The Latest Breaking News from Inflation

'If everybody tries to beat inflation – in price-setting and wage-setting – it gets worse,’ warns Andrew Bailey

Andrew Bailey also rejected criticism bank should have raised interest rates sooner

Business secretary Kwasi Kwarteng says support will not be introduced until ministers return to work

In the week since he reached a deal with Senate majority leader Chuck Schumer on the “Inflation Reduction Act,” Sen. Joe Manchin has been everywhere promoting it. One of the West Virginia Democrat’s top selling points is the promise to speed up permitting for U.S. energy production.

NEW YORK — A nationwide surge in food and gas prices has hit particularly hard for some nonprofits serving vulnerable New Yorkers.

More than half of those surveyed expect their financial position to worsen in the next year

The American job market has defied raging inflation, rising interest rates, growing recession fears

Global inflation and the war in Ukraine have led to skyrocketing prices as tens of thousands are struggling to make ends meet

Following a year of exceptionally strong growth, house prices fell by 0.1% month on month in July, Halifax said.

Strike action will begin on 21st August after talks failed to produce a reasonable pay offer, says Unite union

Asian stock markets are higher ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation