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The Latest Breaking News from Inflation

Labour vows to freeze energy price cap and extend windfall tax

The Labour leader promises a £29 billion support package to deal with a ‘national economic emergency’.

Evening Standard

GDP notches fastest growth in a year on eased pandemic curbs

Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.

Bangkok Post

Asian shares mixed after China cuts key rate, Japan GDP up

Shares are mixed in Asia after China cut a key interest rate and Japan reported its economy expanded at a faster pace in the last quarter

The Independent UK

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George Kerevan: Scotland's economy is a diverse one, despite what Unionists say

THE price of an ounce of gold is up on the year by around £200. When you have rampant inflation, investors seek to park their cash somewhere that…

The National (Scotland)

Labour unveil their cost of living plans and vow to extend windfall tax

Keir Starmer estimates that under the 'fully-funded' proposals, the average household would not pay a 'penny more' for their energy bills over the coming months

Wales Online

Rail fare increase in England will be below inflation rate, Government says

The Government will not use July’s retail price index to calculate how much to raise rail fares in 2023.

The Independent UK

Australia is in the middle of a cost-of-living crisis but we're not the only ones. Here’s what inflation looks like around the world

Australia's inflation rate is the highest it's been in 21 years and we're not the only country feeling the sting of rising costs.

ABC News

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Making more than ends meet

A move to expedite the enforcement of the new daily minimum wage as early as October has added to the debate over what the most acceptable wage rise should be.

Bangkok Post

ASX higher, JB Hi-Fi hikes dividend, Carsales profit jumps while Nearmap surges 25pc

Australian shares rise, tracking a strong finish on the Wall Street last week on signs that US inflation might have peaked, while upbeat earnings by blue-chip companies buoyed the domestic index.

ABC News

Northern Ireland PMI: Inflationary pressures hit private sector business activity hard

"As far as the economy is concerned, storm clouds continue to gather"

Birmingham Post

A-level results day: Pupils told to prepare for ‘disappointment’ amid ‘grade inflation’ crackdown

It’s ‘only fair’ to manage pupils’ expectations to avoid unpleasant ‘shocks’, watchdog says

The Independent UK

Tragedy, farce in Mountain B saga

By now, many of us may have lost interest in the deadly fire at the Mountain B pub in Sattahip district of Chon Buri province because they are occupied with other more pressing issues such as inflation.

Bangkok Post

Wage hike caution

Labour Minister Suchart Chomklin is right to vow an increase in the daily minimum wage from Oct 1, instead of next year.

Bangkok Post

Labour announces plan to freeze energy price cap with reinforced windfall tax

Keir Starmer says people won’t pay ‘a penny more’ and that plan would reduce inflation

The Guardian - UK

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The New Daily

‘It’s important not to over-react’: Australia’s top economists on how to fix high inflation

Australia’s top economists are divided about how to tackle ballooning inflation that’s forecast to climb to a three-decade high by the end of the year.

The New Daily

Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

The Guardian - AU

Cooking oil price surges hurt Australian takeaway outlets including fish and chips

Covid-induced inflation, drought in Canada and global instability are putting the squeeze on key ingredients of a national staple

The Independent UK

'China threat' emerges in elections from UK to Australia

While inflation and recession fears weigh heavily on the minds of voters, another issue is popping up in political campaigns from the U_K_ and Australia to the U_S_ and beyond: the “China threat.”

Get all your
news in one place.

100’s of premium titles.
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The Guardian - UK

Like Thatcher, Truss wants radical change – but could she avoid a crisis?

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

The Guardian - US

US inflation isn’t going away. Small businesses must plan ahead

We’re still struggling with rising costs and the situation isn’t going to change any time in the near future

The Guardian - UK

Liz Truss’s economic plan is ruinous nonsense with no reference to reality

Nothing in her pledges will foster the growth that this country so urgently needs

The Conversation

'It's important not to overreact': Australia's top economists on how to fix high inflation

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.

Pioneer Press

With primaries over, Minnesota’s elections take shape

ST. PAUL, Minn. — Crime. Abortion. Inflation. Trust. Distrust.

The Guardian - UK

We partied for June’s jubilee, but a winter recession won’t be an easy ride

Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

Inverse

Want to buy an EV? Here’s what you need to know about the Inflation Reduction Act

Opinion: At first glance, the revised EV tax credits seem like a smart move. Rapid and widespread adoption of electric vehicles will be essential for the United States to meet its climate goals.

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