The Latest Breaking News from Inflation

Bank of England may have to raise rates to 5% this summer, says Goldman Sachs

US investment bank believes inflationary pressures could force monetary policy committee’s hand

The Guardian - UK · May 8, 2023

In Turkey, an election reckoning for the rise and fall of Erdogan's economy

If Turks oust President Tayyip Erdogan in elections this month it will largely be because of an economic reversal that saw their prosperity, equality and ability to meet basic needs start to tumble midway through his two-decade reign.

Reuters · May 8, 2023

Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

Reuters · May 7, 2023

Relief on the way from soaring power bills

Millions of people are in line for energy bill relief in the budget as the government promises hundreds of dollars in savings

The New Daily · May 7, 2023

Foster carer allowance must increase in line with inflation, family service providers say

The rising cost of living is exacerbating the foster carer shortage in regional communities, prompting calls for government to increase the carer allowance.

ABC News · May 7, 2023

Tasmania pushing to fast-track new AFL stadium; Chalmers slip hints at budget surplus – as it happened

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The Guardian - AU · May 6, 2023

Inflation may be about to fall, but the interest rate pain is not over yet

Resilient UK growth may well prevent the Bank of England from ending its run of increases

The Guardian - UK · May 6, 2023

Central banks raising interest rates makes it harder to fight the climate crisis

Higher rates slow the renewable energy transition and shield oil and gas producers from competition by low-carbon producers

The Guardian - US · May 6, 2023

India working to rein in inflation: Finance Minister Nirmala Sitharaman

Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to control it, Indian Finance Minister Nirmala Sitharaman said on Saturday.

The Hindu · May 6, 2023

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

The Independent UK · May 6, 2023