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The Latest Breaking News from Inflation

WPI inflation eases to 13.93% in July from 15.18% in June

NEW DELHI: The wholesale price-based inflation eased to 13.93 per cent in July on easing prices of food articles and manufactured products.

The Times of India

Workers face record pay slump against surging inflation

Latest figures show a 4.1% drop in regular pay once inflation is taken into account - the biggest fall since records began

Insider UK

Asian shares mostly higher, echoing Wall Street rebound

Asian shares are mostly rising after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China

The Independent UK

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UK wages in June fall at fastest rate for 20 years

Real pay continues to be outstripped by soaring inflation amid a continuing cost of living crisis

The Guardian - UK

Workers' pay falls at record levels as Tories 'have lost control of the economy'

Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics.

Daily Mirror

UK real pay falls by record 3%, as job vacancies also decline – as it happened

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

The Guardian - UK

Why you are now getting paid 3% less than you were a year ago

It is the biggest fall since records began

Wales Online

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Cost of living crisis: Wages plunge at record pace as bills soar

Real wages fall 3% after inflation but government claims ‘jobs market is strong’ as public sector workers receive huge pay cut and bankers enjoy big bonuses

The Independent UK

One year into Taliban control, Afghans face poverty and repression. Australia cannot turn a blind eye

One year after the fall of Kabul, life is difficult and precarious for almost everyone in Afghanistan. More than half of the 40 million people of this troubled country are facing severe malnutrition and grinding poverty, and 90% struggle with food insecurity. In a land of widows and orphans, disaster…

The Conversation

Economy to continue growing despite disappointing Q2: Bank of Thailand

Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue.

Bangkok Post

Total methane emissions have declined since 1991, but methane emissions from livestock are up

The Inflation Reduction Act aims to reduce emissions from agriculture and natural gas systems , the top two sources of methane emissions

USAFacts

Harris at 26 tie-breaking votes in the U.S. Senate, most ever cast in a single term

Vice President Kamala Harris (D) cast three tie-breaking votes in the U.S. Senate related to the Inflation Reduction Act. On August 6, she cast a vote to proceed with debate on the bill, and on August 7 she cast votes to approve an amendment and to pass the bill.

Ballotpedia

Dogs of the Dow: 2 Stocks to Buy and 2 to Hold

The stock market has rebounded lately from the decline in the year's first half, thanks to better-than-expected corporate earnings and the expectation of easing inflationary pressure. However, a still uncomfortable inflation level and the possible aggressive rate hikes could keep the market volatile. The Dogs of the Dow investment strategy…

StockNews.com

5 Passive Income Stocks to Buy in August 2022

Inflation is still hovering near 40-year highs, and many analysts expect the Fed to continue with its interest rate hikes. Therefore, the stock market is expected to remain under pressure. Moreover, the ongoing geopolitical tensions are adding to investors’ concerns. Given the uncertainties surrounding the market, it could be wise…

StockNews.com

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Daily Record

Nationwide are offering £1,200 cost of living bonus to thousands of workers

The company is the latest to give employees an extra payment amid soaring energy costs and inflation.

Chicago Sun-Times

Washington delivers some good news – yes, really

There is more work to be done, but the Inflation Reduction Act shows what serious, committed public servants can accomplish when they work together.

Nottingham Post

Labour Party reveals plan to stop rising energy bills this winter

This plan could save the average household £1,000

Glasgow Live

Soaring utilities cost could see £2m education overspend in East Renfrewshire

The forecast is included in a report to councillors this week and is mainly due to “increased costs within utilities, PFI/PPP contracts and transport contracts due to inflationary pressures”.

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Benzinga

Why Investors Shouldn't Be So Happy About 8.5% CPI Inflation; They're Ignoring 'The Elephant In The Room'

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up 3.4% in the past week, and much of the positive momentum has come after the July consumer price index (CPI) reading was up just 8.5% year-over-year.

Tribune News Service

Credit card balances rise above pre-pandemic high, as inflation hits

Consumers continue to take on more credit card debt as inflation hikes up their spending.

Tribune News Service

Consumer prices are soaring. Here are the best ways to protect your savings

While inflation is at the highest it’s been since the early 1980s, many people — especially those living paycheck to paycheck — may be struggling to save any money at all.

The Conversation

How to tackle the UK cost of living crisis – four economists have their say

UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze on households and businesses is down to rising energy costs.

InsideEVs

Audi, Kia, Porsche Say Their EVs Will Lose US Tax Credit Eligibility

The list of automakers criticizing the Inflation Reduction Act is getting longer by the day, but the bill will be signed this week by US President Joe Biden.

StockNews.com

3 Quality Stocks to Buy at Reasonable Price Levels Right Now

The stock market has rallied since July after a disappointing first half of the year. However, with inflation remaining elevated despite declining from the 40-year high, the Fed will likely continue its aggressive interest rate hikes. Given this backdrop, it could be wise to invest in fundamentally strong stocks Progress…

The Independent UK

What is Labour’s plan to freeze energy bills?

Sir Keir Starmer says he ‘wouldn’t let people pay a penny more’ and argues £29bn strategy would save families £1,000 a year and help bring inflation down

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