The Latest Breaking News from Inflation

THE UK is set to fall into its longest recession since the financial crisis and inflation will peak at more than 13 as gas prices soar, the Bank…

The Bank of England today voted to raise interest rates to their highest level since 2008. This is also the single-biggest rise since 1995.

Bank of England hikes rates to their highest level since January 2009

Cost of living measures include pension rises, a cap on rent increases and a civil service pay rise

Energy bills are not expected to start coming down until then end of 2024 or early 2025.

Consumer prices in the U.S. are rising due to inflation at the fastest rate they have in decades. Earlier this summer, SciLine interviewed Martha Olney, a teaching professor emerita of economics at the University of California, Berkeley, about what’s causing prices to rise and what the government can do to…

UK faces a bleak year as living standards plunge and inflation is set to hit 13% and the UK faces the longest economic downturn since the 2008 financial crisis

Billions of dollars in climate and environment investments from the Inflation Reduction Act could flow to communities in the United States that have been plagued by pollution and climate threats for decades

The Bank has stated that the UK's "growth is very weak by historical standards"

Analysis: The monetary policy committee has been accused of being asleep at the wheel amid cost of living crisis

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October