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The Latest Breaking News from Inflation

Wanna Know Why Lettuce Is So Expensive? Rising Corporate Profits

Inflation in Australia isn't affected by wage increases, a new report says soaring corporate profits is the dominant factor.

Pedestrian.tv

Jim Chalmers warns of ‘confronting’ inflation and wages forecast in July economic update

Treasurer says rising interest rates will affect economic growth but Labor has plans to provide cost-of-living support

The Guardian - AU

Asian shares gain, lifted by strong consumer sentiment data

Shares have opened higher in Asia after gains on Wall Street on Friday following some encouraging news about U.S. consumer sentiment and inflation expectations

The Independent UK

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New Zealand inflation hits 7.3%, the highest rate since 1990

Pain for households as consumers price index for June quarter exceeds forecasts and more interest rate rises loom

The Guardian - AU

G-20 finance chiefs blame Russia as path to soft landing narrows

Finance chiefs from the world’s biggest economies lined up to blame Russia for the global inflation wave and sharply deteriorating growth outlook.

Tribune News Service

Elon Musk Revealed When Tesla Might Lower Car Prices

Over the past year, Tesla several times increased the prices of its EVs, making them far more expensive than a few years ago. Is there any chance for price reductions?

InsideEVs

Cost of living crisis: Inflation hits 32-year high at 7.3 percent

Inflation has hit 7.3 percent - its highest since June 1990 - driven by more expensive fuel, food and housing costs.

Newsroom.co.nz

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PM warns against reduced Covid isolation period as nation records 31 deaths – as it happened

Follow all the day’s news

The Guardian - AU

Dark clouds on the horizon

The drumbeat warning of recession is getting louder and more frequent, based on reports from the US and other major economies.

Bangkok Post

Housing developers' sentiment remains low in Q2

Despite improvement from the first quarter, sentiment among housing developers in Greater Bangkok in the second quarter remained low as inflation, higher interest rates and rising costs worried them.

Bangkok Post

All five Tory leadership candidates REFUSE to give millions of Brits a 5% pay rise

The five Tory leadership candidates snubbed even a below-inflation pay rise as they tore furious strips off each other in an ITV debate - where Liz Truss accused Rishi Sunak of causing a recession

Daily Mirror

Aust economy to slow: Deloitte

The country's economy will chart a "middle ground" between recovering from the pandemic and continued uncertainty and rising interest rates and inflation.

AAP

Rishi Sunak wears £490 Prada shoes on visit to Teesside building site

Rishi Sunak wore his £490 brown Prada suede loafers to a building site in Teesside on Saturday.

Evening Standard

One per cent rise in inflation adds £33 to Scots families' annual food bill

According to the Office for National Statistics (ONS), this is the highest rise since March 2009.

Daily Record

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The Times of India

Rupee fall fuels inflation, but makes exports competitive: Experts

NEW DELHI: Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts.

Reuters

'Captain Taiwan' President Tsai launches local election campaign

Taiwan President Tsai Ing-wen launched her party's campaign for November local elections on Sunday, touting the island's economic resilience in the face of global challenges like the war in Ukraine and inflation.

ABC News

New Zealand extends fuel excise duty cut until the end of January to ease inflationary pressures

The New Zealand government extends cuts in fuel excise tax, road user charges and public transport fares until the end of January, as families struggle with higher living costs.

The Independent UK

Rishi Sunak: I’ll deliver tax cuts after getting grip on inflation

Former chancellor says curbing spiralling prices is ‘number one economic priority’

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news in one place.

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Tribune News Service

Manchin in driver’s seat again after inflation fears vindicated

WASHINGTON — Nearly a year ago, Sen. Joe Manchin wrote Fed Chair Jerome Powell to raise alarm that the central bank’s policies would overheat the economy, a fixation that made the West Virginia Democrat an outlier in his party.

Benzinga

'It's A Platform That Makes It Easy For Anyone To Invest In Rental Properties' CEO Of Arrived Homes On Benzinga's Real Estate Podcast

Welcome to Benzinga's Real Estate Podcast. Today, we have Ryan Frazier, who's the CEO of the real estate investment platform Arrived Homes.

The Guardian - UK

The US’s selfish war on inflation will tip the world into recession

As the Fed raises interest rates, dollar-denominated loans become an unsustainable burden to states around the globe

The Guardian - UK

Andy Haldane: we can fix the cost of living crisis. But will we?

The Bank of England’s former chief economist has a clear idea of what caused the current inflation mess, but fears the UK lacks any clear plan for solving it

StockNews.com

Don’t Be a Sucker…the Worst Is Still to Come

Inflation news provides more signs the worst in the stock market (SPY) is not behind us. Earnings season is providing more signs the worst is not behind us. Economic reports are providing more signs the worst is not yet behind us. The only confusion is all the silly little "suckers…

Bangkok Post

Saudis warn against 'unrealistic' energy policies

JEDDAH, Saudi Arabia: “Unrealistic” policies regarding energy sources will only push up costs and lead to “unprecedented inflation”, Saudi Arabian Crown Prince Mohammed bin Salman said on Saturday.

The Guardian - UK

Economics made simple: 10 experts on where the cost of living crisis came from, and where it’s heading

Rampant inflation, war in Ukraine, Brexit… we ask 10 experts to explain what the economic crisis means for Britain and how we should respond

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