The Latest Breaking News from Inflation

Tesco boss in ‘parallel universe’ over price rises, says farmers’ union

John Allan said producers may be using inflation as excuse to raise prices further than necessary

The Guardian - UK · Jan 23, 2023

Crime, inflation hammer support for Chile's Boric in tough first year

Carmen Villegas, 56, a housewife in Santiago, was one of the millions of Chileans who turned out to vote for Gabriel Boric in 2021, propelling the young leader to the presidential palace amid optimism over his plans to reduce deep-seated inequality.

Reuters · Jan 23, 2023

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

Reuters · Jan 23, 2023

United Kingdom at a standstill as simultaneous strikes stall the country

Just about every public service sector has gone on strike in the UK as the worst wave of industrial action to grip Britain in decades looks set to continue well into 2023.

ABC News · Jan 22, 2023

Recession fears if interest rates hiked

Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.

AAP · Jan 22, 2023

Anti-monarchists plan protests at coronation of Britain's King Charles

British anti-monarchists said on Sunday that they planned to protest during the coronation of King Charles in May, saying the ceremony was "a slap in the face" for most people struggling with high inflation.

Reuters · Jan 22, 2023

Iran’s Raisi Pledges to Tackle Inflation

Iranian President Ebrahim Raisi on Sunday set the tackling of galloping inflation and currency devaluation as priorities for the 2023-2024 budget presented to parliament. The pledge came as the rial touched a new low. Addressing MPs, Raisi tried to reassure Iranians over the economy which faces a serious crisis due…

Asharq Al-Awsat · Jan 22, 2023

This attempt to cut the pay of public servants offends a basic British sense of fairness

The revered philosopher John Rawls had it right: most citizens believe that the government has an obligation to create a just society

The Guardian - UK · Jan 22, 2023

Jeremy Hunt led calls for big pay rise for NHS nurses last summer

Chancellor, as chair of select committee, signed off report saying it was ‘unacceptable’ that nurses were struggling to feed families

The Guardian - UK · Jan 22, 2023

Inflation tipped to peak in fresh data

Australians will get a pulse check on the rising costs of living when inflation figures for the December quarter drop.

AAP · Jan 22, 2023