The Latest Breaking News from Inflation

DfE says maximum rate in England and Wales will be fixed at 6.3%, having previously reduced it to 7.3%

Severe cuts to services feared as rising costs absorb a big chunk of increased departmental spending

The Government’s spending plans are ‘considerably less generous’ than originally intended last autumn, a think tank has warned.

Rates will be cut to 6.3% from September, having already been cut to 7.3% from 12% in June.

Australian shares are trading lower on Wednesday, as investors await crucial inflation data out of the US. Data out of China has already showed that price hikes there are rising, too.

The Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say.

Mexico's annualized inflation rate has hit 8.15% in July, the highest in almost two two decades

'Everyone should stand by nurses They’ve had the most stressful, hard work of any profession. All they got was a clap for their work and a teeny weeny pay rise which is really a pay cut with inflation. They have bills to pay like the rest of us.'

Yes, history has a way of repeating itself. Like how periods of high inflation are followed by recessions and bear markets time and time again. Or how periods of high stock valuations often lead to extended bear markets like 2000 to 2003…and yes that may be repeating now. Before you…

Sky high inflation, the Fed’s rate hikes, and a slowing economy have worried investors and led to massive pressure on the stock market. In such uncertain times, dividend-paying stocks Broadcom (AVGO), BHP Group (BHP), and Insperity (NSP) could be ideal investments for your retirement portfolio, given their fundamental strength. Read…

Consumer sentiment normally has a political bias – voters for the government of the day survey more optimistically than those supporting the opposition.