The Latest Breaking News from Inflation

Fall comes amid concerns that soaring inflation will curb spending by large manufacturers

After several setbacks in regional elections, Spanish Prime Minister Pedro Sanchez scored a rare legislative success as parliament passed three key bills late on Thursday, reinforcing his political strength despite galloping inflation, analysts said.

President Joe Biden on Friday endorsed a plan to pass a bill intended to lower the cost of prescription drugs and pay for health insurance.

A spokesperson for Mr Manchin says Democrats must ‘adjust to the economic realities the country faces to avoid taking steps that add fuel to the inflation fire’

12 years of Tory rule have also shredded the safety nets on which people used to rely. At the same time they have turned the screws on the unions and failed to deliver on their promises to improve employment rights. Here's 50 reasons the patience of workers has finally snapped

The record-high inflation, the Federal Reserve’s hawkish tilt, and growing recession fears have led to heightened volatility in the market. However, despite the concerning macro environment, Wall Street analysts see upside potential in VEON (VEON), Lumen Technologies (LUMN), and AbCellera Biologics (ABCL). So, these stocks could be worth adding to…

From sky-high food prices to rising interest rates, here's why we're heading into recession — and what happens next

Inflation is making it even harder to buy a home.

One subsidised restaurant seeks to help Turks facing escalating living costs. But such acts do little against a soaring inflation rate

Oil prices rose on Friday amid prospects of a less aggressive US rate hike, although worries about a recovery in demand capped gains. Brent crude futures for September delivery rose 94 cents, or 1.0%, to $100.04 a barrel by 0630 GMT, while WTI crude rose 63 cents, or 0.7%, to…

Inflation this high is very bad for Americans, and especially the Americans who have to pinch pennies to feed their families, write the rent check and fill their gas tanks. And while it’s axiomatic that the economy a president oversees is the economy for which he’s held accountable, it’s also…