The Latest Breaking News from Inflation

Rishi Sunak is set to be our new Prime Minister and Tory dreams and fantasies may finally be coming to an end. For political parties, such bubble-bursting can be painful. Nigel Lawson’s boom in the late Eighties was followed by a prolonged bust. The “no more boom and bust” promises…

Inflation has caused the sharpest rise in food prices in the UK in 40 years, the latest official figures show. But it’s not just food costs that are soaring – or energy prices, for that matter. Consumer price inflation could also impact bills for services like internet and mobile phones.

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

Treasurer Jim Chalmers is promising a ‘solid, simple and sensible’ federal budget for the times. Here’s a summary of what has already been flagged on spending, savings and tax

Motorists have a small window to fill up on cheaper petrol as many cities hit their first new fuel cycle after the fuel tax cut expired.

The Reserve Bank of Australia predicts house prices could fall by 20% by the end of 2024, which would be the biggest drop since the 1980s.

WASHINGTON — House Speaker Nancy Pelosi said she doesn’t regret pandemic aid passed by Democrats to boost the U.S. economy and advised her party’s midterm candidates to focus on the Biden administration’s efforts to curb inflation.

Some retailers are already charging more than $2 a litre as cities move into the first new fuel cycle since petrol tax relief expired.

Thousands of Hungarians including teachers and students marched through Budapest on Sunday to protest against the government, demanding higher wages for teachers and a curb on surging inflation that is eroding incomes.