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The Latest Breaking News from Inflation

300,000 NHS nurses to vote to strike for the first time as pay shrinks

New research has shown the average weekly pay for NHS nurses was reduced by six percent in real terms in the last decade

Liverpool Echo

OPEC's October surprise: Gift to GOP

Who benefits from higher oil prices and a new spike in inflation? Mitch McConnell and Kevin McCarthy, for starters

Salon

With rents rising fast, Texas homeless shelters see more families seeking help

Amid rising housing costs and relentless inflation, an increasing number of Texans are struggling to pay their rent and stay in their homes.

The Texas Tribune

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NPR poll shows Biden's approval rating is up but there are warning signs for Democrats

The president's approval rating is up to 44%, but 7-in-10 people say the country is going in the wrong direction, and young and Black voters are among the least likely to vote this fall.

WEKU

Families face grocery bill increase of '£100 a week' by 2030, warns financial experts

Inflation rates are being driven up by the rising cost of energy, supply-chain issued, and labour shortages

Manchester Evening News

Macron's European Political Community holds inaugural meeting amid Ukraine war

The leaders of 44 European countries stretching from Iceland all the way to Turkey met Thursday in what many said was a united stand against Russia's war on Ukraine, as an energy crisis and high inflation fueled by the conflict wreak havoc on their economies.

France 24

Services sector growth hit 6-month low in September

Price pressures, stiff competition and unfavourable public policies have hurt growth, the S&P Global India Services PMI indicated

The Hindu

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Asian stocks mixed on strong US hiring, OPEC oil output cuts

Asian stocks are mixed after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC oil production cartel agreed to shore up prices by cutting output

The Independent UK

Here's Why Biden Is Wrong About the Deficit

His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.

Reason

Residential market to see healthy Q4

The economic rebound, a revival of purchasing power and unchanged housing prices will drive residential market growth in the fourth quarter amid inflation and rising interest rates, according to property developers.

Bangkok Post

Shopper footfall slows for third month running as households face cost of living crisis

Retail analyst warns that inflation, rising interest rates and hybrid working is impacting on people's shopping habits

Wales Online

Recovery in shopper numbers slows as inflation bites

Shoppers likely to spend even more cautiously in October in face of inflation and rise in interest rates

The Independent UK

NHS nurses vote whether to go on strike for first time as pay shrinks

Hundreds of thousands of NHS nurses will vote today on whether to go on strike as a decade of Tory rule has seen their pay fall by twice as much as their private counterparts

Daily Mirror

Milder energy prices moderate inflation

Inflation in Thailand is showing clear signs of deceleration after the rate of price increases declined by more than one percentage point last month.

Bangkok Post

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Wales Online

Families face '£100 a week' rise in grocery shopping by 2030, says new report

Food-price inflation rose to its highest recorded rate in September and researchers say the annual bill could top £9,000 a year in just eight years

Kiplinger

The 4% Rule for Retirement Withdrawals Gets an Upgrade

The go-to rule for retirement spending was created over 30 years ago. Things have changed since then. Here's how you can modernize the rule to fit your needs.

The Independent UK

Tesco to axe 300 jobs but remaining staff will get pay rise

Cuts come as supermarket chain’s profits take hit amid cost of living crisis and rising inflation

StockNews.com

The 2 Best Stocks for a Starter Stock Portfolio

The Fed’s hawkish monetary policy stance to tame the hot inflation is increasing recession fears. However, many analysts believe a soft landing is possible. Given the uncertain market conditions, fundamentally sound stocks Coca-Cola (KO) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) might be best for a starter stock portfolio. Read…

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Daily Mirror

Cheapest holidays compared to pre-pandemic - including Spain and Turkey

All inclusive breaks in Dalaman in Turkey, Majorca in Spain and Halkidiki in Greece for next year are in many cases cheaper than they were in 2019, despite global inflation

Daily Mirror

Universal Credit claimants with families could lose £1,000 if Government waters down benefit

People on Universal Credit could get far less than expected next year if the Government changes the way that normal increases are worked out - and several top Tories hint that might happen

Wales Online

Gordon Brown predicts 'national uprising' as benefits row intensifies

Failing to raise benefits in line with inflation would be 'a scar on the soul of our country', the former PM said

Glasgow Live

More money for West Dunbartonshire childcare practitioners as 1140 provision expands

Hourly rates of pare for providers will be increased to relflect the rise in inflation.

The Independent UK

Liz Truss: After a torrid Tory conference, what next for the Prime Minister?

Here is what lies ahead for the under-fire Prime Minister over the next few weeks.

Reason

New Biden Weapons Package for Ukraine 'Increases the Danger of a Direct Military Clash,' Says Russian Ambassador

Plus: Musk's Twitter purchase may be back on, global deflation may be looming, and more...

The Guardian - UK

Cutting emissions will hit growth, but costs of inaction much higher, says IMF

IMF says taking swift action to achieve 25% cut in greenhouse gases by end of decade will cost less than failing to act

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