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The Latest Breaking News from Inflation

Congress can do more to reduce prescription drug costs

The Inflation Reduction Act is a huge step in the right direction. Two proposed laws would do more to help millions of Americans afford the prescriptions they need.

Chicago Sun-Times

Vegetable costs up 500%, threaten to fuel Pakistan inflation

Skyrocketing prices of tomatoes, potatoes and onions are putting food out of reach in flood-ravaged Pakistan and raising the specter of inflation hitting 30%, which may spur more monetary tightening.

The Times of India

Food, computers and other goods could be in short supply this Christmas

There could be more delays in the shipment of certain goods, particularly those made in Asian countries

Wales Online

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Infographic: UK inflation under each prime minister

Liz Truss will assume the role of UK prime minister in a tough economic environment, with inflation at a 40-year high.

Al Jazeera

Market Wrap: Banks around the world set to raise rates as inflation soars

All eyes will be on central banks this week as markets braces for the fallout of hefty rate-rise announcements around the globe - including Australia.

The New Daily

What are Liz Truss’s major policies as UK’s prime minister?

New leader of the Conservative Party Liz Truss has ruled out new taxes and energy rationing amid soaring inflation.

Al Jazeera

Liz Truss: these two daunting challenges sit right at the top of the new prime minister's in-tray

Liz Truss is set to be confirmed as the new British prime minister after a lengthy and intense leadership contest against former chancellor Rishi Sunak. But the UK faces significant economic problems this autumn that might leave the new PM wishing she hadn’t fought so hard for the job.

The Conversation

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Appeal for emergency summit to tackle "potentially disastrous" cost-of-living crisis

The alarm has been sounded as soaring energy prices and rising inflation inflict severe financial pressure on residents.

Daily Record

Martin Lewis issues inflation warning following Liz Truss comments

The Money Saving Expert warned that inflation changes may not bring down rising costs

Manchester Evening News

Türkiye’s Annual Inflation Passes 80% After Interest Rate Cut

Türkiye’s annual inflation passed 80% in August, according to official data on Monday, further hitting consumers facing high energy, food and housing costs. The Turkish Statistical Institute said consumer prices rose by 80.21% from a year earlier, up 0.6 percentage points from the previous month. Independent experts say inflation is…

Asharq Al-Awsat

New State Pension petition calling for £380 weekly payment for everyone over 60 due official response

The petition is also asking for the official age of retirement to go back to 60.

Daily Record

Good Morning Britain's Martin Lewis issues inflation warning after Liz Truss comments

The foreign secretary is expected to be announced as the new Prime Minister later today

Liverpool Echo

Planning a renovation or new build? Here's the outlook for skyrocketing steel and timber prices

It’s a tough time to build or renovate a house in Australia. Prices are up, well above inflation. Finding materials and getting them on time is a challenge. Builders are grappling with too much work and stress (with some folding as costs rise too fast). Customers are being confronted with…

The Conversation

JobSeeker Payments Will Increase A Tiny Bit Bc Of Inflation But The Govt Won’t Raise The Rate

JobSeeker and pension recipients will receive the biggest indexation increase in 30 years but it won't change anything for vulnerable Aussies.

Pedestrian.tv

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Bangkok Post

Searching for inflation-busters

What are good investments in a period of high inflation?

Al Jazeera

India’s Gandhi slams PM Modi over price rise, Hindu-Muslim divide

Congress leader Rahul Gandhi blames PM Modi for soaring unemployment and inflation as he rallies supporters in Delhi.

The Independent UK

Liz Truss warns she will make unpopular decisions as prime minister and defends tax cuts for wealthy

On cost of living crisis the likely new prime minister says ‘Britain has been through worse’

The Independent UK

German leaders announce new energy, inflation relief plan

Germany will invest an additional 65 billion euros in a new round of measures aimed at easing the sting of inflation and high energy prices for consumers

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The Independent UK

Tax cuts that could give high earners nearly £2,000 are ‘fair’, Truss says

Former Tory chancellor warns they will add to inflation

Dynamite News

Hatred, anger rising in India: Rahul Gandhi attacks Centre, says "people afraid of future, unemployment"

Congress leader Rahul Gandhi on Sunday came down heavily on the Narendra Modi-led Central government and said that the Bharatiya Janata Party (BJP) and Rashtriya Swayamsevak Sangh (RSS) are dividing the country and a sense of fear has engulfed the minds of people about " their future, inflation and unemployment…

Dynamite News

Congress workers dropped at designated protest sites, no one detained: Delhi Police

Dismissing reports of detention of Congress workers, Delhi police on Sunday said that the party workers were dropped at the designated protest sites and no one was detained. Read more on Dynamite News:

Reuters

UK's Truss a 'great believer' in Bank of England independence

Foreign minister Liz Truss is a "great believer" in the independence of the Bank of England and its responsibility to determine policy on inflation, she said on Sunday.

The Independent UK

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Hindu

‘Modi government has 2 brothers — unemployment and inflation’, says Congress

Jairam Ramesh hits out at Centre ahead of Congress’ 'Mehngai par halla bol' rally

The Guardian - AU

Former Reserve Bank economist suggests Greens push for interest rate freeze is nonsensical

Greens senator Nick McKim says homeowners took on massive debt believing rates wouldn’t rise before 2024 and are now getting ‘smashed’

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