The Latest Breaking News from Inflation

German economy shrank 0.2% in Q4, worse than expected

Official figures show that Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period

The Independent UK · Jan 30, 2023

Layoffs are the medicine America needs to take to break out of inflation’s vicious circle, says former Walmart U.S. CEO

More job losses across the economy are necessary to break the ongoing wage-price spiral, a danger the bricks-and-mortar employer itself is risking with its recent pay hike.

Fortune · Jan 30, 2023

Union Budget 2023-24: Global economic slowdown may lead to business uncertainty, shows TOI-Deloitte survey

NEW DELHI: The Union Budget 2023-24 assumes significance as it is being presented at a time when global headwinds might impact India's growth trajectory.

The Times of India · Jan 30, 2023

With full state coffers and bipartisan support, Texas teachers are hopeful they’ll get a raise this year

The COVID-19 pandemic, inflation and burnout have pummeled teachers in the last few years. Lawmakers from both parties agree they should get a pay bump — but it won’t happen without some negotiation.

The Texas Tribune · Jan 30, 2023

A soft landing is playing out–but optimism needs to be for the right reasons

Against the odds, the U.S. economy is moving towards a soft landing, according to BCG's top economists.

Fortune · Jan 30, 2023

US Dollar Continues Insane Hike at the Expense of Iraqi Dinar

The exchange rate of the US dollar in Iraq continues to skyrocket as the country’s monetary authorities and government fail to curb the devaluation of the Iraqi dinar.

Asharq Al-Awsat · Jan 30, 2023

Bank of England poised to raise interest rates for 10th time in a row

Policymakers face balancing act between driving inflation down and risk of deepening economic slump

The Guardian - UK · Jan 30, 2023

What were the key events of Sunak’s first 100 days?

The Prime Minister inherited a series of daunting challenges including soaring inflation, sky-high energy bills and industrial disputes.

The Independent UK · Jan 30, 2023

ASX slips ahead of US, British and European rate hikes, Rio Tinto apologises after radioactive capsule lost in WA

Rio Tinto's iron ore division chief Simon Trott has apologised and says the company is taking the lost radioactive capsule in WA "very seriously", while the Australian share market slips from its nine-month high ahead of a busy week.

ABC News · Jan 29, 2023

Soaring prices and smuggling: The Philippines are in an ‘onion crisis’

Onions now cost more than meat in the Philippines. As the country hits near-unprecedented levels of inflation sparked by natural disasters and a global fuel crisis, the pantry staple is in high demand at even higher prices. Since December 2022, people have been posting prices of onions online and even…

France 24 · Jan 29, 2023