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The Latest Breaking News from Inflation

Full list of 30 biggest food price rises from pasta to oil - with some items up 65%

New data from the Office for National Statistics (ONS) shows the price of vegetable oil has risen 65% in a year, with pasta up 60% as well - as the cost of living crisis continues

Daily Mirror

Whitbread warns of £60m increase in costs due to inflation

Premier Inn and restaurant chains owner reports profit bounceback to pre-Covid levels

The Guardian - UK

Price of ‘budget’ food soars as cost of living bites

The cost of budget pasta and vegetable oil have risen by almost two thirds over the past year as millions of households face a growing squeeze on their household budgets.

Evening Standard

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read the most diverse news in one place.

‘Everything’s gone up’: soaring inflation hits Malawi’s market trade

Farmers, entrepreneurs and sellers are struggling as rises in fuel and fertiliser prices make it harder to cover costs

The Guardian - UK

What Rishi Sunak is likely to announce on benefits and energy bills

Mr Sunak vowed to increase benefits in line with inflation and scrap VAT on energy bills - but that was before the economy collapsed

Wales Online

NHS hospital trusts paying hundreds of millions in interest to private firms

Exclusive: Guardian analysis of hospital trust accounts found 101 owe about £50bn in future unitary PFI payments

The Guardian - UK

DWP benefits including Universal Credit and ESA could be hit with 'permanent cut'

Chancellor Jeremy Hunt is set to unveil a Medium-Term fiscal Plan on October 31

Liverpool Echo

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Australia to reveal economic plan for deteriorating outlook

Australia’s new government will propose an economic plan to steer the nation through rising inflation and interest rates while reigning in debt

The Independent UK

Higher Interest Rates Can Take a Long Time to Bring Down Inflation

The world's central banks face a nail-biting wait.

Bangkok Post

Sentiment among Bangkok housing developers brightens

Sentiment among listed housing developers in Greater Bangkok improved in the third quarter to the highest level in 17 quarters, but higher development costs because of fuel prices and inflation remain major concerns.

Bangkok Post

PM Rishi Sunak could be good news for people on Universal Credit and other DWP benefits

As chancellor, Rishi Sunak pledged to uprate benefits in line with inflation - something Liz Truss would not commit to

Manchester Evening News

Climate protesters interrupt Ted Cruz’s appearance on The View

The Texas US senator was talking about inflation when demonstrators started to chant and ABC turned off the audio

The Guardian - US

Angela Rayner says Rishi Sunak's premiership is a 'continuation' of Tory problems

Labour's deputy leader said Rishi Sunak's premiership represented a 'continuation' of the problems faced by the Government after a turbulent few weeks under Liz Truss.Angela Rayner said the Conservatives could not "just keep doling out prime ministers every month because they're in total chaos", and added Mr Sunak had "failed…

Evening Standard

8 best short-term investments in October 2022

If you’re looking to invest money for the short term, you’re probably searching for a safe place to stash cash before you need to access it in the not-so-distant future. The volatile markets and slumping economy led many investors to hold cash as the coronavirus crisis dragged on — and…

Tribune News Service

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Benzinga

Former Fed Vice Chairman Roger Ferguson Thinks The Markets Have It Wrong And Rate Hikes Will Continue Into 2023

Roger Ferguson, former vice chairman of the Federal Reserve and former CEO of TIAA, joined CNBC’s ‘Squawk Box’ earlier Monday morning to discuss what he expects to come from the Fed.

The Times of India

How soaring inflation is leading to protests across nations

NEW DELHI: Soaring inflation levels has been a major concern for all economies ever since the Russia-Ukraine war impacted global commodity prices.

StockNews.com

3 Stocks Investors Shouldn’t Chase This Fall

The stock market has been facing rampant volatility this year due to macroeconomic headwinds. With inflation remaining elevated, the Fed is expected to continue hiking rates. Amid this backdrop, we believe Carnival Corporation (CCL), AMC Entertainment (AMC), and Paya Holdings (PAYA) are not worth investor attention, given their bleak fundamentals.…

Chicago Tribune

Not relishing inflation? Here’s what it's done to Chicago's beloved hot dog

Generally speaking, the bun in which a Chicago-style hot dog is laid must be poppy seed. The relish should be neon and the salt, celery. Vienna Beef is considered the standard-bearer for the frankfurter. Though the city’s myriad hot dog vendors take their liberties here and there, swapping regular relish…

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Benzinga

If Real Estate Is An Inflation Hedge, Why Are Properties Declining In Value?

The U.S. inflation rate was 8.2% in September. This is a slight drop from the 8.3% rate in August but more than the 8.1% economists were forecasting for the month. At the same time, the average median house price declined to $389,500 in August, compared to a high of $413,800…

The Independent UK

When are the midterm elections?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

Tribune News Service

Restaurants’ post-COVID boom is winding down

After celebrating the end of COVID restrictions with an epic restaurant tab, diners are now hitting the brakes on eating out.

The Guardian - UK

‘We need help now’: UK hospitality warns of ‘tidal wave’ of closures as crises loom

After lockdown closures, supply and staffing issues, inflation and high energy bills could be fatal for many businesses

StockNews.com

3 Stocks You Shouldn't Waste Your Money on in 2022

Raging inflation and the Fed’s hawkish stance to tame it have kept the stock market under tremendous pressure. Amid the growing economic concerns, fundamentally weak stocks Marvell (MRVL), Faraday Future Intelligent (FFIE), and Oblong (OBLG) could be best avoided. Read on….

The Guardian - UK

Institute for Fiscal Studies warns against cutting spending on sixth forms

Thinktank says any reduction would ‘sit uncomfortably’ with pledge to focus on skills and economic growth

Evening Standard

Royal Mail has truly earned my stamp of disapproval

God knows, I don’t do many clever economy measures, but one was back in April when the price of first-class stamps went up by all of 10p to 95p, and I bought about five books of them, thinking that I was saving, ooh, six quid. I know, a pound for…

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