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The Latest Breaking News from Inflation

Expectations Vary on Egypt Cen Bank Raising or Fixing Policy Rates at Upcoming Meeting

Opinions and expectations varied regarding the decision by the Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) to raise or fix the country’s policy rates in its upcoming meeting on Thursday. The research department at HC Securities and Investment expected the MPC to hike policy rates by 200 bps…

Asharq Al-Awsat

Annual Saudi Inflation Rate Rises 2.7% in July

The General Authority for Statistics (GASTAT) released on Monday the results of the Saudi Consumer Price Index and Wholesale Price Index for July 2022. On its official website, GASTAT said that the consumer price index rose 2.7% in July from a year earlier, increasing from 2.3% in June. The main…

Asharq Al-Awsat

Next rail fare hike will be below inflation rate, government promises

July’s Retail Price Index (RPI), which forms the basis for the next train fares increase, will be published on Wednesday

The Independent UK

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Keir Starmer 'will not apologise' for holiday and rules out nationalising energy firms

KEIR Starmer has defended jetting off on holiday during the cost-of-living crisis as he set out his stall for dealing with soaring fuel bills,…

The National (Scotland)

Almost half a million Irish people could be in for double benefit payment soon

The payment is being discussed as part of a range of cost-of-living measures to tackle rising inflation

Irish Mirror

Starmer pledges to freeze fuel bills by extending windfall tax

The Opposition leader contrasted Labour’s ‘robust’ plan with the ‘internal battle’ of the Tory leadership race and ‘lame duck’ Prime Minister.

The Independent UK

Starmer says government ‘just not good enough’ on cost of living crisis as he defends plan to freeze energy bills – as it happened

Labour leader says policy for a windfall tax on energy is needed to reduce inflation

The Guardian - UK

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Asian Shares Mixed after China Cuts Key Rate, Japan GDP Up

Shares were mixed in Asia on Monday after China's central bank cut a key interest rate and Japan reported its economy picked up momentum in the last quarter. Tokyo and Sydney advanced while Hong Kong, Shanghai and Bangkok fell. US futures edged lower early Monday, while oil prices declined. The…

Asharq Al-Awsat

Rail fares rise in England will be below inflation rate

The Department for Transport said next year’s rise in fares will be delayed until March and will be lower than July’s retail price index.

The Independent UK

Starmer says his radical plan to freeze energy bills is needed to cut inflation

Labour leader contrasts his party’s proposal to help households with the inaction of ‘lame duck’ government

The Guardian - UK

Commentary: Sunshine in the heartland

On Aug. 2, staid, conservative Kansas gave the United States one of the biggest jolts in an election season in which Democratic disaster and Republican ascension had been such an accepted fact that left-wing media’s denial of inevitability sounded more like prayer. President Joe Biden’s approval rating was lower than…

Tribune News Service

Rail fares: passengers in England will not face double-digit rise

Government will ensure 2023 increase is below rate of inflation and will be delayed until March

The Guardian - UK

Iranian Hardliners Demand Vice President’s Dismissal

Iran’s ultraconservatives are seeking to bring down Vice President Mohammad Mokhber, given their constant feeling of vulnerability and threat due to the government's economic failures. The economic failure of President Ebrahim Raisi’s government has become clear to most Iranians, including the ultraconservatives or hardliners who fully backed him a year…

Asharq Al-Awsat

Labour vows to freeze energy price cap and extend windfall tax

The Labour leader promises a £29 billion support package to deal with a ‘national economic emergency’.

Evening Standard

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Bangkok Post

GDP notches fastest growth in a year on eased pandemic curbs

Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.

The Independent UK

Asian shares mixed after China cuts key rate, Japan GDP up

Shares are mixed in Asia after China cut a key interest rate and Japan reported its economy expanded at a faster pace in the last quarter

The National (Scotland)

George Kerevan: Scotland's economy is a diverse one, despite what Unionists say

THE price of an ounce of gold is up on the year by around £200. When you have rampant inflation, investors seek to park their cash somewhere that…

Wales Online

Labour unveil their cost of living plans and vow to extend windfall tax

Keir Starmer estimates that under the 'fully-funded' proposals, the average household would not pay a 'penny more' for their energy bills over the coming months

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The Independent UK

Rail fare increase in England will be below inflation rate, Government says

The Government will not use July’s retail price index to calculate how much to raise rail fares in 2023.

ABC News

Australia is in the middle of a cost-of-living crisis but we're not the only ones. Here’s what inflation looks like around the world

Australia's inflation rate is the highest it's been in 21 years and we're not the only country feeling the sting of rising costs.

Bangkok Post

Making more than ends meet

A move to expedite the enforcement of the new daily minimum wage as early as October has added to the debate over what the most acceptable wage rise should be.

ABC News

ASX higher, JB Hi-Fi hikes dividend, Carsales profit jumps while Nearmap surges 25pc

Australian shares rise, tracking a strong finish on the Wall Street last week on signs that US inflation might have peaked, while upbeat earnings by blue-chip companies buoyed the domestic index.

Birmingham Post

Northern Ireland PMI: Inflationary pressures hit private sector business activity hard

"As far as the economy is concerned, storm clouds continue to gather"

The Independent UK

A-level results day: Pupils told to prepare for ‘disappointment’ amid ‘grade inflation’ crackdown

It’s ‘only fair’ to manage pupils’ expectations to avoid unpleasant ‘shocks’, watchdog says

Bangkok Post

Tragedy, farce in Mountain B saga

By now, many of us may have lost interest in the deadly fire at the Mountain B pub in Sattahip district of Chon Buri province because they are occupied with other more pressing issues such as inflation.

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