The Latest Breaking News from Inflation

Scots face mortgage spike as biggest interest rate rise since 1980s announced

The Bank warned the UK could be on course for the longest recession since reliable records began in the 1920s.

Daily Record · Nov 3, 2022

How high could interest rates go after hitting 3% today - and why they're rising

The Bank of England has today hiked interest rates to 3% - but will interest rates keep rising? Market analysts suggest they will - but predictions have been scaled back in recent days

Daily Mirror · Nov 3, 2022

Bank of England warns of longest recession since the 1930s

Interest rate rise to 3% is biggest since 1989 and fears UK economy may go into longer, deeper recession

The Guardian - UK · Nov 3, 2022

Sainsbury's boss warns shoppers are 'watching every penny' and admits 'life is tough'

Chief executive Simon Roberts said Sainsbury's is trying to keep prices down, as its pre-tax profits fell by 8% to £340million after being hit by higher costs and higher wages

Daily Mirror · Nov 3, 2022

Yearly Inflation in Türkiye Rises to New 24-year High of 85%

Annual inflation in Türkiye continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the previous month, the Turkish Statistical Institute…

Asharq Al-Awsat · Nov 3, 2022

Inflation puts tighter squeeze on already pricey kids sports

Sticker shock in youth sports is nothing new, but the onslaught of double-digit inflation across America this year has added a costly wrinkle on the path to the ballparks, swimming pools and dance studios across America

The Independent UK · Nov 3, 2022

Scotland struggling to recruit health workers because of Brexit, warns John Swinney

The Deputy First Minister has this week announced another round of spending cuts as he tries to balance the books at a time of soaring inflation and huge pressure on the NHS.

Daily Record · Nov 3, 2022

UK poised to enact biggest interest rate hike in 3 decades

The Bank of England is expected to announce its biggest interest rate increase in three decades as it seeks to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss

The Independent UK · Nov 3, 2022

BT warns of more job losses as rising bills force bigger cost-cutting drive

Telecom giant blames 18% fall in profits on need for extra savings after £200m energy bill increase and soaring inflation

The Guardian - UK · Nov 3, 2022

‘Just trying to cut costs’: Inflation squeezes Memphis business owners, farmers

Ahead of the November 8 midterms, FRANCE 24 takes you on a tour down the Mississippi River with a series of reports by Fanny Allard. The fourth of five episodes brings us to Memphis, Tennessee, where high inflation is forcing small business owners and farmers to reassess and alter their…

France 24 · Nov 3, 2022