The Latest Breaking News from Inflation

You'll need up to £10,000 more for a flat but a huge £50,000 more for a detached home

Official figures reveal true extent of pandemic savings

Increasing spare electricity capacity and the development of a transition plan to reduce emissions among decisions at ‘very collegiate’ energy ministers meeting

It’s the inflation you’re not supposed to see

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday hiked key repo rate by 50 basis points (bps) to 4.90 per cent in a bid to tame the soaring inflation in the country.

The larger teams have already said it’ll be a struggle keeping within the limits this season due to inflation and freight costs.

But economists say pulling money out of retirement savings to try to pick the market can result in further losses

Prime Minister Prayut Chan-o-cha called on the central bank to maintain its policy interest rate on Tuesday to curb a capital flight and support the domestic economy.

The US Treasury secretary says North America is facing unacceptable levels of inflation. Meanwhile, the ASX regains some ground lost in yesterday's super-sized interest-rate-rise-fuelled rout, but the banks see their worst day in a year. Australian dollar rises on the RBA's super-sized interest rate increase.

Treasury Secretary Janet Yellen told US lawmakers peppering her Tuesday with questions about the surge in the cost of living that inflation is likely to stay high and that she ought not to have termed big price increases as “transitory” last year.

With the highest inflation rate in the nation, West Australia is expected to be hit especially hard by the interest rate hike, leaving many questioning how they're going to manage.