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The Latest Breaking News from Inflation

Rate at which food in UK is getting more expensive rockets to record levels

Fresh food inflation leapt to 15% for the month from 14.3% in November, while the price of ambient food, such as pasta and tinned food, increased 11%

Wales Online

Asian stock markets gain ahead of Fed update

Asian stock markets are higher ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more interest rate hikes to cool inflation

The Independent UK

Food price inflation hits record high of 13.3% during ‘challenging Christmas’

‘Unlikely there will be any improvement in the near term’, says expert

The Independent UK

From analysis to the latest developments in health,
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Food inflation rockets to record 13.3%, price index shows

Helen Dickinson, of the British Retail Consortium, said ‘it was a challenging Christmas for many households across the UK’.

The Independent UK

As tech companies make cuts, will other industries follow? Here’s what to know about jobs in 2023

Mary Hainds had been working in sales at a small construction technology startup for about six months before she was laid off in October. In the weeks that followed, she interviewed for other tech sales jobs in earnest and received job offers.

Chicago Tribune

7 big trends facing the economy in 2023

The new year is invariably a time for taking stock of things and contemplating what may lie ahead.

Axios

Inflation won’t stop 2023 auto sales growth amid chip recovery

U.S. auto sales likely rose in December and will rebound in the new year as a recovery in vehicle production will more than offset the effects of inflation and rising interest rates.

Tribune News Service

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Rising cost of basics like food and fuel 'pose greatest risk’ to health of Scots

A PUBLIC health chief has warned the cost of basic necessities such as fuel and food is the “greatest concern” when it comes to the health of…

The National (Scotland)

Britain faces the worst recession among G7 partners, economists predict

A bleak survey of over 100 leading UK-based economists suggests high inflation could linger for longer than other countries as Brits face a huge squeeze in household incomes

Daily Mirror

2 Stocks Trading at Massive Discounts Right Now

The alarmingly high inflation and the consistent interest rate hikes by the Fed have caused immense pressure in the stock market, leading to certain fundamentally strong stocks declining considerably in price. We think this could be the right time to scoop up quality stocks Microsoft Corporation (MSFT) and Xperi (XPER),…

StockNews.com

Global economy 2023: Why central banks face an epic battle against inflation amid political obstacles

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation.

The Conversation

Rising prices behind bars hammer imprisoned people in the US

Inflation in US economy has translated to added costs for imprisoned individuals and the families who support them.

Al Jazeera

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Fortune

Tory poll expert sounds inflation warning to Rishi Sunak over May vote

Local elections will be a major test for the Prime Minister, Lord Hayward warns

Evening Standard

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The Times of India

Inflation, growth, budget & more: 10 factors that may impact the Indian economy in 2023

NEW DELHI: The year 2022 posed severe challenges for the economy since the beginning. With cases of Covid-19 receding after 2 years of mayhem, this year was being watched as a good opportunity for the economies to recover completely from the pandemic slump.

Axios

America's health care focus shifting in 2023

America appears to be re-setting its priorities when it comes to health care as inflation and talk of a recession loom larger on voters' minds.

The Independent UK

Turkey inflation slows to 64% in boost to Erdogan

Official data show that inflation in Turkey has slowed in December thanks to a favorable base effect

The Independent UK

Asian markets mixed ahead of Fed report, US jobs data

Asian stock markets are mixed ahead of updates on U.S. employment amid fears of a possible global recession

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news in one place.

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Dublin Live

Government 'driving house inflation' as standard Irish home now costs 7.7 times average wage

Sinn Fein's housing spokesman claims that red tape is slowing down the delivery of much needed homes

The Independent UK

Asian markets mixed ahead of Fed report, US jobs data

Asian stock markets were mixed Tuesday ahead of updates on U.S. employment amid fears of a possible global recession

Bangkok Post

A challenging year ahead

Global economic growth in 2023 is expected to remain sluggish, following a year roiled by the war in Ukraine and soaring inflation.

The Independent UK

‘Crisis’ as at least 500 migrants arrive in Florida Keys

Economic turmoil, food shortages and soaring inflation in Cuba and other parts of the Caribbean is spurring the most recent wave of migration

Axios

New tax brackets and other IRS changes can boost paychecks, lower taxes

Yearly changes made by the IRS can have a significant impact in the era of high inflation.

The Times of India

Congress to hold protest against 'anti-people policies' of BJP govt across 13 districts

DEHRADUN: The Opposition Congress in Uttarakhand has announced to stage protests in all 13 districts against the “anti-people policies of the Union and state governments and inflation.” The Congress members would set ablaze effigies of the BJP government in all districts.

Wales Online

Warning cost of European holidays will rise for summer 2023

Prices of holidays in Europe are set to rise further as hotels and travel companies face rising energy bills and inflation costs

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People

Sristi Suman Jayaswal

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Bharatiya Janata Party