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The Latest Breaking News from Inflation

Shoplifting in UK on the rise as food prices soar

Grocery price inflation hit record highs in March

The Independent UK

Australian employers say ‘excessive’ minimum wage rise in line with inflation could lead to recession

Claim comes as Albanese government argues Fair Work Commission should ‘ensure the real wages of Australia’s low-paid workers do not go backwards’

The Guardian - AU

More Americans file for jobless claims; layoffs remain low

U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation

The Independent UK

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Metal worker, soccer coach, honey salesman: three jobs to beat Argentina's 100% inflation

As Argentina's over 100% inflation rate saps earning power and outstrips wages, Jorge Pedro Armoa, 67, has found a painful solution: juggling three jobs as a metal worker, soccer coach and part-time salesman of medical creams, flip flops and honey.

Reuters

The seven things that will cost you more money from this weekend

Council tax and water bills are among the climbing costs to be aware of in April

Manchester Evening News

Will Groceries Ever Be Affordable?

Food insecurity expert Sylvain Charlebois explains why flawed business regulations are making food unaffordable

The Walrus

Top economists think the Fed will raise rates just once more before they're done

Economists have had their say on what the Fed will do later this spring –and when rates may finally begin to fall.

Fortune

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Egypt’s Central Bank Faces Multiple Crises, Limited Options

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold a periodic meeting on Thursday when options to contain successive shocks to the Egyptian economy remain limited before growing local and global crises. CBE will likely raise interest rates at today’s meeting to curb inflation, which…

Asharq Al-Awsat

Poverty on the rise in Lebanon amid deep economic crisis

Lebanon has been drowning in a series of crises since 2019. The economic, banking and political systems are in tailspin and the national currency has lost 98 percent of its value. With inflation in three-figure percentages for the third year running, eight out of 10 inhabitants now live under the…

France 24

Disney lays off Marvel Entertainment's chairman amid cost-cutting drive

Disney has laid off Isaac ("Ike") Perlmutter, the head of Marvel Entertainment, as part of its cost-cutting plans. The company began cutting 7,000 jobs this week in an effort to reduce $5.5 billion in costs. Also, Portugal scraps VAT on basic food products in a bid to fight inflation. Plus,…

France 24

The 2 major changes to NHS prescriptions as higher fees set to hit millions this week

From April 1, Brits will be set to pay increased fees for their NHS prescriptions due to persistently high inflation as a new specialised pre-payment certificate is introduced

Daily Mirror

Alarming new figures show hundreds of businesses fear closure by end of 2023 due to inflation

Many believe they may be forced to close in the coming 12 months as a result of inflationary and staffing pressures

Irish Mirror

Spanish inflation almost halves and German CPI falls as energy prices cool – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Break up India’s biggest companies, former deputy governor of RBI Viral Acharya says

MUMBAI: India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.

The Times of India

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Asharq Al-Awsat

Fashion Retailer H&M Posts Surprise Dec-Feb Profit

H&M, the world's second-biggest fashion retailer, reported on Thursday a surprise operating profit for the December-February period, despite weak demand as consumers curtailed spending amid soaring inflation. Operating profit in the Swedish group's fiscal first quarter was 725 million Swedish crowns ($69.73 million) against a profit of 458 million a…

Bangkok Post

Higher sugar prices pose new threat to food inflation

Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation.

The New Daily

Watch: Historic voice bill, Pay rise push, Migrant surge

Watch: Union bosses are pushing for millions of low-paid Australian workers to receive a pay rise of 7 per cent to keep up with inflation as the fair work

Insider UK

Outlook 'now less certain' given mixed economic picture

Latest economic commentary highlights persistent inflation and recent banking collapses

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news in one place.

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The Independent UK

No economic growth forecast until next year as outlook ‘exceedingly uncertain’

The Scottish economy is forecast to shrink by 0.7% in 2023.

ABC News

Treasurer Jim Chalmers backs lift in pay rates ahead of minimum wage review, as unions push for pay rise to match inflation

Treasurer Jim Chalmers says a coming minimum wage review should not allow the lowest-paid workers to fall further behind, saying minimum wage earners are not driving inflation.

Bangkok Post

Policy rate raised to 1.75%

The Bank of Thailand hiked its policy rate by 0.25 percentage points yesterday for a fifth consecutive meeting in an attempt to tame inflation as the economic recovery gathers steam.

ABC News

The Reserve Bank doesn't need an overhaul, Australia needs fairer policies, says former governor

Former governor Bernie Fraser says the Reserve Bank of Australia's attempt to improve the welfare of all Australians has been undermined by decades of neoliberalism.

Miami Herald

Stubborn inflation, tight labor market quite challenging, Miami Fed exec says

Inflation needs to be brought under better control before the Federal Reserve starts reversing its monetary policy of boosting interest rates, a Miami-based regional executive with the Federal Reserve Bank of Atlanta said Tuesday, during a regional economic summit at Key Biscayne.

AAP

ACTU pushing for 7 pct rise to minimum and award wages

More than two million workers on minimum and award wages should get a seven per cent pay rise to keep up with the rising cost of living, the ACTU argues.

The New Daily

ACTU calls for ‘survival increase’ in wages of 7 per cent

Australian unions are pushing for a "survival increase" in the minimum wage as inflation and the cost of living crush lowest-paid workers.

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