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The Latest Breaking News from Inflation

Rishi Sunak pledges to slash inflation in half this year as PM outlines vision in major speech

Prime Minister announces five pledges on the economy, health and immigration

Evening Standard

Sunak promises to tackle inflation and NHS waiting lists in major speech

Delivering his first speech of 2023, the Prime Minister promised to deliver ‘peace of mind’ to the public.

The Independent UK

Rishi Sunak's 5 'promises' for what could be his final year - and how it may all go wrong

Rishi Sunak tried to reboot the ailing Tory government today with a speech in east London - promising 'no tricks, no ambiguity'. Yet his five promises for 2023 sound pretty vague...

Daily Mirror

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Rishi Sunak vows to halve inflation and ‘stop migrant boats’ before 2024 election

PM promises to deliver on five major ‘people’s priorities’ – including reducing NHS waiting lists

The Independent UK

Getting Ready to Retire? 3 Stocks That Are Safe as They Come

Many market pundits expect a recession in 2023 as policymakers continue raising interest rates to cool the economy and quell inflation. Retirees looking for stable passive income might consider adding fundamentally sound dividend-paying stocks, Walmart (WMT), Kellogg Company (K), and Cardinal Health (CAH), to their portfolios now. Keep reading….

StockNews.com

Workers who sat out the Great Resignation got the biggest raises in 25 years

Even a recession can’t keep job hoppers from flexing their upper hand.

Fortune

Aldi and Lidl grab the supermarket Christmas crown

Double digit food inflation sends shoppers rushing to buy up cut price groceries for Christmas

Evening Standard

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Prepare for a 'slowcession' in 2023, says one of the first economists to predict the 2008 financial crash

The year ahead will no doubt be tough for the U.S. economy, but the chief economist at Moody’s Analytics wants us to be a little more optimistic.

Fortune

Disabled people in UK unable to afford heating, food: Report

Soaring inflation has forced disabled people already beset by lower incomes to cut back on essentials, study says.

Al Jazeera

2022 Proved That Governments Can't Improve on Good Economic Principles

We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.

Reason

Christmas grocery spending reaches new record as food prices soar

Total spend has risen because of increasing food costs rather than longer shopping lists, according to Kantar

Evening Standard

UK households spent £1.1bn more on groceries in December for fewer items

Spending higher than year earlier, with World Cup football pushing up beer sales

The Guardian - UK

Food inflation rockets to record 13.3% as cost of living crisis deepens

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

Evening Standard

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

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The Independent UK

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

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’.

Chicago Tribune

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.

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news in one place.

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Axios

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.

Tribune News Service

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.

The National (Scotland)

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…

Daily Mirror

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

StockNews.com

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),…

The Conversation

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.

Al Jazeera

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.

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People

Sristi Suman Jayaswal

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