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The Latest Breaking News from Inflation

Holiday essentials are surging this year thanks to inflation — here’s what’s most expensive

This holiday season, inflation might be just as much a part of Americans’ celebrations as the gifts and the gatherings.

Tribune News Service

Fed wants inflation to get down to 2% – but why not target 3%? Or 0%?

What’s so special about the number 2? Quite a lot, if you’re a central banker – and that number is followed by a percent sign.

The Conversation

Twenty-two beers for £10 - the destinations where your pounds will go the furthest

The cost of living crisis, inflation and the poor state of the pound means finding the right, cheap place for a holiday is more important now for a lot of British people

Daily Mirror

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Retail inflation eases to 11-month low of 5.88% in November

NEW DELHI: Retail inflation based on consumer price index (CPI) eased to 11-month low of 5.88% in November, data released by the government showed on Monday.

The Times of India

Downturn in West Midlands output extends to November as inflation ticks higher - report

Latest PMI data from high street bank NatWest said West Midlands companies reported a sixth consecutive monthly decline in new work intakes

Birmingham Post

Chancellor defends pay gap between public and private sector

The growing gap between pay in the public and private sectors is necessary to avoid spiraling inflation getting worse, the Chancellor has insisted.

Evening Standard

Will the U.S. and Europe slide into recession in 2023? Here’s how to look out when economic outlooks don’t

The global economy will remain weird in 2023. Here's what to expect, according to BCG's top economists.

Fortune

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Retirees’ living costs rise, but there are ways to improve your lot

Inflation is eating into the cost of a comfortable retirement but there are some smart things you can do about it.

The New Daily

UK economy shrinks 0.3% in three months through October

Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry

The Independent UK

Commentary: How tariffs are raising the cost of Christmas presents and more

This time of year, most inflation-weary Christmas shoppers—and perhaps even the inflation-fighting Fed—would welcome an end to our government’s effort to raise the prices of the goods we buy in high volume. In this year’s third quarter, the federal government collected tariffs on imported goods putting us on track for…

Tribune News Service

Factcheck: are UK strikers greedy, unrealistic and putting others in danger?

This is an extract from our First Edition newsletter

The Guardian - UK

December in Britain: A month of strikes

Britain faces disruption from widespread industrial action this month as many workers struggling with a cost of living crisis seek pay rises that better reflect double-digit levels of inflation.

Reuters

Monday briefing: The government blames the unions for strikes – but what’s the truth?

In today’s newsletter: Factchecking claims striking workers are irresponsible, selfish and unrealistic

The Guardian - UK

Asian markets extend Wall St losses; China COVID cases rise

Shares have fallen in Asia after last week's decline on Wall Street

The Independent UK

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Birmingham Post

'A glimmer of hope': NatWest boss on why North West businesses can be optimistic despite looming recession

The headline North West PMI Business Activity Index registered 48.5 in November, little-changed from October’s 48.4

Birmingham Post

Northern Ireland private sector slows sharply, but inflationary pressures ease - Ulster Bank PMI

The local economy reported its seventh successive monthly drop in output

The Guardian - UK

2022 the UK’s worst year for real wage growth since 1977, TUC says

Analysis shows real wages fell by an average of £76 a month in 2022 as pay failed to keep pace with inflation

Insider UK

Contraction across Scotland's private sector gathers pace in November

Latest RBS research shows a sharper decline in new orders, as business sentiment weakens in November

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The Independent UK

Inside England’s ‘forgotten corner’ with three of the towns hit hardest by inflation

As The Independent shines a spotlight on the challenges facing the UK, we speak to businesses and locals in some of the towns hardest-hit by inflation

The Guardian - UK

Buy now, don’t pay later: how UK families are turning to freebies

Soaring inflation and a greater acceptance of swapping, sharing or giving away ‘preloved’ items is booming on sites such as Freegle and Olio

The Guardian - UK

It is soaring energy costs fuelling UK inflation – not humble pay rises

The government says it wants to tame public sector pay to fend off a highly unlikely wage-price spiral

The Guardian - UK

Bank of England set to spoil the festive mood with another interest rate rise

The Bank is likely to raise borrowing costs again this week – but how much longer can they keep going up?

The Guardian - AU

MPs’ Pacific islands tour to show bipartisan support – as it happened

All the day’s news as it unfolded

Salon

How N.Y. Times helped GOP win the House

The Gray Lady told America that rising crime and worsening inflation were driven by Democrats. None of it was true

StockNews.com

Stock Investors in a “Sticky” Situation

The S&P 500 (SPY) has been shedding weight all week long because inflation is looking too “sticky”. What does that mean? And why does it matter? 40 year investment veteran Steve Reitmeister spells it all out in this timely commentary that includes market outlook, trading plan and top picks. Read…

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