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The Latest Breaking News from Inflation

How prices of every day foods like bread, milk and cheese have risen in the past year

The ongoing cost of living crisis influenced by the Russian invasion of Ukraine and rife inflation has bumped up the cost of many household items

Chronicle Live

Global recession looks likely. Even if Australia escapes it, we are in for a bad couple of years

Economics is confusing at the best of times. But, at the moment, it’s downright counter-intuitive.

The Conversation

Flat white 'will cost £4' by end of the year due to rising milk costs

The morning coffee which many grab on the way to work could become unaffordable

Wales Online

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

Standard deductions, tax brackets rise due to inflation

The IRS is increasing standard deductions for 2023 and tax brackets will be revised upward because of inflation.

Chicago Sun-Times

The new income tax brackets for 2023 likely to boost your paycheck

Here's a breakdown of income and rates for next year.

Axios

How Iceland’s legion of shoppers are making ends meet as inflation soars

As UK inflation tops 10%, a discount for over-60s at Manchester’s Urmston branch is proving a lifeline for many

The Guardian - UK

Porter: Corporate greed drives inflation

Armed with a chart, Porter got economist Mike Konczal to agree that corporate profits drove price increases

Salon

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How 10.1% inflation impacts your spending - plus full list of the biggest rises

Prices of food and energy have been blamed for the latest increase, but how does inflation affect your money?

Daily Record

Amount your Universal Credit could be cut in April after Liz Truss benefit changes

Liz Truss has dropped the Tory guarantee that the state pension and benefits will rise by 10.1% in April

Liverpool Echo

2 Stocks Under $50 You Shouldn’t Ignore in Q4

Sky-rocketing inflation and the Fed’s hawkish tilt have led to an economic slowdown. However, a decent start to the corporate earnings season is lifting investors’ optimism. And we think it will not be wise for investors to ignore fundamentally solid stocks such as Pfizer (PFE) and Kroger (KR), currently trading…

StockNews.com

Tax cuts to cost $11b more than estimate

The federal treasurer says the controversial stage three tax cuts will cost billions more than previously thought as the government faces calls to scrap them.

AAP

Why the federal government should join the Fed in the inflation fight

Fiscal policy is missing in the battle against rising prices.

Axios

4 Stocks That Have Taken a Turn for the Worse in 2022

The Fed’s hawkish stance on inflation has raised the likelihood of a recession in the near term. Fundamentally weak stocks Marvell Technology (MRVL), Plug Power (PLUG), Riot Blockchain (RIOT), and Timber Pharmaceuticals (TMBR) have plummeted this year and might witness further downside. So, these stocks could be best avoided now.…

StockNews.com

2 Industrial Stocks to Avoid or Sell Short Until Further Notice

While demand remained steady, the industrial sector is facing increasing headwinds such as inflation, interest rate hikes, and persistent supply chain disruption. Amid this, we believe fundamentally bleak industrial stocks, Plug Power (PLUG) and FuelCell (FCEL), might be best avoided or sold short. Read on.

StockNews.com

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Los Angeles Times

Like ‘two separate elections.’ How abortion and inflation have taken over California political ads

LOS ANGELES — The congressional election ads bombarding Californians show a sharp dichotomy in priorities — Democrats are laser-focused on abortion access, while Republicans zero in on inflation.

The Independent UK

IRS ups standard deductions, tax brackets due to inflation

Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation

The National (Scotland)

What is the triple lock and what impact does it have on pensions?

PRIME Minister Liz Truss has said she and her Chancellor remain “completely committed” to the triple lock on pensions.

Daily Mirror

Jeremy Hunt ignored call from Liz Truss begging for help because he thought it was prank

The top Tory was on holiday with his wife and children in Belgium - and is thought to have laughed out loud when he got a text saying ‘Jeremy, it’s Liz Truss , please call urgently’

Get all your
news in one place.

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Los Angeles Times

States with poor climate policy ‘overlap’ with those seeking to limit rights, Kamala Harris says

SAN FRANCISCO — After a summer of national and global climate devastation, Vice President Kamala Harris made a stop at the Cowell Theater on Tuesday to tout Democrats’ progress on climate policy just weeks before the midterm elections.

Wales Online

Campaigners urge Government to raise benefits in line with inflation now to protect poorest families

There are fears that many face a grim winter unless action is taken before next April

Reason

Climber Who Competed Without Her Hijab Apologizes as Protests Continue To Rock Iran

Plus: Bite mark analysis is a sham, tax code adjusted for inflation, and more...

The Independent UK

Is inflation affecting travel points and miles?

Inflation has made the cash prices of flights and hotel stays skyrocket this year, but it’s having a surprising effect on a different currency — your airline miles and hotel points

StockNews.com

3 Stocks Delivering Strong Results in 2022 to Buy Now

The central bank might deliver another big rate hike next month to tame the persistently high inflation. However, the corporate earnings season has been gearing up investors’ sentiments. We believe fundamentally sound stocks Bristol-Myers Squibb (BMY), Energy Transfer (ET), and Kroger (KR), which have consistently reported strong financials this year,…

Daily Mirror

ASOS planning to open shop on the high street to sell clothes at a discount

Online-only clothes retailer ASOS could open a pop-up store to sell out-of-season clothes at a steep discount, as the firm announced big losses due to the cost of living crisis

Daily Record

How soaring inflation will affect your household budget and spending this winter

Inflation surged back to 40-year high of 10.1% in September after food prices soared.

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