The Latest Breaking News from Inflation

Lidl, Aldi, Tesco value, Morrisons saver, Asda Just Essentials and Sainsbury’s Basics budget range items prices soaring faster than premium brands

Supermarket's own-brand value ranges are seeing inflation far outstripping that of other items

Wales Online · Feb 24, 2023

Best and worst supermarkets for price rises revealed - from Aldi to Tesco and Lidl

The tracker from Which? shows prices were up 23.6% year-on year at Lidl and 22.5% at Aldi in January, compared with 10.4% at Ocado, 13.2% at Sainsbury’s, 13.6% at Tesco, 14.4% Morrisons, 15.2% at Waitrose and 16.8% at Asda.

Daily Mirror · Feb 24, 2023

Supermarket value range shoppers bearing brunt of food price inflation – Which?

The price of value items was up 21.6% in January on a year before, well in excess of overall grocery inflation of 15.9%.

The Independent UK · Feb 24, 2023

US revises down GDP for Q4 to 2.7%

The revised estimate marked a deceleration from the 3.2 percent growth rate from July through September.

Al Jazeera · Feb 23, 2023

2 Software Stocks to Buy This Week and Hold Onto Forever

Despite the inflation and rising interest rates, the software industry’s long-term prospects remain bright, thanks to consistent digital transformation within the market that has exhibited remarkable growth so far. Hence, fundamentally strong software stocks GoDaddy (GDDY) and Commvault Systems (CVLT) could be ideal buy-and-hold options for investors. Read more….

StockNews.com · Feb 23, 2023

China's global influence worries U.S. majority: AP-NORC poll

A new poll shows that just 40% of U.S. adults approve of how President Joe Biden is handling relations with China, and a majority of them are anxious about Beijing's global influence

The Independent UK · Feb 23, 2023

Corporate profits fuelling inflation, research finds

New analysis challenges the narrative that workers need to accept sluggish wage growth to tame inflation and says business profits are driving higher prices.

AAP · Feb 23, 2023

3 Surefire Stocks You Can Buy Right Now

With higher-than-expected job gain and inflation, concerns about the Fed’s tight monetary policy pushing the economy into a recession still loom large. Therefore, investors could look to buy fundamentally strong and profitable stocks, Johnson & Johnson (JNJ), Canon (CAJ), and Forrester Research (FORR). Keep reading….

StockNews.com · Feb 23, 2023

Stirling councillors back council rent rise

The council said the additional funds raised by the rise would help with staffing and inflation costs.

Daily Record · Feb 23, 2023

US growth figure revised downward

WASHINGTON: US economic growth in the fourth quarter of 2022 was weaker than previously estimated, reflecting a downward revision of consumer spending as the Federal Reserve’s preferred inflation figures were revised higher.

Bangkok Post · Feb 23, 2023