The Latest Breaking News from Inflation

Europe inflation slips to 5.5% — but that won't stop central bank rate hikes

Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags

The Independent UK · Jun 30, 2023

Explained | The Centre-state tussle over the Open Market Sale Scheme

In this explainer by The Hindu, Diksha Munjal explains what the Open Market Sale Scheme (OMSS) is and why it has become a source of friction between the Narendra Modi government and states especially those ruled by the Opposition.

The Hindu · Jun 30, 2023

There's a $75 trillion reason the economy won't crash into a recession, top economist says: Baby boomers' pent-up net worth

“Consumers may run out of their excess pandemic savings by the end of this year, but they have lots of other sources of purchasing power,” a veteran market watcher says.

Fortune · Jun 29, 2023

Brainard sees potential for near-2% US inflation by November 2024

President Joe Biden’s chief economic adviser said that inflation numbers should improve through the second half of the year and that there’s a reasonable chance the pace could get down around 2% by the time of the November 2024 election.

Tribune News Service · Jun 29, 2023

IMF says that without reforms, Lebanon faces ballooning inflation and public debt

An International Monetary Fund report on Lebanon’s economic situation released Thursday warns that without reforms, the small, crisis-ridden country will continue to see triple-digit inflation

The Independent UK · Jun 29, 2023

Czech brewer Budvar’s 2022 net profit is 40% down due to Russia's war in Ukraine and high inflation

The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, has registered a fall in its 2022 net profit and exports

The Independent UK · Jun 29, 2023

Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain

Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain

The Independent UK · Jun 29, 2023

After a raucous first half of 2023, Wall Street is still wondering if recession is in the cards

Halfway into 2023, and so little on Wall Street has gone according to plan

The Independent UK · Jun 29, 2023

British royals' public spending up 5% in year of historic change

Royal accounts show that a change in monarchs, double-digit inflation and ongoing costs of renovating Buckingham Palace contributed to a 5% increase in publicly-funded spending by Britain’s royals

The Independent UK · Jun 29, 2023

8.5m people aged 65 and over are income tax payers

The knock-on-impact of high inflation and frozen tax allowances may have pushed more people aged 65 and over into paying tax, experts suggested.

The Independent UK · Jun 29, 2023