The Latest Breaking News from Inflation

DWP: 10 benefits could face 'permanent cut' - including Universal Credit and ESA

The Government has not committed to raising benefits in line with inflation

Nottingham Post · Oct 24, 2022

As inflation soars, it’s time to make your money work harder

After a decade in the doldrums, savings rates are finally on the up. But where best to put your cash and can it really come close to inflation?

The Guardian - UK · Oct 24, 2022

Migrants feel inflation's squeeze twice — at home and abroad

In nearly every corner of the globe, people are spending more on food and fuel, rent and transportation

The Independent UK · Oct 24, 2022

Pelosi says she has no regrets on COVID aid that GOP links to inflation

WASHINGTON — House Speaker Nancy Pelosi said she doesn’t regret pandemic aid passed by Democrats to boost the U.S. economy and advised her party’s midterm candidates to focus on the Biden administration’s efforts to curb inflation.

Tribune News Service · Oct 23, 2022

Petrol price spike looms for motorists

Some retailers are already charging more than $2 a litre as cities move into the first new fuel cycle since petrol tax relief expired.

AAP · Oct 23, 2022

Thousands protest against PM Orban's government, "runaway inflation"

Thousands of Hungarians including teachers and students marched through Budapest on Sunday to protest against the government, demanding higher wages for teachers and a curb on surging inflation that is eroding incomes.

Reuters · Oct 23, 2022

Labor’s ‘rorts and waste’ audit to deliver $10bn in savings to federal budget

Government will also shuffle funds and axe Coalition projects to free up $11bn for their own policy priorities

The Guardian - AU · Oct 23, 2022

Penny Mordaunt refuses to reveal basic things she'll do as PM in cringey TV interview

The third-placed candidate for Prime Minister - who seems unlikely to get 100 nominations by the 2pm Monday deadline - couldn't even say if she'd still raise benefits with inflation

Daily Mirror · Oct 23, 2022

Economy moves to front for Democrats trying to hold on in key midterm races

From hardscrabble mining communities to affluent New Jersey suburbs, GOP attacks on the economy are forcing Democratic House candidates in must-win Northeast districts to confront an issue that has bedeviled them.

Tribune News Service · Oct 23, 2022

Australia's growth downgraded and inflation drives massive rise in cost of pensions and payments in budget

Tuesday’s budget will point to a slowing Australian economy, with growth forecasts cut, and contain more than $21 billion of savings and decisions to redirect spending.

The Conversation · Oct 23, 2022