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The Latest Breaking News from Inflation

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The Independent UK

Asda and Morrisons ration fruit and vegetables as shoppers complain of empty shelves

Some supermarkets have started rationing fruit and vegetables as shelves continue to remain bare across the UK with the weather and rising wholesale prices responsible for the action

Daily Mirror

How DWP claimants can receive up to £8,983 tax free as benefits rise

Government announced benefits will rise in line with inflation in November last year

The Independent UK

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France's Macron wants a new gesture on diesel prices to help citizens with inflation

French President Emmanuel Macron said on Tuesday he was in favour of a new gesture on diesel prices, potentially a discount, to help customers grappling with inflation.

Reuters

Asda and Morrisons rationing some fruit and vegetables; UK private sector returns to growth – as it happened

Asda introduces a limit on tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries, after bad harvest hits supplies

The Guardian - UK

DWP £400 monthly cash boost for state pensioners but millions missing out

Attendance Allowance is going up from April in line with September's inflation rate of 10.1 percent

Nottingham Post

Australia to flirt with recession this year, warns NAB

Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.

ABC News

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Coles reveals higher inflation despite easing fresh produce prices

Grocery inflation at Coles worsened towards the end of last year, but the supermarket chain now says price pressures are easing.

The New Daily

BHP first-half profit slides amid global headwinds

Mining giant BHP has posted a drop in first-half profit, earnings and dividend on lower iron ore prices and inflationary pressures.

AAP

How CFOs are bracing for a dismal financial outlook—and what they expect to happen

After inflation set in and as the threat of recession looms large, chief financial officers are feeling the pressure.

Fortune

2 Stocks on Track for Massive Gains in 2023

While Federal Reserve Chair Jerome Powell is trying to steer the economy toward a ‘soft landing,’ a strong job market will likely keep the Fed wary. Meanwhile, as investors mull over the Fed’s next steps, the market could remain volatile for some time. Hence, investing in fundamentally sound stocks, CVS…

StockNews.com

Meal deals at risk as Wales considers supermarket ban

Industry group warns against ‘regressive and irresponsible’ move to push up prices further at time of rampant inflation

The Independent UK

When are the next NHS ambulance strikes?

Ambulance service trusts throughout England and Wales are fighting for a pay rise in line with inflation

Evening Standard

Mercedes CEO Speaks Out Against Updated US EV Incentives

Mercedes CEO Ola Källenius has warned against protectionistic side effects of the American Inflation Reduction Act.

InsideEVs

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StockNews.com

2 Stocks That Could Help You Sleep Peacefully No Matter What the Market Does

With strong job growth, unexpected inflation, and robust retail sales, the Fed’s tight monetary policy could stay in place for some time. Amid volatilities and anxiety soaring, fundamentally strong stocks Johnson & Johnson (JNJ) and Cisco Systems (CSCO) might be solid portfolio additions now. Read on….

StockNews.com

3 Recession-Resistant Stocks to Buy Right Now

The latest inflation trend and a strong labor market have raised the prospect of progressive interest rate hikes. Therefore, the likelihood of a Fed-induced recession has increased. Amid this backdrop, it could be wise to invest in fundamentally sound stocks Walmart (WMT), US Foods (USFD), and American Vanguard (AVD), which…

The Times of India

Govt taking steps to control inflation, will continue to focus on it: Nirmala Sitharaman

JAIPUR: Union finance minister Nirmala Sitharaman on Monday said that the government is taking a lot of steps to control inflation and will continue to focus on it.

The Guardian - UK

UK’s taste for takeaways slides as eating out returns and food prices rise

Pressure on restaurant margins as customer behaviour shifts and inflation eats into costs

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Asharq Al-Awsat

Iran’s Currency Falls to Record Low as Sanctions to Continue

Iran's troubled currency broke below the psychologically key level of 500,000 rial per US dollar on Monday, as market participants saw no end in sight to sanctions. The Iranian rial plummeted to a new record low of 501,300 against the US dollar, according to Bonbast.com which gathers live data from…

Asharq Al-Awsat

IOGP Looks Forward to Working with OPEC to Ensure Global Energy Security

For three years now, energy security has been the most prevalent issue for the global economy. The world blames the high prices of oil and gas and accuses the sector of causing record-high inflation rates. Curbing high inflation requires increasing interest rates, which drags the global economy toward recession. Governments…

Liverpool Echo

Energy bills, council tax and everything that will cost more in April

Millions of households will be hit by price hikes this spring

Manchester Evening News

Cost of multi-million pound town centre redevelopment still could change due to inflation

Costs of the Galleries regeneration project is still under the microscope

France 24

Pro-Russia protesters take to streets in Moldova to denounce new government

Several thousand protesters rallied in Moldova’s capital Sunday to demand that the country's new pro-Western government fully cover citizens' winter heating bills amid a cost-of-living crisis and skyrocketing inflation.

The Independent UK

Asian shares mostly higher as inflation worries dog Wall St

Shares are mostly higher in Asia after Wall Street closed out another bumpy week with a mixed performance

Bangkok Post

Gold outlook remains plated in mystery

Gold is perceived as a safe-haven asset, a long-term investment and a hedge against uncertainty in the global economy and geopolitics.

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Sristi Suman Jayaswal

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