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The Latest Breaking News from Inflation

Used Car Prices Down 15% Over 9 Months, Sign Of Inflation Coming Down?

Consumers looking to purchase a used vehicle in the fourth quarter of this year from used car marketplaces like Carvana Co (NYSE: CVNA) and Ca

Benzinga

Dems beating back Republican surge, but control of Congress unclear

Democrats topped Republicans in a series of competitive races, defying expectations that high inflation and President Joe Biden’s low approval ratings would drag his party to key defeats.

Chicago Sun-Times

Rising unemployment: economists sometimes say it's good for the economy, but are they right?

Signs of a global economic downturn are growing by the day. Inflation is still going up, debt is up and interest rates are up, which means that projections for growth are down. Put simply, the proverbial something is close to hitting the fan.

The Conversation

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Real-terms fall in UK nurses’ pay is part of wider trend

Doctors, teachers, police, MPs and even FTSE 100 bosses have all seen the worth of their pay packets shrink

The Guardian - UK

Nurses vote for first ever nationwide strike - see full list of NHS trusts affected

The strike will be the first of its kind, with the union's General Secretary calling it a “once in a generation chance to improve your pay and combat staff shortages” that put NHS patients at risk

Daily Mirror

Nurses across UK vote to go on strike for first time in dispute over pay

NHS braces for prolonged period of industrial action by health workers over the winter and into next year

The Guardian - UK

You can’t eat GDP: why Australian households are in for a massive, historic hit

Very smart people are nodding and suggesting the economy needs to slow to get inflation under control and, well, damn the consequences

The Guardian - AU

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French unions stage major Paris metro strike as inflation bites

French labour unions are staging a major one-day strike for Paris public transport on Thursday, the latest industrial action that focuses on soaring prices.

Radio France Internationale

Dems show surprising strength; control of Congress unclear

Control of Congress hangs in the balance as Democrats have shown surprising strength, defeating Republicans in a series of competitive races

The Independent UK

Thousands march as Greeks strike over 'suffocating' inflation

Greek workers went on a day-long strike on Wednesday, demanding higher wages to cope with surging inflation, as Europe's soaring energy prices and living costs trigger industrial action and protests across the continent.

Reuters

Analysis-Bulgaria's euro zone entry threatened by election stalemate

Bulgaria's longstanding political deadlock threatens to delay its plan to adopt the euro on Jan. 1, 2024, at a time when the eurosceptic and pro-Russian Revival party is increasingly vocal and Bulgarians themselves are deeply divided about the euro.

Reuters

Election Takeaways: No Sweep for the Republicans after All

For weeks, Republicans predicted a “red wave” would carry them to power in Congress, as voters repudiated majority Democrats for failing to tame skyrocketing inflation and address worries about rising crime. The reality appeared far different early Wednesday. Rather than a wholesale rejection of President Joe Biden and his party,…

Asharq Al-Awsat

Tackling inflation more important than school budgets, Education Secretary says

The headteachers’ union has warned of a dire picture for English schools, with more than half looking at staff redundancies.

The Independent UK

Inflation brings end to beloved 114-year-old Japanese candy

A beloved Japanese candy eaten by generations, so iconic it even appeared in a hit anime film, has come to the end of the line, a victim of surging raw material and energy prices.

Reuters

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Evening Standard

Minister braces Britain for painful tax rises and spending cuts to tackle inflation

A Cabinet minister on Wednesday braced Britain for painful tax rises and spending cuts to defeat runaway inflation.

Benzinga

US Stocks Poised To Lose Steam As Traders Digest Early Midterm Results And Eye Thursday's Inflation Data — Tesla, Disney, AMC In Focus Today

U.S. stocks look headed for a lower start on Wednesday, going by the trading in the index futures. Earnings disappointments and apprehension ahead of Thursday’s consumer price inflation report could serve to keep sentiment subdued.

Daily Mirror

Tory minister claims people are using foodbanks due to a broken 'relationship or boiler'

Education Secretary Gillian Keegan urged nurses not to strike over measly pay rises and claimed most use foodbanks due to broken 'relationship or boiler'

Boston Herald

Editorial: Election’s over. Now concentrate on inflation

Not so long ago, a 9-5 job was enough to pay the bills and put food on the table.

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The National (Scotland)

Control of US Congress hangs in balance as Democrats show strength

CONTROL of the US Congress hangs in the balance as the Democrats showed surprising strength in the American midterm elections.

AAP

Energy prices top of mind for RBA

The second in command at the Reserve Bank says soaring energy prices could throw out its forecast and drive inflation even higher.

The Independent UK

Tackling inflation more important than school funding, education secretary says

Size of budgets ’irrelevant’ without firm grip on soaring prices, Gillian Keegan argues

The Guardian - UK

Meta to cut 11,000 jobs as Zuckerberg says he ‘got it wrong’, M&S warns of ‘gathering storm’ – as it happened

Stock markets drift lower as US mid-term election results too close to call

The Independent UK

Asian shares mixed as market await vote results, price data

Asian shares are mixed as investors await the outcome of the U.S. midterm elections and a major inflation update due later in the week

ABC News

Schools close amid public sector strike action around Tasmania over pay and conditions

Inside Parliament House in Hobart, the debate focused on the public sector pay offer, cost of living and inflation — but outside, where thousands of striking workers gathered, there was far more at stake than the annual percentage increase.

Daily Mirror

NHS nurses across the country vote in favour of 'once in a generation' national strike

The world’s largest nursing trade union and professional body will now pressure MPs to support their local striking nurses as polling shows support for the action is growing

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