The Latest Breaking News from Inflation

Ignore the doomsayers, the sky won’t fall if Australian workers get a pay rise

There has not been a wages breakout even in this period of extraordinary inflation, yet the fear of one continues to be spread

The Guardian - AU · Mar 29, 2023

‘Simply about survival’: ACTU calls for 7% pay rise for lowest-paid workers to keep pace with inflation

Minimum hourly rate would rise to $22.88 – or $45,337 a year – if the Fair Work Commission grants the increase

The Guardian - AU · Mar 29, 2023

Inflation is declining, but health premiums and medical costs are heading higher

WASHINGTON — During the pandemic, health care costs — usually a main driver of U.S. inflation — remained surprisingly stable, rising just about 2% annually even as prices for many goods and services soared more than three or four times that rate.

Los Angeles Times · Mar 29, 2023

'Households are going to have more money to spend' - Expert gives inflation projection for 2023

"There have been developments in the energy markets in particular over the last couple of months that lead us to believe that the inflation rate won’t be as high as that for this year"

Irish Mirror · Mar 29, 2023

Housing market 'completely altered' as first quarter prices fall for the first time in decade

'The invasion of Ukraine and the associated shift in macroeconomic conditions, especially the rise in inflation and in interest rates, has completely altered conditions in the [housing] market'

Dublin Live · Mar 29, 2023

Next expects price rises to slow this year in sign that inflation is easing

Retailer reports record annual profits of £870m after stronger-than-expected sales but says 2023 could be ‘very challenging’

The Guardian - UK · Mar 29, 2023

Scottish economy expected to return to growth in 2024

Projections suggest Scottish GVA will fall by 0.6% during 2023, largely within in the first six months

Insider UK · Mar 29, 2023

BoT raises key rate a quarter-point

The Bank of Thailand on Wednesday raised its benchmark interest rate for a fifth straight time and signalled that more tightening is on the horizon to return inflation to its target.

Bangkok Post · Mar 29, 2023

Afternoon Update: all eyes on RBA as inflation slows; Hillsong founder’s DUI charge; and amateur prospector’s $250,000 find

Annual inflation rate dropped in February to 6.8% – the slowest pace since June last year

The Guardian - AU · Mar 29, 2023

Cost of the South Wales rail Metro electrification project hits £1bn

Covid and soaring inflation has pushed up the cost of the Welsh Government's flagship transport project by around 40%

Birmingham Post · Mar 29, 2023