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The Latest Breaking News from Inflation

US Stocks Open Lower After Inflation Report, Dow Dips 700 Points

U.S. stocks traded sharply lower this morning, following the release of inflation data for August

Benzinga

Rising Grocery Prices Pushed Annual Inflation to 8.3 Percent in August

Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.

Reason

US inflation slows for 2nd month but remains stubbornly high

Consumer prices jumped 8.3 percent in August compared with a year earlier, new US data shows.

Al Jazeera

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Gen Z struggles to save as inflation refuses to stop trending

Generation Z (Gen Z) is struggling to save and meet its financial goals in a world gripped with decades-high inflation and challenging economic conditions, a Bank of America survey showed on Tuesday.

Bangkok Post

Inflation eases for second month in a row but remains high at 8.3%

‘Overall, prices have been essentially flat in our country these last two months,’ Joe Biden says

The Independent UK

Questions over future of £55m Eastwood leisure centre plan as inflation soars

Planning permission was granted for a new leisure centre and theatre in Eastwood Park in January but councillors have raised concerns over rising costs throughout the project's development.

Glasgow Live

2 Potential Paths for the Stock Market

Labor Day is the unofficial end of summer. It's time to buckle down and get serious for the last 3 months of the year before things once again go on hiatus during the second half of December. Given the onslaught of news and historical developments, there's no reason to expect…

StockNews.com

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Shopping warning: Grocery bills top £5,000 a year due to soaring food inflation

Experts say households face shopping bills of more than £5,000 a year for their food and groceries, with some of the best-value products going up in price by a third

Daily Mirror

Tesla May Offer Cheaper EVs Ahead Of Robotaxi Launch, Hints Exec

Tesla's prices are so high that even CEO Elon Musk is embarrassed about it. It's time for the automaker to fulfill its mission and make EVs for the masses.

InsideEVs

Unemployment in Wales lowest since 1974 but economic inactivity on the rise

The unemployment rate in Wales is lower than the UK as a whole but the reverse for economic inactivity

Birmingham Post

US inflation tops forecasts, cementing odds of big Fed hike

U.S. inflation was firmer than expected in August, likely keeping the Federal Reserve on track for a third-straight 75 basis-point interest-rate hike.

Tribune News Service

US inflation tops forecasts, cementing odds of big Fed hike

U.S. consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve.

Tribune News Service

Inflation rises in August as gas prices cool

Economists expected a slight decline.

Axios

Dow Jones plunges amid news of US inflation rates

Inflation slowed for the second consecutive month as energy costs fall

The Guardian - US

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The Times of India

If finance minister doesn't see 'red' now, she does not represent average family: Chidambaram on retail inflation

NEW DELHI: Senior Congress leader P Chidambaram on Tuesday attacked finance minister Nirmala Sitharaman over retail inflation rising to 7 per cent, saying if she doesn't see "red" even now, it can be concluded that she does not represent the average family in India.

The Hindu

If FM doesn't see 'red' now, she does not represent average family: Chidambaram on retail inflation

CPI inflation was 6.71% in July and 5.3% in August 2021

Benzinga

S&P 500, Nasdaq Futures Plunge After Consumer Price Inflation Surprises To The Upside — Twitter, Peloton, Oracle Stocks In Focus

The major U.S. index futures squandered early gains and were moving to the downside following the release of the August inflation report.

Daily Mirror

Mini-Budget held next week - but Parliament will only sit for a few days in three months

Despite a mini-Budget next week, the Commons could sit for just five 'normal' days between July 22 and October 17 - as skyrocketing inflation hits and key questions on energy bills lie unanswered

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Insider UK

Grocery price inflation hits new record to add £571 to average annual bill

Retail categories like milk, butter and dog food are rising particularly quickly

The Independent UK

Cost of living: How to cope with the rise in prices

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

Axios

A souvenir from Biden's Inflation Reduction Act victory lap

The White House is holding a South Lawn event celebrating last month's signing of the green-energy-and-more package.

Benzinga

Dow, Nasdaq Futures Move Higher; All Eyes On Inflation Data

Pre-open movers U.S. stock futures traded higher in early pre-market trade on Tuesday after recording gains on Monday. The Dow Jones surged around 230 points, while the Nasdaq Composite jumped more than 150 points in the previous session.

The Guardian - UK

Aldi becomes fourth largest supermarket as grocery inflation hits 12.4%

Lidl also reports big sales increase as research shows discount stores benefiting as shoppers economise

Manchester Evening News

Shoppers warned over £571 supermarket bill as inflation hits new high

Shoppers are being hit hard by grocery inflation

WEKU

Soaring electricity bills are the latest inflation flashpoint

Inflation eased slightly in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.

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