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The Latest Breaking News from Inflation

Inflation hits fresh 40-year high of 10.1% as cost of living crisis deepens

Inflation accelerated in July to 10.1 per cent, the fastest rate since February 1982, official figures have revealed.

Evening Standard

Inflation is causing real pain. But raising interest rates will make it worse

Rate hikes could induce a recession and hurt ordinary people. We need price stabilisation measures instead

The Guardian - US

Supermarket food rising in price as inflation hits high - including vegetables, jam and eggs

The prices of bread, milk and cheese have all contributed to the worst rise in inflation since the 1980s

Daily Record

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UK inflation: which goods and services have risen in price and by how much?

From low-fat milk to ice-cream and clothing to recreation, how costs have soared

The Guardian - UK

What does inflation mean for you?

Cost of living crisis continues to bite as energy bills, fuel and food prices climb

The Independent UK

What life was like in 1982 - the last time inflation was this high

Wales Online

Asda boss makes dire prediction for UK economy

Lord Rose calls for Government action over cost of living crisis amid recession and inflation fears

Wales Online

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State pension will rise by around 10% under Liz Truss amid fears of 'unprecedented deaths'

The Foreign Secretary had faced calls to restore the triple lock - which raises pensions by 2.5%, earnings or September's inflation figure, whichever is highest - if she wins the race for Number 10

Daily Mirror

Find out how much rail season tickets could cost next year

Commuters face a price hike despite government pledging to keep rises below inflation

Wales Online

Retail sales flatline as inflation soars, warns trade group

SCOTTISH retail sales flatlined in July as a slight rise in their value was cancelled out by the impact of record rising inflation, figures show.

The National (Scotland)

Warning as Brits start turning off fridges to save money in cost of living crisis

UKHA boss says it could create a health risk

Wales Online

Easy step could save you up to €800 a year on your electricity and gas bill in Ireland

Due to rising inflation, over 35 price hikes were announced by energy suppliers in Ireland in 2021

Irish Mirror

Economy seen growing 3.6% this year - Bank of Thailand

The Thai economy is expected to grow 3.6% this year and 4.0% next year, helped by a recovery in tourism despite inflationary pressures, a member of the Bank of Thailand's (BoT) Monetary Policy Committee said on Wednesday.

Bangkok Post

Rail fare hike fears as inflation figure used to calculate them hits 40 YEAR high

Figures released this morning show the Retail Price Index (RPI) has risen to 12.3% in July - up from 11.8% the previous month and the highest since January 1982

Daily Mirror

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Tribune News Service

Alexis Leondis: Why are only some tax breaks adjusted for inflation?

In the late 1970s and early 1980s, one of the ways inflation reared its ugly head was through what’s known as bracket creep. Since the income cutoffs for different tax rates weren’t periodically adjusted for inflation, millions of Americans paid higher rates while their real incomes stayed the same.

Wales Online

Iceland boss issues serious warning to customers after latest inflation news

More bad news in the cost of living crisis

The Independent UK

Soaring food and energy costs drive UK inflation to 10.1%

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices

The Independent UK

Asian shares rise on optimism about US, China economies

Asian shares are mostly higher as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth

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The Guardian - UK

After UK inflation again outpaces forecasts, a 13% peak looks optimistic

Analysis: Rate has driven through 10% mark sooner than Bank of England and financial markets expected

Evening Standard

Higher house prices help Persimmon offset impact of wider inflation as profit falls

Average private selling price nears £246,000, up by £9,400

Daily Mirror

Everyday food items rising in price as inflation hits 10.1% - what it means for you

Consumer Prices Index (CPI) inflation is now at 10.1%, up from 9.4% in June, and is now at its highest level since February 1982 - but what does this mean for your money and what items are rising fastest?

Wales Online

Inflation figure used to set rise in train fares hits 12.3%

July’s RPI figure is traditionally used by the UK, Scottish and Welsh Governments to set the cap on the following year’s increase in regulated train fares, which include most season tickets on commuter routes

Evening Standard

FTSE 100 Live: Double-digit UK inflation rate, factory gate prices jump 17.1%

UK inflation today hit a bigger-than-expected 10.1%, the highest annual rate in over 40 years.

The National (Scotland)

Inflation hits highest level in over 40 years as cost of living continues to soar

THE COST of living has soared once again, putting further strain on families under pressure across the UK.

The Independent UK

Inflation - live: Boris Johnson accused of being on ‘shore leave’ as UK faces recession

Inflation rate of 10.1 per cent puts further strain on households across UK

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