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The Latest Breaking News from Inflation

Rishi Sunak vs Liz Truss: Where PM candidates stand on tax cuts, Brexit, immigration and other issues

Liz Truss and Rishi Sunak will go head-to-head in a BBC debate on Monday night

Manchester Evening News

Aldi ups workers’ pay for the second time this year as inflation bites in the UK

Aldi has said it will give store workers across the UK a second pay rise since the start of the year as inflation continues to surge.

Evening Standard

The Fed faces new political pressure as economy slows

A new op-ed from Senator Warren is a sign of the political risks ahead.

Axios

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Fed set to impose another big rate hike to fight inflation

Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot

The Independent UK

Tesco comes out on top while grocery inflation hits highest level since 2008, according to a new study

The study also showed consumer spending on take-home grocery sales in Ireland fell by 3.1% over the 12 weeks to 10 July 2022

Irish Mirror

John Oliver on the causes of the US inflation crisis: ‘An unprecedented perfect storm’

The Last Week Tonight host offers an Economics 101, breaking down the multitude of factors that have caused the worst US inflation in 40 years

The Guardian - US

The Big Lie: Bitcoin To Hedge Against Inflation

Inflation is insidious, sucking the life out of the finances of individuals, families and nations. The June 2022 inflation rate in the United States was 9.1%, the highest monthly inflation rate since November 1981. The highest inflation rate was recorded in April 1980 at 14.76%. We haven’t reached that point…

Benzinga

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2 Cruise Ship Stocks to Short the Rest of 2022

High inflation and the Fed's aggressive stance to combat it have increased the likelihood of a recession. Furthermore, while the cruise sector barely survived the pandemic, an economic downturn might obliterate its liquidity. So, we think it could be wise to avoid the shares of struggling cruise ship stocks Carnival…

StockNews.com

Judge blocks Georgia DA from investigating ‘fake elector’ in setback for Trump inquiry – as it happened

Judge’s decision considered a complication in inquiry widely seen as one of the best chances of holding Trump liable for his ‘big lie’

The Guardian - US

Aldi ups workers’ pay for the second time this year as inflation bites harder in the UK

London workers’ pay at the German discount retailer to rise further above the capital’s Living Wage

Evening Standard

Zimbabwe debuts gold coins as legal tender to stem inflation

Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency

The Independent UK

Dispirited homebuyers show why Fed's unprecedented fight against inflation is beginning to succeed

I’ve studied finance and financial markets since the 1970s, and I have never seen the Federal Reserve’s monetary policy get such prominent news coverage as it has this past year.

The Conversation

Tech company earnings, US GDP and Australian inflation to dominate markets this week

US mega tech companies Microsoft, Google, Meta, Apple and Amazon all report earnings this week. It's one of five big stories influencing global markets.

The New Daily

How the highest inflation rate in 40 years is hitting Ayrshire councils hard

A closer look at how the pressure already placed on council projects and services by Brexit and Covid ramped up in 2022.

Daily Record

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Daily Mirror

Universal Credit, PIP and other benefits set to rise for MILLIONS of people - see when

Millions of people on benefits like Universal Credit and Personal Independence Payment are in line for a bumper increase next year - and we should know pretty soon

Chicago Tribune

Good beer, great value: 10 cheap beers you’ll actually enjoy drinking, including one that’s cheaper than gas

CHICAGO — Inflation won’t quit. The price of gas has reached the stratosphere. The stock market is taking a beating. And I won’t even start on crypto.

Al Jazeera

‘Uncharted territory’: Five key takeaways on US inflation

What consumers feeling the pain of rising food and fuel prices need to know.

WEKU

Inflation is crushing rural America and may even drive people to the cities

Inflation is hitting hard in rural America and could accelerate depopulation in some parts of the country, according to the latest analysis from one expert.

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Salon

Bartiromo gets a lesson on inflation

Bartiromo is corrected after blaming certain inflation issues on Biden that should go to Trump

Asharq Al-Awsat

Asian Shares Start Week Lower, Tracking Wall St Retreat

Asian shares tumbled Monday after a retreat on Wall Street spurred by disappointing economic data and corporate earnings. Oil prices also slipped. Investors are awaiting the next move by the US Federal Reserve, which is expected to raise its key interest rate again on Wednesday as it strives to beat…

Liverpool Echo

DWP Universal Credit claimants could be in line for bumper Christmas payment

DWP payments could rise in line with inflation

Manchester Evening News

Warning almost EVERY job sector could soon be on strike as UK faces 'worst ever crisis'

As walk outs continue across a range of sectors - academics have warned the country could see disruption as bad as the 1970s

Wales Online

Thousands 'unretire' as over 50s return to work in cost of living crisis

"With spiralling inflation and volatile financial markets impacting pension funds, some people who thought they could retire comfortably during the pandemic are now having to unretire and find work again"

The Independent UK

Asian shares start week lower, tracking Wall St retreat

Asian shares have opened mostly lower after a retreat on Wall Street

Al Jazeera

The Indian rupee touched record lows, but not everyone is worried

The Indian currency has fallen more than 7 percent so far in 2022 pushing up inflation and wrecking margins for importers.

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