The Latest Breaking News from Inflation

Reserve Bank governor Philip Lowe has foreshadowed slower mortgage bill hikes later this year as the bank grapples with massive uncertainties about the outlook for soaring inflation and the economy.

During his own inflation crisis, President Ford called on the American public to do their part through personal fiscal discipline.

Region’s long awaited energy and economic transition will be substantially boosted by US’s first climate legislation, the Inflation Reduction Act

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

Democrats and many independents are motivated by the issue of abortion, while Republicans have the advantage on the economy, according to a new NPR/PBS NewsHour/Marist poll.

The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday. Read…

Christine Lagarde warns that eurozone economic growth is weakening, but EBC plumps for record increase in borrowing costs to curb inflation

Associated British Foods warned of lower profit next year, as its Primark fashion business struggles with rising costs and surging inflation hammers the disposable incomes of British consumers. ABF said soaring energy bills and its decision to limit further price hikes would hurt fashion chain Primark and its margins next…

Europe is going to see higher interest rates

Other countries were also doing something similar, the Finance Minister said

In today’s newsletter: Days into her reign, the new prime minister will announce an effort to tackle rising prices – here’s what it might include