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The Latest Breaking News from Inflation

Midterms: Joe Biden says election is an ‘inflection point’ that will define next 20 years

Democrats are braced for severe losses in Congress amid high inflation and other economic challenges

Evening Standard

"It’s like life is not worth living": Life on the streets where benefits are just not enough to live on

“It’s not living – it's existing"

Manchester Evening News

‘A new political hellscape’: sweeping gains for Republicans could stifle Biden’s presidency

Momentum appears to be with Republicans capitalising on economic frustration as experts say party peaking at right time

The Guardian - US

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Asian stocks mostly rise as markets watch China, inflation

Asian stocks have advanced as investors weigh uncertainties such as the U.S. mid-term elections and China’s possible moves to ease coronavirus restrictions

The Independent UK

Fighting inflation doesn’t directly cause unemployment – but that's still the most likely outcome

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

The Conversation

Govt hails lower prices of goods in markets

The prices of basic produce and meats have fallen, which shows inflation is slowing, according to Commerce Minister Jurin Laksanawisit.

Bangkok Post

Autumn Statement 2022 predictions: How will tax rises affect you and what will happen to the state pension?

What can we expect from the first major economic intervention from Jeremy Hunt and Rishi Sunak which is set for November 17.

Chronicle Live

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Morningstar sees US inflation easing

Morningstar Research (Thailand) projects US inflation to drop sharply in the first half of next year, saying the Federal Reserve is doing more than is required to bring inflation back to 2%.

Bangkok Post

Just another midterm election? Or does a November surprise await?

In one sense, the fundamentals of this election season have remained remarkably consistent. President Joe Biden's approval ratings languish in the low 40s. High inflation stubbornly persists. And odds have stayed stacked against the sitting president's party.

Los Angeles Times

UK facing huge scale of unrest last seen in 1980s miners’ strike

Nearly 1.7 million mostly public sector workers are being balloted on or have voted for stoppages

The Guardian - UK

Brexit isn’t to blame for our current problems; it is still an opportunity

Whether that opportunity is seized or squandered is yet to be seen but the dire predictions didn’t happen

The Guardian - UK

Biden’s climate bill victory was hard won. Now, the real battle starts

Implementing the $369bn Inflation Reduction Act amid tight deadlines and high-stakes midterm will be a challenge

The Guardian - US

Consumer habits in the RBA spotlight

How consumers and government agencies are spending their money will be closely watched by Australia's central bank as inflation bites.

AAP

Biggest nurse strike in NHS history to take place before Christmas

Union officials say the goodwill and expertise of nursing staff is being 'exploited' and have called for a 15% pay increase to account for the rise of inflation

Wales Online

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The Independent UK

Nurses vote to strike in first ever national action as cost of living bites

The Royal College of Nursing is campaigning for a pay rise of 5 per cent above inflation

Tribune News Service

As voters worry about inflation, Democrats still hope abortion rights drives voter turnout in Florida — against Republicans

FORT LAUDERDALE, Fla. — Abortion rights is such an important issue to Rebecca Thompson, of Pembroke Pines, that she brought her 2-year-old daughter with her to early vote.

Chicago Tribune

President Joe Biden stumps for Rep. Lauren Underwood in Illinois, says Republicans pose threat to Social Security and Medicare

CHICAGO — President Joe Biden stumped for suburban Democrats in Joliet on Saturday, part of a final weekend campaign visit to what has been a reliably blue state that underscored national Democratic concerns that Republican gains in several races could give the party control of Congress on Election Day.

Reuters

German pensions could rise by up to 4.2% in 2023 - proposal

Germany's more than 20 million pensioners will likely see their state benefit rise by up to 4.2% from July 2023, according to a governemt proposal seen by Reuters, lower than the expected inflation rate of 7.0%.

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Zenger

Economic Inflation Impacts Annual Divorce Filings

Economists attempt to predict how inflation influences household decision-making and the annual rate of divorce filings.

The Independent UK

When are the midterm elections 2022?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

The Guardian - UK

UK restaurant and coffee prices rise by up to 26% in two years

Many high street chains are putting up their menu prices as they struggle to heat premises, retain staff and pay for supplies

The Independent UK

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

Fortune

Powerball obsessions: Americans are craving financial escapism amid recession fears and decades-high inflation

Powerball jackpot fantasies are running rampant with recession fears up and financial confidence down.

Salon

Biogas tax credit benefits factory farms

Experts say the Inflation Reduction Act's push for biogas is "one step forward and two steps back."

The Independent UK

Rishi Sunak vows to ‘limit’ mortgage bill hikes as he defends looming spending cuts

PM refuses to rule out return to austerity and declares inflation his ‘number one enemy‘

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