The Latest Breaking News from Inflation

Afternoon Update: Lowe says struggling Australians could work more; Fraser Island renamed K’gari; and the origins of masturbation

RBA governor warns against idea that all workers’ wages should rise in line with inflation

The Guardian - AU · Jun 7, 2023

This TikToker Is Explaining Inflation For The Girls And Finally, I Think I Get It

This made complete sense, I feel enlightened.

Pedestrian.tv · Jun 7, 2023

Jeremy Hunt expresses concern about cost of living crisis after OECD forecast

Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20

The Guardian - UK · Jun 7, 2023

Struggling Australians can cut back spending or work more to get into ‘positive cash flow’, Philip Lowe says

The Reserve Bank governor says rates will keep being lifted if necessary, despite ‘significant financial pressure’ for some

The Guardian - AU · Jun 6, 2023

Inflation declines to 21-month low

The country's rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June.

Bangkok Post · Jun 6, 2023

Michael Pascoe: Is the RBA acting out of spite or just lost the plot?

Passing without notice in April, the Reserve Bank pulled a neat little trick, apparently making multiple billions of dollars in losses “disappear”. I’ve

The New Daily · Jun 6, 2023

1 Must-Buy Retailer Stock, 2 to Sell

Despite persistent inflation, consumer spending has remained robust lately, boosting the retail industry’s growth prospects. Therefore, retailer stock Build-A-Bear (BBW) could be a wise investment due to its solid fundamentals and bright growth outlook. However, struggling retailer stocks SIGNA Sports (SSU) and Rent the Runway (RENT) might be best avoided…

StockNews.com · Jun 6, 2023

3 Luxury Stocks to Invest In

Despite the uncertain macroeconomic conditions, the luxury industry has remained resilient. As inflation continues to ease and consumer spending remains strong, it could be wise to invest in fundamentally strong luxury stocks, TJX Companies (TJX), Weyco Group (WEYS), and J.Jill (JILL). Keep reading.

StockNews.com · Jun 6, 2023

Buy, Sell or Hold? Nike (NKE) and Foot Locker (FL)

Sticky inflation, the Fed’s aggressive rate hikes, and the US banking sector turmoil is paving the way for a recession this year. Thus, I think this is not the right time to consider investing in Foot Locker (FL) and NIKE (NKE). Read on.

StockNews.com · Jun 6, 2023

A.P. Secretariat CPS Association demands govt. to revert to Old Pension Scheme

The Andhra Pradesh Secretariat CPS Association has demanded that the State government restore the Old Pension Scheme (OPS) and do away with the Contributory Pension Scheme (CPS) instead of the proposed Guaranteed Pension Scheme (GPS). In a letter submitted to the Principal Secretary (HR), Finance Department, on June 6 (Tuesday),…

The Hindu · Jun 6, 2023