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The Latest Breaking News from Inflation

Progressive Democratic Senators say they will vote against amendments to Inflation Reduction Act

The remarks come ahead of the “vote-a-rama” to add amendments to the legislation as many Democrats cite it as a chance to tackle climate change.

The Independent UK

4 ways your TV subscriptions can change

Platforms are scrambling to limit damage, with Amazon Prime the latest to announce a price hike to combat inflation

Salon

Pensioners will be just 8p better off than they were in 2009 due to soaring inflation

Labour analysis of Bank of England figures shows annual pensions worth £6,930 13 years ago will only see a real terms increase to £6,934 by next March

Daily Mirror

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Truss insists on tax cuts not ‘handouts’ to help families amid spiralling prices

The Tory leadership hopeful said her plans could avert a downturn.

The Independent UK

Credit-card debt is soaring

Credit card balances are defying the gravitational pull of inflation.

Axios

Bangladesh announces fuel price jump, stokes inflation fears

Bangladesh raised fuel prices by around 50% on Saturday, a move that will trim the country's subsidy burden but put more pressure on inflation that is already running above 7%.

Reuters

Gas prices are finally dropping. Here are 4 things to know

The average price of gasoline nationwide is expected to drop below $4 a gallon in the coming days as prices continue to fall from the record highs hit in June.

WEKU

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Liz Truss rejects ‘handouts’ as way to tackle cost of living crisis

Conservative leadership frontrunner insists on tax cuts despite claims they will fuel inflation

The Guardian - UK

The Senate is moving ahead on Democrats' sweeping health, climate and tax bill

The wide-ranging legislation targets climate change, health care costs and taxes. Majority Leader Chuck Schumer kicked off floor debate on Saturday evening.

WEKU

Liz Truss rejects ‘handouts’ as solution to cost-of-living crisis

Tory leadership contender’s tax cut plan will not help the hungry, warns business leader

The Independent UK

Lebanon-Bound Ship Brings Hope, Not Solution to Food Crisis

A ship bringing corn to Lebanon’s northern port of Tripoli normally would not cause a stir. But it's getting attention because of where it came from: Ukraine’s Black Sea port of Odesa. The Razoni, loaded with more than 26,000 tons of corn for chicken feed, is emerging from the edges…

Asharq Al-Awsat

How to protect your savings and pension from UK inflation

We look at some options for safeguarding your nest egg amid rising prices and interest rates

The Guardian - UK

Truss promises tax cuts not ‘handouts’ to tackle cost-of-living crisis

The Foreign Secretary said she would do things in a ‘Conservative way’.

The Independent UK

4 Dividend Stocks Offering Double-Digit Yields: An Easy Way To Earn Passive Income

As the second quarter earnings season wraps up, investors looking to earn a passive income in order to balance out high inflation can invest in dividend stocks. With the consumer price index up 9.1% over the past 12 months, consumers are feeling their savings being eaten away by inflation.

Benzinga

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The Independent UK

Sunak and Truss tear each other apart on economy in latest leadership hustings

Rishi Sunak warned that unless inflation gets under control, there is ‘no hope’ the Tories will win the next election.

Bangkok Post

Commerce Ministry ups headline inflation forecast

The continuing rise in energy prices which have raised production costs for manufacturers and the prices of goods has prompted the Commerce Ministry to upgrade the forecast for headline inflation in 2022 to a range of 5.5-6.5% (averaging 6%) from the 4-5% range (averaging 4.5%) projected in March.

Bangkok Post

Investors fret over Fed move, geopolitical risks

Rising geopolitical tensions and the hawkish stance of the US Federal Reserve (Fed) remain major concerns for investors over the next three months, said the Federation of Thai Capital Market Organizations (Fetco).

Bangkok Post

Asian shares advance as oil prices retreat

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

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The Guardian - UK

Truss warns against ‘talking UK into a recession’ in leadership hustings

Tory favourite for No 10 says taxes should be kept low as rival Sunak says his priority will be to tackle inflation

The Independent UK

Tories can ‘kiss goodbye’ to next election if they fail to control inflation, says Sunak

Former chancellor warns rival Liz Truss will fuel price rises by cutting tax too soon

Tribune News Service

Senate Democrats iron out details as they ready climate and spending bill for a Saturday vote

Democrats were putting the finishing touches Friday on a massive climate and spending package that they expect to pass on a party-line vote to deliver a significant political victory for President Joe Biden ahead of the midterm elections.

Axios

Inflation hits back-to-school shopping

It's not your imagination. School supplies cost more this year.

The Independent UK

Bank of England’s dire recession warning too ‘optimistic’ amid gas threat, economists say

‘If Russia were to completely cut supplies and we had a cold winter it would be a perfect storm’

Tribune News Service

US job growth surges, tempering recession worries and pressing Fed

U.S. employers added more than double the number of jobs forecast, illustrating rock-solid labor demand that tempers recession worries and suggests the Federal Reserve will press on with steep interest-rate hikes to thwart inflation.

Newsroom.co.nz

How to shake off the inflation blues

Surveys show New Zealanders feel inflation is outpacing their ability to save, while new research suggests this will put more people in a place of sadness, anger and pain.

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