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The Latest Breaking News from Inflation

Sturgeon calls for more action on costs crisis in first letter to PM

The First Minister said ‘much more needs to be done’.

The Independent UK

DWP refuses to rule out benefit or state pension cuts in April

It comes after a Rishi Sunak was appointed to replace Liz Truss

Nottingham Post

Europe likely to see another jumbo interest rate increase

The European Central Bank is getting ready to go big again

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Unilever warns of high inflation in 2023 after reporting sales growth

The consumer goods giant said cost pressures are likely to also be carried forward next year

Birmingham Post

Housing market predictions for 2023

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

Tribune News Service

Hargreaves Services reports strong start to the year despite inflation

The County Durham-based group gave a short update on trading, ahead of its annual general meeting

Birmingham Post

Banks forecast sharp interest rate hike

Mortgage holders are likely to see repayments jump even higher as the inflation dragon proves harder to slay than expected.

AAP

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Deranged diners, inflation and staff shortages: American restaurants are struggling

Covid rules have been lifted – but things aren’t back to normal for staff or customers

The Guardian - US

EXPLAINER: What's up with the Bank of Japan's unique track?

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1%

The Independent UK

The 'Experts' Were Never Going To Fix Inflation

The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.

Reason

Inflation buffer for Qld public servants

A cost of living clause weighed against the consumer price index has been included in a pay offer for Queensland public servants.

AAP

Why is the cost of living going crazy even as the Reserve Bank raises rates?

Overseas issues and a wildfire housing market have combined to drive inflation growth that hasn’t been seen for decades

The Guardian - AU

Manufacturing to thrive despite threats

Thailand's manufacturing sector is expected to keep growing next year following the easing of Covid-19 infections, but economic challenges caused by high inflation and the impact of the Russia-Ukraine war could cause a bumpy ride, according to analysts.

Bangkok Post

Your Thanksgiving turkey might be pricey

A looming turkey shortage coupled with inflation means that Thanksgiving is going to really cost you this year

Salon

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Tribune News Service

‘Winter is coming’: Commercial property sector plans for recession

DALLAS – Commercial real estate industry leaders are preparing for tougher times – tighter lending, higher interest rates and likely a recession.

ABC News

WA nurses' industrial action ramps up as unions still at loggerheads with government in dispute

WA's public sector wages dispute is far from over, with nurses ratcheting up their industrial action as police begin their own.

Bangkok Post

Soaring Inflation Pushes Halloween Candy Prices Scary High

Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.

StockNews.com

Extra Money in Your Pocket? Put These 3 Stocks to Work

With the Fed on track to approve another significant interest rate hike and willing to risk recession to bring inflation under control, the stock market is expected to remain under pressure in the upcoming months. Hence, it would be wise to invest in fundamentally strong stocks Comcast (CMCSA), Hackett (HCKT),…

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StockNews.com

These Growth Stocks Could Make You Rich Over the Next 5 Years

The stock market has been under immense pressure this year amid the skyrocketing inflation and the Fed’s aggressive stance to control it. However, stocks have witnessed a relief rally this month. Irrespective of the market conditions, we believe investing in quality growth stocks Marathon Petroleum (MPC), Forrester Research (FORR), and…

The Guardian - UK

Sunak dismantles remainder of Truss legacy on first full day in office

Prime minister abandons fracking and refuses to guarantee pensions triple lock or defence spending rise

ABC News

Inflation means your wages are worth less. Will they rise to catch up?

Restaurant workers with six months' experience are asking for $100,000. But, in most places, wages growth is still falling well short of inflation.

Chicago Sun-Times

Lightfoot proposes annual pay raise for Chicago’s mayor capped at 5%

The salary of Chicago’s mayor hasn’t gone up since Mayor Richard M. Daley held the job in 2005. Also on Wednesday, the council approved a resolution of support for the Jewish community, citing recent antisemitic comments by the rapper formerly known as Kanye West.

The Independent UK

With inflation sticking around, Biden targets 'junk fees'

With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers

Kiplinger

Save Money On Utilities With A Home Energy Audit

With rising energy prices and inflation, now's a great time to check the efficiency of your home and find the most cost-effective fixes.

StockNews.com

2 High-Quality Names It’s Time to Scoop Up

The Fed is expected to launch another outsized rate hike next week as it continues to fight inflation, leading to growing recession possibilities. Amid this, investing in fundamentally robust stocks, Microsoft (MSFT) and TravelCenters of America (TA), could help navigate this uncertain environment. Read on.

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