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The Latest Breaking News from Inflation

Cypriots walk off job in rare strike over index-linked pay demands

Thousands of workers walked off the job in Cyprus on Thursday in a standoff with employers over their demand for inflation-linked salary increases, in the first broad mobilisation in decades.

Reuters · Jan 26, 2023

UK households will face more pain, says Bank’s former chief economist

Andy Haldane says starting mortgage rate rises sooner would have nipped inflation in the bud

The Guardian - UK · Jan 26, 2023

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The Independent UK · Jan 26, 2023

From analysis to the latest developments in health,
read the most diverse news in one place.

US economy grows faster than expected; Royal Mail resumes some overseas deliveries – as it happened

Growth of 2.9% suggests a soft landing despite rate rises, say some analysts, as others still forecast a ‘mild recession’

The Guardian - UK · Jan 26, 2023

US Growth Expected to Slow in Fourth Quarter as Downturn Fears Loom

The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by consumption and business investment although recession fears loom. Economic activity has been easing as the US central bank hiked the benchmark lending rate seven times last year, in hopes…

Asharq Al-Awsat · Jan 26, 2023

Asian shares mixed on hopes for avoiding recession

Asian stock markets are mixed amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation

The Independent UK · Jan 26, 2023

UK telecoms firms urged to let customers leave before record price rise

Which? calls on firms to let customers break contracts penalty-free ahead of expected 14% rise in April

The Guardian - UK · Jan 26, 2023

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UN forecasts fall in global economic growth to 1.9% in 2023

The United Nations is forecasting that global economic growth will fall significantly to 1.9% this year

The Independent UK · Jan 26, 2023

Philippines shakes off inflation for best growth since 1976

The Philippines weathered the fastest inflation and highest policy rate in 14 years to deliver one of Asia’s strongest expansions, shoring up the economy by the most in decades amid a bleak global outlook.

Bangkok Post · Jan 26, 2023

Onion smuggling rackets thrive as staple becomes a luxury in Philippines

Millions of dollars’ worth of onions seized by authorities as inflation crisis sees the cost of other basics soar

The Guardian - AU · Jan 26, 2023

BoT hikes interest rate for 4th time

The Bank of Thailand yesterday raised its policy interest rate by 0.25 percentage points for a fourth consecutive time in an attempt to contain high inflation.

Bangkok Post · Jan 25, 2023

Putting a dampener on Thai recovery

After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the…

Bangkok Post · Jan 25, 2023

US bars entry for those who ‘undermine’ Nigeria’s upcoming polls

February 25 elections, which will determine Nigeria’s president, come amid inflation and widespread insecurity.

Al Jazeera · Jan 25, 2023

Inflation has hit 7.8% over the past year – so why aren’t Australians running for the hills?

Despite the highest inflation growth in 32 years, the figures suggest a peak has likely been reached

The Guardian - AU · Jan 25, 2023

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StockNews.com · Jan 25, 2023

3 Home Improvement Stocks to Spruce up Your Portfolio in 2023

Driven by rapid urbanization and stable consumer spending, the home improvement industry’s prospects look promising. Furthermore, easing inflation data for December is expected to bode well for the industry. Hence, quality home improvement stocks Lowe's Companies (LOW), Sherwin-Williams (SHW), and Bassett Furniture Industries (BSET) could be ideal additions to your…

Kiplinger · Jan 25, 2023

The 5 Best Actively Managed Fidelity Funds to Buy and Hold

Sometimes it's best to leave the driving to the pros – and these actively managed Fidelity funds do just that, at low costs to boot.

The Conversation · Jan 25, 2023

Interest rate hikes: The Bank of Canada's 'resolute' fight against inflation could threaten its credibility

The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reaching the bank’s two per cent inflation target, today’s eighth consecutive interest rate hike brings the policy rate to 4.5 per cent. The bank expects to hold the rate for…

AAP · Jan 25, 2023

Hefty pay rises required to beat inflation

The soaring cost of living is leaving wages for dust, with workers needing generous pay rises to outpace inflation.

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StockNews.com · Jan 25, 2023

3 Stable Stocks to Buy This Week for Under $50

Despite the headline inflation cooling down, the Fed will likely continue raising interest rates to meet its inflation target. Moreover, S&P 500 earnings are estimated to have declined in the last quarter. Amid the uncertainties, investors should consider buying fundamentally strong and stable stocks Daikin Industries (DKILY), Takeda (TAK), and…

StockNews.com · Jan 25, 2023

3 Health Care Stocks to Buy During Times of Uncertainty

The healthcare industry usually holds up well in times of uncertainty, thanks to the inelastic demand for their products and services. As macroeconomic uncertainties related to the high inflation and a potential recession remain, quality stocks Humana (HUM), NextGen Healthcare (NXGN), and InfuSystem (INFU) might be ideal buys now. Keep…

The Guardian - UK · Jan 25, 2023

Drop in UK growth forecast limits chancellor’s budget wriggle room

OBR tells Jeremy Hunt he will have £9bn less income to factor amid falling tax receiptstax receipts

Al Jazeera · Jan 25, 2023

Gov’t mismanagement, external pressures as Arab currencies crash

Several Arab countries outside the Gulf have seen currency devaluation and rising inflation.

Wales Online · Jan 25, 2023

The job with inflation-beating pay increases but still struggling to recruit staff

Pay is not the only way that Carmarthenshire Council is trying to recruit much-needed carers

The New Daily · Jan 25, 2023

Inflation peak to cause even higher mortgage bills in early 2023, economists say

Australian homeowners are being warned to brace for at least two more interest rate hikes in early 2023 after fresh inflation figures.

Bangkok Post · Jan 25, 2023

BoT delivers another quarter-point rate hike

The Bank of Thailand raised its key interest rate by 25 basis points for a fourth consecutive meeting on Wednesday, as it attempts to curb high inflation even as the return of Chinese tourists brightens the country’s economic growth prospects.

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