The Latest Breaking News from Inflation

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

Households and the Reserve Bank will get a much closer look into when soaring inflation peaks later this year with monthly price reports coming.

Over 115,000 postal workers are due to strike for four days over August and September 2022, they've been offered a rise, but it comes with a catch

Germany’s finance minister says the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation

UK households have faced unprecedented blows to their living standards in 2022. Home energy costs have more than doubled and are threatening to triple, the price of petrol has risen by more than half since the start of last year and overall price inflation is heading for double digits.

Its 6.94m UK insurance customers were up 12% on the first half of 2021

Egypt's annual urban consumer inflation accelerated to 13.6% year-on-year in July from 13.2% in June, data from the country's statistics agency CAPMAS showed on Wednesday. Month on month, headline inflation increased by 1.3%, compared to a 0.1% decrease in June. Among the biggest annual price increases were food and beverages…

Pre-open movers

As a highly combustible news week neared its midpoint, plans were solidifying around Friday afternoon for President Joe Biden to sign into law the Inflation Reduction Act, which, you might have heard, is no small thing.

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

Income tax thresholds, including the personal allowance, have been frozen for four years. But inflation is soaring and could hit 13% - meaning people will be dragged into paying more