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The Latest Breaking News from Inflation

10 Countries Suffering Biggest Economic Losses From US-Iran War

The ongoing US-Iran war, now in its fourth week, has triggered the largest global energy supply disruption in decades through attacks on infrastructure and threats to shipping in the Strait of Hormuz

International Business Times

Afternoon Update: RBA official’s rate hike warning; ABC boss’s ‘utterly offensive’ comments condemned; and ‘boy kibble’ goes viral

Iran war ‘making us all poorer’, but bank may need to raise interest rates again to curtail inflation, assistant governor says

The Guardian - AU

UK consumer confidence has ‘collapsed’ during Iran war, retail industry says

BRC survey finds public even more pessimistic about finances as higher energy prices fuel inflation fears

The Guardian - UK

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War on Iran ‘making us all poorer’ but RBA may need to hike interest rates again, official warns

Comments come as the Albanese government said it would back an ‘economically sustainable’ above-inflation minimum wage rise

The Guardian - AU

Labor Backs Calls For 3 Million Aussies To Get An Above-Inflation Pay Rise: ‘Doing It Tough’

Labor is urging the Fair Work Commission to deliver an above-inflation minimum wage rise to help low‑paid workers cope with fuel costs.

Pedestrian.tv

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

AAP

Consumer confidence ‘collapses’ as Middle East war escalates

Consumer expectations of the economy over the next three months has fallen to its lowest level on record, the BRC and Opinium found.

The Independent UK

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British consumer confidence plunges to record low as Middle East conflict fuels inflation fears

British consumers are anticipating rising costs over the coming months due to the Iran war

The Independent UK

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

AAP

Rising profit margins turbocharged Australia’s latest inflation figures – but something worse is just around the corner

Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June

The Guardian - AU

This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

The Conversation

38% of Americans Now Rely on Personal Loans — What's Forcing Millions to Borrow?

Personal loan debt in the US has climbed to $276 billion as of 2026, with 38% of Americans now holding at least one loan. Explore how rising inflation, 23% credit card APRs, and a shift in borrowing culture are forcing millions to refinance and consolidate debt to stay afloat.

International Business Times UK

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

AAP

Retirement Healthcare Costs Are Climbing Again — What the Average Couple Now Needs

You might think retirement means cocktails, sunshine, and guilt‑free naps. But there’s another number lurking in the background that’s as important as any beach house or bucket list trip: healthcare costs. And right now those numbers are creeping upward again, faster than many people would like to admit. Since medical…

The Free Financial Advisor

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Barchart

This Is Not Your Father’s Gold Market Anymore

Gold and silver prices are up while crude oil prices fall. How does that make sense?

The Guardian - AU

Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

Budget and the Bees

Staying with Your Current Bank Could Be Costing You 4% Interest This Year

Is your money sitting in a traditional savings account earning a measly 0.01 percent interest? It is a frustrating reality for millions of Americans who stay loyal to big banks while inflation eats away at their purchasing power. You might feel safe with a household name, but that loyalty is…

Grocery Coupon Guide

Millions of Families Still Struggling With Food Bills Despite Easing Inflation

Government reports frequently highlight positive economic news. The national inflation rate dropped to 2.5% recently. Politicians and economists celebrate this metric as proof that the financial crisis is over. However, the mood inside the local supermarket is completely different. Shoppers stare at their final receipts with frustration and anxiety. The…

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Euronews

Iran war energy shock puts ECB on alert — Lagarde says this is no repeat of 2022

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

Evening Standard

Inflation holds at 3% in ‘calm before the storm’ of Iran war

The Office for National Statistics said the rate of Consumer Prices Index inflation was unchanged from the 3% level reported in January.

International Business Times UK

Iran War Quietly Strains UK and Europe as Hidden Economic and Security Risks Escalate

The Iran conflict is quietly driving inflation, reshaping trade and testing security policies across the UK and Europe, with growing risks to daily life.

Evening Standard

Why is UK inflation steady and how will the Iran war affect it?

February’s inflation rate of 3% means if an item cost £100 a year ago, it would now cost £103.

Evening Standard

Travelodge says earnings squeezed by higher minimum wage and rent inflation

The budget hotel chain also reiterated its apology to a guest who was sexually assaulted by a man who was given a key card to her room in 2022.

The Independent UK

Average five-year fixed mortgages now cheaper than two-year deals

The Office for National Statistics (ONS) said the average house price increased by 1.3 per cent

Evening Standard

Average two-year mortgage rates are now higher than typical five-year deals

The conflict in the Middle East is causing concerns over path of interest rate setting, Moneyfacts said.

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