The Latest Breaking News from Inflation

The Money Doctor who has slayed inflation for 50 years says the Fed has overcorrected so badly they’re hastening the long-feared recession

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

Fortune · May 30, 2023

Huge price increase means ‘dummy’ coffee jars are appearing in supermarkets

Cost of instant coffee has risen by some 13 per cent over past year

The Independent UK · May 30, 2023

Food price rises may have FINALLY peaked in glimmer of hope for shoppers

The price of groceries went up by 15.4% in the year to May, down from 15.7% in April, according to the latest British Retail Consortium and NielsenIQ inflation tracker

Daily Mirror · May 30, 2023

Agreed house sales in UK at highest point this year, says Zoopla

But property website warns that rebound in activity could be hit by rising mortgage rates

The Guardian - UK · May 29, 2023

UK food inflation dips in May, raising hopes rate of price growth is slowing

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh high

The Guardian - UK · May 29, 2023

Food inflation slows in May after April record, survey suggests

Food inflation fell to 15.4% in the year to May, according to a survey by the British Retail Consortium and Nielsen.

The Independent UK · May 29, 2023

Seven money changes coming in June including new DWP cost of living payment and Tesco Clubcard shake-up

From Tesco Clubcard holders to the £150 disability cost of living payment, there are massive money shake-ups coming in June

Chronicle Live · May 29, 2023

3 Value Stocks Investors Want

Strong recent economic data and still-elevated inflation are expected to keep the Fed on track for another interest rate hike next month. With the stock market likely to remain volatile amid rising interest rates and other macro uncertainties, fundamentally sound stocks Astellas (ALPMY), Alkermes (ALKS), and AstroNova (ALOT), trading at…

StockNews.com · May 29, 2023

Erdogan's victory could be fateful for Turkey's democracy and role in the world

The longtime leader overcame dissatisfaction over high inflation and a slow earthquake response to secure another five-year term as president.

WEKU · May 29, 2023

Seven money changes happening in June - from Clubcard updates to £150 payment

Next month will see a few different changes happening in terms of money, so here's a list of everything you should be aware of.

Daily Record · May 29, 2023