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The Latest Breaking News from Inflation

French strike pits workers vs. government as inflation bites

Industries across France have gone on strike Tuesday to push for pay hikes that keep up with rising inflation

The Independent UK

You can run, but you can't hide: Inflation is busting budgets, and killing joy too

Inflation is hitting Americans hard at home with prices soaring for electricity, groceries, rent, even breakfast. A carton of eggs is 30.5% more expensive than it was last year.

WEKU

Trussonomics is dead, but not before laying a trap for Labour

The defeat of free market ideology will be worthless if it results in a fear of public spending, says Josh Ryan-Collins of the UCL Institute for Innovation and Public Purpose

The Guardian - UK

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Seven reasons to be fearful of your softly-spoken new Chancellor Jeremy Hunt

Jeremy Hunt is an emollient, centre-right Tory - but it doesn't make the message he's delivering any sweeter. We look at why you should brace for austerity, high energy bills, and uncertainty over benefit and state pension rates

Daily Mirror

Families won’t be able to afford to pay mortgages, warns M&S chief

Rate rises are the biggest threat to the economy, Marks & Spencer chairman Archie Norman warns

Evening Standard

Frustrated Nigerians 'flee' abroad in punishing pre-election brain drain

Nnamdi Nwaogu, a 44-year-old IT worker, has packed his bags. In Lagos, Nigeria's frenetic commercial capital, galloping inflation and a plunging naira have pummeled his salary.

Reuters

Suburbs delivered recent wins for Georgia Democrats. This year, they're up for grabs

Whether Democrats can hold onto the Georgia suburbs may come down to candidate quality, shifting demographics and whether voters are more discouraged by inflation or abortion restrictions.

WEKU

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Philippines looking at market intervention to defend peso: Marcos

MANILA: The Philippines will continue to use interest rates to mitigate against inflation and may step in to defend a depreciating peso, President Ferdinand Marcos Jr said on Tuesday.

Bangkok Post

EU proposes joint gas buying and curbs on energy price spikes – business live

European Commission proposes mechanism to cap “excessive and volatile” gas price moves, and to let member countries start jointly buying gas

The Guardian - UK

Schools, transport disrupted as French workers strike for higher wages

Thousands of people took to the streets across France on Tuesday and commuters faced delays as unions staged a nationwide strike for higher salaries, as they remain in deadlock with the government over walkouts at oil depots that have sparked fuel shortages.

France 24

Scuffles break out as French strike to call for higher wages

Dozens of black-clad protesters clashed with police and broke shop windows on Tuesday on the margins of a demonstration when several thousand people took to the streets of Paris to call for wage hikes as high inflation eats away their purchasing power.

Reuters

New calls for extra £325 cost of living payment and benefits to increase in line with inflation

Scope is also urging the UK Government to double the £150 disability cost of living payment.

Daily Record

New Zealand inflation near record high as wisdom of interest rate rises questioned

Latest figures defy widespread predictions inflation would fall, as the central banks readies an ‘outsized’ rate hike

The Guardian - AU

How does the RBA set interest rates each month? Why was this month's decision a close call?

The Reserve Bank reveals its recent decision to slow down interest rate increases was "finely balanced" and explains the process by which it arrives at its monthly decisions.

ABC News

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AAP

Inflation staying hot in NZ at 7.2 pc

Housing, petrol and diesel and vegetable costs are all soaring in New Zealand, where CPI inflation has been measured at 7.2 per cent in the year to September.

Tribune News Service

France braces for disruption as railways to join strike Tuesday

France is bracing for more work and travel disruption Tuesday as the CGT and other labor unions ask workers across industries to join a walkout by some refinery employees to demand higher wages as inflation dents purchasing power.

StockNews.com

2 Stocks That Are Major Steals Right Now

The market volatility and odds of a recession are perpetually increasing with every update on inflation numbers and consequent aggressive interest rate hikes by the Fed. Hence, it could be wise to load up on attractively priced shares of businesses with robust demand and a stable growth trajectory. Microsoft (MSFT)…

StockNews.com

5 Stocks You'll Be Happy You Didn't Buy in 2022

The Fed is expected to keep hiking rates as inflation is yet to be brought under control. Amid rising recession odds, it could be best to avoid fundamentally weak stocks Roblox (RBLX), Palantir Technologies (PLTR), Snap (SNAP), Blink Charging (BLNK), and Astra Space (ASTR) in 2022. Read on….

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news in one place.

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StockNews.com

3 Upgraded Stocks to Consider Buying This Week

The red-hot inflation is increasing the odds of continued rate hikes by the Fed. Since the market is expected to remain under pressure on recession fears, it could be wise to invest in fundamentally sound stocks Comcast Corporation (CMCSA), GSK (GSK), and Masonite International (DOOR), which have been recently upgraded…

The Independent UK

Martin Lewis calls for immediate increase in benefits after Jeremy Hunt rips up mini-Budget

Personal finance guru calls on government to hike benefits in line with latest inflation figures

Benzinga

This Chipotle Analyst Sees Further Upside In 2023 As The Cost Of Dining In Overtakes Dining Out

Food inflation is now up 11.2% for the 12 months ending in September, and the figure has a striking detail: food at home inflation is up 13%, while food away from home is only up 8.5% over the last 12 months.

Evening Standard

Truss commits to pensions triple lock despite Hunt signalling it could be scrapped

Prime minister stands by big rises to pensions despite Chancellor’s misgivings

The Independent UK

Jeremy Hunt signals state pensions triple lock could be scrapped

The Chancellor warned the Government would not shy away from taking ‘difficult decisions’.

Daily Mirror

Jeremy Hunt hints pensions triple lock under threat as he tears up Liz Truss's plans

Chancellor Jeremy Hunt refused to commit that the state pension would rise in line with inflation in April as planned during a grilling by MPs over the Government dramatic economic U-turn

Tribune News Service

How to earn more by switching savings accounts

Online banks have been increasing interest rates for savings accounts during most of the year, following the lead of the Federal Reserve to combat surging inflation with rising rates. But if your money is only earning the national average — or less — elsewhere, then you’re likely not maximizing your…

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