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The Latest Breaking News from Inflation

Further Nottingham City Council savings would be "cutting into the bone"

David Mellen has spoken about the challenge of managing Nottingham City Council's finances amid soaring inflation, but says he remains optimistic about the future.

Nottingham Post

Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

Al Jazeera

Rishi Sunak's stealth tax to cost an average-earning couple £8,000 in a decade

Two 'median earners' on £33k will be £8,000 worse off by 2031 compared to if income tax thresholds had risen by inflation - meaning nurses and teachers are badly hit by Rishi Sunak's policy

Daily Mirror

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20 key money dates and changes coming in 2023 - see how they affect your wallet

To help you prepare for a hopefully better 2023, we've rounded up all the key financial dates and changes for you to mark in your diary - take note now of all the updates to come

Daily Mirror

Nostradamus' prophecies that came true this year - from 2022 inflation to Queen's death

Astrologer Nostradamus may have published his book Les Prophéties in 1555, but its prominence continues today due to its 942 forecasts which allegedly predict the future

Daily Mirror

The Global Economy Caught Between Wars and Geopolitical Conflicts

There is a saying, "When the US economy sneezes, the emerging markets get a cold." The global economy now may be more complex: it is more resilient in terms of where new economic growth emerges, but more vulnerable in terms of risk emanating from the United States, but also in…

Asharq Al-Awsat

Govt keeps inflation target of 1-3% for next year

The cabinet on Tuesday approved the central bank's headline inflation target of 1% to 3% for 2023, unchanged from this year, government spokesperson Traisuree Traisoranakul told reporters.

Bangkok Post

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American Bargain Hunters Flock to a New Online Platform Forged in China

As inflation and recession concerns squeeze American consumers, many are turning to a new mobile app with Chinese roots.

Bangkok Post

Holiday sales up 7.6% despite the squeeze of inflation

Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure

The Independent UK

Here's how to end gridlock in D.C.

Ambitious policy solutions can break through partisan paralysis and change America. It's time to go big

Salon

‘Pulled from both sides’: Britons who send money abroad face living costs squeeze

With inflation also high in many developing economies, overseas remittances are more vital than ever

The Guardian - UK

Tunisia Expects Inflation to Reach 10.5% in 2023

Tunisia expects inflation to average 10.5% in 2023, up from 8.3% expected for 2022, as inflationary pressures continue to increase, economy minister Samir Saeed said on Monday. The Tunisian government has no alternative to an agreement with the IMF, Saeed added. Tunisia has reached a staff-level agreement with the IMF…

Asharq Al-Awsat

'World economy is headed for a recession in 2023'

LONDON: The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.

The Times of India

Missed inflation target, digital currency pilot mark RBI's 2022 map; growth vector to dominate ahead

MUMBAI: The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank.

The Times of India

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Edinburgh Live

The Edinburgh businesses we lost in 2022 as cost of living causes wave of closures

Since the beginning of 2022, a wave of Edinburgh businesses have been forced to close their doors, with many others speaking out on the severe struggles they continue to face.

The Independent UK

Asian shares higher in thin holiday trading

Shares have advanced in Asia in thin holiday trading

Tribune News Service

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Bangkok Post

Setting a standard for luxury residences

Competition in the luxury residential market is heating up, with new supply increasing and novel players emerging as demand continues to grow, with the wealthy unaffected by high inflation and recession.

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Daily Mirror

Boxing Day football fans hit by rocketing inflation as cost of a pie goes up 21%

Fans will be kicking off tomorrow as official figures show the cost of a club shirt is up 14%, a pint is up 7%, and even buying a football itself is a fifth dearer than last year

Axios

Butter, eggnog, ham and other Christmas fixings cost more this year with inflation

It's not just everyday food like eggs that have higher prices. Items for your Christmas meal also cost more.

Newsroom.co.nz

Paying for Three Waters: the local pūkeko v the imported partridge

Should NZ rely on its own water infrastructure model? Should we give future generations a local pūkeko or an imported partridge? Credit agencies are watching like hawks.

The Independent UK

‘I don’t know what to do’: Skyrocketing inflation and rent prices leave many in Turkey struggling

Official estimates put the country’s inflation rate at nearly 85 per cent last month, while rents have increased by more than 100 per cent in some cities, writes Borzou Daragahi

StockNews.com

Santa Serving Up Coal to Stock Investors

The S&P 500 (SPY) comes into Christmas in bear market territory under 3,855...20% below the all time highs. Why are stocks falling again? Why is the traditional Santa Claus rally not coming to the rescue? And where do stocks head next? 40 year investment veteran Steve Reitmeister spells it all…

StockNews.com

3 Diversified REITs to Buy Now for 2023

Despite inflation showing signs of cooling down, the Fed’s battle against inflation isn’t over. With fears of a recession weighing on investor sentiment, it could be wise to invest in REITs Alliance Global (ALGGY), The GEO (GEO), and One Liberty Properties (OLP) due to their strong fundamentals. Let’s discuss….

Tribune News Service

Key inflation gauge cools, US consumer spending misses forecasts

The Federal Reserve’s preferred inflation measures eased in November while consumer spending stagnated, suggesting the central bank’s interest-rate hikes are helping to cool both price pressures and broader demand — with more tightening on the way.

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