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The Latest Breaking News from Inflation

3 Upgraded Stocks to Add to Your Portfolio This Week

Inflation remains a hot topic in management commentaries this earnings season. Moreover, the Fed is widely anticipated to deliver its fourth 75 basis point rate hike next week. Amid the market uncertainties, fundamentally strong stocks, Comcast Corporation (CMCSA), Ulta Beauty (ULTA), and Brown & Brown (BRO), which have recently been…

StockNews.com

Welfare claims in East Lothian up 60% as hundreds need help with bills

Finance chiefs have warned East Lothian Councillors they will need to take another £1 million from reserves to meet budget gap caused by unfunded pay increase, inflation and the cost of living crisis.

Edinburgh Live

Ghana's economic crisis: expert insights into how things got so bad – and what the fixes are

Ghana is grappling with runaway inflation as prices of basic commodities have spiralled. Government finances are also at their weakest in years. Ghana’s local currency, the cedi, is now the world’s worst performer against the US dollar - a signal of the depth of the country’s economic crisis.

The Conversation

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Rising costs and abortion access top voter concerns in key New Hampshire Senate race

In a race that could decide the fate of the Senate, Democratic Sen. Maggie Hassan is facing retired Army Brig. Gen. Don Bolduc, a Republican who falsely claimed the 2020 election was stolen.

WEKU

Rishi Sunak takes over as U.K. PM facing enormous economic and political challenges

As his Conservative Party struggles to heal divisive wounds from months of infighting, Sunak must deal with high inflation levels, elevated energy prices and a soaring cost of living.

WEKU

Raising benefits in line with earnings will make the poor worse off – here's why

Amid the ongoing turmoil of UK politics, there has been much talk of how fair the British social security system is. In the wake of a series of mini-budget U-turns, the chancellor of the exchequer, Jeremy Hunt, has affirmed that “there will be more difficult decisions to take on both…

The Conversation

Four scenarios for a world in disorder

Chinese leader Xi Jinping’s recent speech to the Communist Party Congress could be one of the most consequential of the decade. He told the audience – and the world – that his economic growth-crushing zero-COVID policy is here to stay, and that Beijing is more determined than ever to reunify…

The Conversation

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How much cost of supermarket food has risen in past year - as price of vegtable oil and pasta soars by 60 per cent

Government data has revealed the harsh effects of rising inflation on supermarket goods

Manchester Evening News

Premier Inn owner warns of costs soaring by £60m because of inflation

Hotel chain reports profits of more than £300m in first half of financial year

The Independent UK

Six graphs that explain the 2022 federal budget: rosy views mugged by reality

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

The Guardian - AU

Jim Chalmers’ first budget comes amid a darkening economic outlook. Here’s what could go wrong

The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates

The Guardian - AU

Inflation 'out of control' as cost of everyday food items soars by up to 65%

Inflation is at a 40-year high leaving many Scots struggling to make ends meet.

Daily Record

Protesters interrupt Ted Cruz's interview on 'The View'

The protesters repeatedly yelled, "Vote for climate now!" while Cruz spoke about inflation in the United States.

WEKU

This is a federal budget of no surprises – designed to be sober, to build trust in the hope of better things to come

Labor’s 2022 budget is about a new government starting as it means to continue, then crossing its fingers and hoping continuing like that is actually possible

The Guardian - AU

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The Guardian - AU

Federal budget 2022: Jim Chalmers heralds budget of ‘restraint’ while warning of risks ahead for households

Treasurer flags need for tax reform to put economy on more sustainable path and further intervention in energy sector amid soaring prices

The Conversation

Jim Chalmers’ 2022-23 budget mantra: whatever you do, don’t fuel inflation

Terrified by the prospect of further stoking the worst inflation in three decades, Treasurer Jim Chalmers and Finance Minister Katy Gallagher have delivered a budget that takes out of the economy about as much as it pumps into it.

ABC News

What does the federal budget deliver for business? Child care, skills and tax the centrepieces

Addressing skills shortages is the government's key budget focus to assist business, with tax stings in store for some multinationals, cash-in-hand businesses and investors.

ABC News

Federal budget 2022: Winners and Losers

It's the second federal budget of the year, but this time Treasurer Jim Chalmers is delivering Labor's first in close to a decade. Here's where it plans to spend its money and where it wants to rein things in.

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ABC News

Australians in for tough financial times as federal budget forecasts declining real wages and high living costs

Australians are facing a bleak couple of years, with Treasury forecasting dual woes of sustained high living costs and declining real wages. The budget bottom line has improved but Treasurer Jim Chalmers is warning of tough decisions in coming months.

AAP

Two years to go before wages rise

The gloomy state of the economy will weigh on household budgets with a boost to real wages not expected until at least mid-2025.

The Independent UK

Price of ‘budget’ food soars as cost of cheapest pasta skyrockets by 60%

Price of the cheapest tea, biscuits and chips also rose by more than 30 per cent

Tribune News Service

Allison Schrager: Biden hasn’t helped the economy. He’s made it worse

To President Joe Biden’s credit, his policies didn’t cause many of the economic problems we face today. But they did make them worse. Even more troubling, his policies might reduce growth in the future and make the economy less equal and resilient.

Tribune News Service

Ramesh Ponnuru: Democrats are focusing on the wrong issues

A political party has a problem when voters think it has the wrong answers to their most important questions. It has a bigger problem when voters think it isn’t even focusing on those questions. Democrats have put themselves in that position, and it may cost them dearly in next month’s…

Daily Mirror

Full list of 30 biggest food price rises from pasta to oil - with some items up 65%

New data from the Office for National Statistics (ONS) shows the price of vegetable oil has risen 65% in a year, with pasta up 60% as well - as the cost of living crisis continues

The Guardian - UK

Whitbread warns of £60m increase in costs due to inflation

Premier Inn and restaurant chains owner reports profit bounceback to pre-Covid levels

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