The Latest Breaking News from Inflation

With inflation, there are winners and losers. With a recession, everyone loses.

Monetary policy committee member says Bank must act to prevent high inflation becoming embedded

Outgoing Monetary Policy Committee member Michael Saunders said increases ‘still have some way to go’ in order to get inflation under control.

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a taxpayer…

U.S. Treasury Secretary Janet Yellen will call on Tuesday for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China's "unfair trade practices" and efforts to dominate key raw materials and technologies markets.

From Monday, the French parliament will debate two bills presented by the government, aimed at shielding the least well-off from the impact of inflation. In the light of last week's setback for the presidential party on the question of health regulations, discussions are likely to be troubled.

Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update.

Europe is feeling the pain from Russia's war in Ukraine

Inflation in Australia isn't affected by wage increases, a new report says soaring corporate profits is the dominant factor.