger than expected in June, but job creation slows – as it happened

Wages rose by 0.4% last month, while total nonfarm payroll employment increased by 209,000, and the unemployment rate has dropped to 3.6%

The Guardian - UK · Jul 7, 2023

US jobs report likely to show a solid gain, potentially complicating Fed's drive to cool inflation

Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is in sight yet could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation

The Independent UK · Jul 7, 2023

TikTok’s New ‘Boyfriend Inflation’ Theory Is The Perfect Way To Decide If You Should Dump Him

“It might be time to cut him loose due to boyfriend inflation.”

Pedestrian.tv · Jul 7, 2023

Stellantis Resumes Construction On EV Battery Plant In Canada

Stellantis and LGES reached a new agreement with the Canadian government, which has pledged "to level the playing field" with the U.S. Inflation Reduction Act.

InsideEVs · Jul 6, 2023

Bank boss Bailey slams petrol companies for overcharging motorists

The Bank of England governor said petrol retailers have been ‘charging too much’

The Independent UK · Jul 6, 2023

Matthew Yglesias: 'Bidenomics' became a doctrine by accident

A string of positive economic news — slowing inflation, an upward revision in gross domestic product, continued strength in the job market, signs of a nascent surge in factory construction — has the Biden administration going all out to define “Bidenomics” as the doctrine of our time.

Tribune News Service · Jul 6, 2023

FTSE 100 hits lowest closing level of 2023 as interest rate rise fears grip markets – business live

FTSE 100 index posts biggest one-day fall since March, as strong US jobs report fuels fears of even higher US interest rates

The Guardian - UK · Jul 6, 2023

TechRadar Special Report: tech fans choose gadgets over Netflix and socializing

A major new survey from TechRadar has revealed the impact of high inflation on consumer tech buying habits.

TechRadar · Jul 6, 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 6, 2023

Data | Why Centre’s denial of rice through OMSS hits Karnataka the most

The Congress-led Karnataka government has been facing challenges in fulfilling its promise of providing five kg of rice to Below Poverty Line (BPL) and Antyodaya card holders. The Centre’s discontinuation of the Open Market Sale Scheme (OMSS), which provided surplus grains, has put Karnataka in a difficult position. This move…

The Hindu · Jul 6, 2023