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The Latest Breaking News from Inflation

Labour MPs warned about talking to media except for Queen tributes

But some MPs believe party should speak out about cost of living, inflation and arrests of protesters

The Guardian - UK

Explained: What India needs to do to tame soaring inflation

NEW DELHI: Just when the world was gradually recuperating from the slowdowns caused by Covid-19 pandemic in the last 2 years, the war between Russia and Ukraine worsened matters.

The Times of India

How the UK energy crisis plan will affect bills and price inflation — an economist explains

A rapid rise in energy prices for households and businesses this year has led the UK government to outline its energy price guarantee plan, designed to ensure a typical household will pay no more than £2,500 annually for two years from October 1 2022. Businesses will have their energy costs…

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

As Inflation Soars, Biden Hosts Cringey Concert Celebrating the Inflation Reduction Act

James Taylor croons while the stock market burns after another ugly report on inflation.

Reason

American billionaires ‘lose $93bn in a day’ as new inflation figures hit markets hard

“Unemployment is low. Jobs are up. Manufacturing is good. I think we’re going to be fine,” said President Joe Biden

The Independent UK

Milk, cheese and eggs prices in UK supermarkets compared as food prices rise to 14-year high

Soaring milk, cheese and egg costs have pushed food inflation to its highest level for 14 years

Wales Online

Cops Fail To Protect Own Informant From Rape, Then Charge Her With a Drug Crime

Plus: The authoritarian convergence, inflation up and stocks down, and more...

Reason

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Sensex, Nifty snap four-day rally; rate hike fears spook investors

MUMBAI: Sensex slid 224 points and Nifty shed 66 points in volatile trade on Wednesday as fears of high inflation and aggressive interest rate hikes halted the four-day rally in the domestic equities amid sluggish global cues.

The Times of India

Martin Lewis donates almost £100,000 of his on money to a financial charity live on GMB

The money-saving expert urged viewers to part with energy bill rebates ‘if they don’t need it’

Evening Standard

Drivers issued update over fuel prices as inflation rate drops below 10 per cent

For the first time in months the inflation rate has dropped after hitting double figures in July - the first it's done so in 40 years. With this, drivers have been issued an important update over fuel.

Glasgow Live

1 Underperforming ETF Every Investor Will Want to Avoid Right Now

Cathie Wood’s ARK Investment Management’s flagship fund ARK Innovation (ARKK), has dropped more than 56% in price year-to-date, as its tech stock holdings have been hard hit amid the broader market sell-offs on concerns over rising inflation, aggressive interest rate hikes, and a potential recession. Hence, we think investors should…

StockNews.com

Bank tipped for half-point rates rise despite small fall in inflation

MPC rate decision delayed until next Thursday following death of Queen

Evening Standard

US wholesale inflation declines in August to still-high 8.7%

Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come

The Independent UK

Details revealed: RBA review to probe interest rate settings and government’s role

The RBA review will investigate how governments can work with the central bank to manage fallout of soaring inflation rising interest rates.

The New Daily

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The Conversation

Why Apple can hold the line on iPhone prices, as smartphones defy soaring inflation and keep getting relatively cheaper

Inflation in the U.S. is surging to near a 40-year high, with prices on food, fuel and pretty much everything seeming to rise more every month.

Evening Standard

The Standard View: London will be united in mourning the Queen

The crowds gathered in their tens of thousands in Edinburgh to pay their final respects to the Queen. More lined the route from RAF Northolt in west London to Buckingham Palace as Her Majesty made her way home. And today, our city will again pay its respects to our departed…

The New Daily

‘Bloodbath’: Australian market erases $60 billion within hours – but don’t panic

More than $60 billion was wiped from the Australian stock market on Wednesday in a broad sell-off triggered by economic woes in the US.

The Independent UK

Average UK house price sees biggest annual rise in 19 years

The percentage increase was around double the rate recorded in June

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Chronicle Live

Warning over state pension as thousands set to miss out on upcoming cash boost

State pensions are set for a boost in line with inflation next year but thousands will miss out on the extra money - here's why

Tribune News Service

2 Georgia Republican candidates, two different views on economy

ATLANTA — U.S. Senate hopeful Herschel Walker paints a bleak picture of the economy: soaring inflation, high taxes and wasteful government spending. But listen to Gov. Brian Kemp and a far different image emerges, one where jobs are being created and investment is flourishing.

Daily Record

How new inflation rate will affect your household budget and spending this autumn

Inflation dipped slightly to 9.9% as petrol costs fell but supermarket prices continued to soar.

The Independent UK

UK inflation dips slightly in August to 9.9%

Inflation in the United Kingdom slowed slightly in August as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease

Wales Online

House prices jump by biggest amount in 19 years

It was around double the increase seen a month prior

Benzinga

US Stocks Could Head For Recovery Today After Inflation-Report-Induced Bloodbath, Futures Trading Suggests — Nikola, JNJ, SoFi In Focus

U.S. stocks could pick up the shreds after the ravages inflicted by an inflation reading that came in more than expected. The major U.S. index futures are pointing to a higher open on Wednesday. On Tuesday, the major U.S. averages recorded their worst single-day declines since the middle of June…

The Independent UK

Inflation: How cost of everyday items such as milk, cheese and eggs has soared over past year

Food prices have risen by 13.1% in past 12 months

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