The Latest Breaking News from Inflation

Inflation is so bad you may want to dine out for Thanksgiving

Despite rising turkey prices, most Americans still want to serve up the classic bird for Thanksgiving dinner. But some could save time, energy, and even a little money if they opt for take-out this year.

Fortune · Nov 7, 2022

Inflation expected to fall further this year

Thai inflation in November and December is expected to decelerate further, following a decrease in the prices of several essential consumer goods and stable prices of some items despite higher costs.

Bangkok Post · Nov 7, 2022

Inflation, Recession Fears Have Holiday Shoppers Trading Down

Many shoppers are trading down to less expensive clothing and accessories -- swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties -- as inflation eats into their disposable income and a rocky stock market erodes their wealth.

Bangkok Post · Nov 7, 2022

Sadiq Khan calls for return of mortgage payment holidays amid rising inflation

Mr Khan spoke out after the average rate for a two-year fixed-rate mortgage hit 6.53 per cent in October – the highest since August 2008

Evening Standard · Nov 7, 2022

The whole country will be watching Pa. on election night. Again

When Pennsylvania voters go to the polls Tuesday, the whole country will be watching.

The Philadelphia Inquirer · Nov 7, 2022

Energy boom behind major profits: Treasury

Treasury officials have been grilled about the drivers behind inflation and confirmed external supply side shocks as the chief cause.

AAP · Nov 7, 2022

Global inflation may be close to its peak, IMF director says

Kristalina Georgieva cautions that supply chain disruption could cause persistent pressure in living costs

The Guardian - UK · Nov 7, 2022

Rising interest rates: why the Bank of England has increased rates again and what to expect next

The Bank of England has increased UK interest rates by 0.75%, the biggest increase in 30 years. A year ago the interest rate was 0.1%, today it is 3%.

The Conversation · Nov 7, 2022

Election day: When are the midterm elections 2022?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

The Independent UK · Nov 7, 2022

Series I bond rates decline to still-high 6.89% ⁠— here’s how to buy them

If you’re looking for an investment with a high interest rate, inflation protection and the safety of government backing, then Series I bonds could be an attractive addition to your portfolio. The Treasury Department announced that I bonds will now pay 6.89% for a full six months on any bonds…

Tribune News Service · Nov 7, 2022