The Latest Breaking News from Inflation

A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April

Prime minister says only Russian defeat can avoid ‘more economic distress’ – as inflation soars at home

We explain everything you need to know about all the financial changes coming up in July - including updates to the National Insurance threshold and the start of cost of living payments worth £650

Under pressure from the French government to do more to help consumers tackle higher energy costs, TotalEnergies has announced discounts on pump prices at French motorway petrol stations. The move comes as inflation hit a record high over the month of June.

Acquisitons also help FTSE 100 business supplies company

It's the first time ever that real disposable income has fallen for four quarters in a row

Though economists worry that higher interest rates could push the nation into a recession, the Fed chair pointed to a strong labor market and said most households and businesses have healthy savings.

Against a backdrop of unprecedented turmoil – the first major war in Europe in three decades, the highest inflation rates in decades and a rapidly worsening global food crisis – western leaders have met for two major summits. The G7 met in Germany and Nato leaders gathered in Madrid. The…

Work and Pensions Secretary Therese Coffey has confirmed that the UK Government may review the benefit cap this year which affects how much money claimants can receive