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The Latest Breaking News from Inflation

Labour Minister Suchart Chomklin is right to vow an increase in the daily minimum wage from Oct 1, instead of next year.

Bangkok Post

Labour announces plan to freeze energy price cap with reinforced windfall tax

Keir Starmer says people won’t pay ‘a penny more’ and that plan would reduce inflation

The Guardian - UK

‘It’s important not to over-react’: Australia’s top economists on how to fix high inflation

Australia’s top economists are divided about how to tackle ballooning inflation that’s forecast to climb to a three-decade high by the end of the year.

The New Daily

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Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

The New Daily

Cooking oil price surges hurt Australian takeaway outlets including fish and chips

Covid-induced inflation, drought in Canada and global instability are putting the squeeze on key ingredients of a national staple

The Guardian - AU

'China threat' emerges in elections from UK to Australia

While inflation and recession fears weigh heavily on the minds of voters, another issue is popping up in political campaigns from the U_K_ and Australia to the U_S_ and beyond: the “China threat.”

The Independent UK

Like Thatcher, Truss wants radical change – but could she avoid a crisis?

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

The Guardian - UK

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US inflation isn’t going away. Small businesses must plan ahead

We’re still struggling with rising costs and the situation isn’t going to change any time in the near future

The Guardian - US

Liz Truss’s economic plan is ruinous nonsense with no reference to reality

Nothing in her pledges will foster the growth that this country so urgently needs

The Guardian - UK

'It's important not to overreact': Australia's top economists on how to fix high inflation

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.

The Conversation

With primaries over, Minnesota’s elections take shape

ST. PAUL, Minn. — Crime. Abortion. Inflation. Trust. Distrust.

Pioneer Press

We partied for June’s jubilee, but a winter recession won’t be an easy ride

Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

The Guardian - UK

Want to buy an EV? Here’s what you need to know about the Inflation Reduction Act

Opinion: At first glance, the revised EV tax credits seem like a smart move. Rapid and widespread adoption of electric vehicles will be essential for the United States to meet its climate goals.

Inverse

Rising inflation dents Father's Day spend

Australians are spending less on Father's Day gifts this year as cost of living pressures mount, a peak retail body says.

AAP

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The Guardian - UK

Bank of England under fire over £23m bonus payouts

Anger as thousands of Bank staff enjoy ‘performance awards’ when governor had urged other British workers not to demand big rises

Bangkok Post

UK hit by latest rail strikes

Football fans and holidaymakers faced travel woe Saturday as train drivers walked out across the United Kingdom, the latest in a series of industrial strikes amid spiralling inflation.

The New Daily

The Stats Guy: Why the cost of everything is rising and what we can do to ease the pain

I understand the tendency to hope rising the rising cost of living will come to an end before long. I fear this day is not coming anytime soon.

Salon

House passes Inflation Reduction Act

"We've got more to do," Rep. Pramila Jayapal said on the House floor. "But today, let's celebrate this."

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Tribune News Service

Editorial: Spending bill's EV subsidies won't work

The ill-named Inflation Reduction Act is being touted by Democrats and others as, among other things, the fast track to a zero-emissions future.

Reason

Congress Just Passed the Inflation Reduction Act. It Will Hike Taxes on Some Middle-class Households.

It also spends billions on new green energy programs, and it lets the IRS hire 87,000 new agents.

Bangkok Post

Limited upside with plenty of risks

The SET moved mostly sideways in July, opening at 1,568.33 points and closing at 1,576.41, representing just a 0.5% month-on-month rise. That said, there was a period during the month when the index took quite a swing, reaching a low of 1,517.51 in mid-July before rebounding to its peak of…

Los Angeles Times

House Democrats pass sweeping health care, tax and climate bill

WASHINGTON — House Democrats on Friday passed a sweeping health care, tax and climate change bill. Now they have to sell it.

Daily Mirror

Brit blogger faces deportation from Sri Lanka for posting photos of revolution online

Kayleigh Fraser, from St Andrews, has been blogging about the "aragalaya", or struggle, that broke out in March over spiralling inflation

StockNews.com

The 5 Best Value Stocks to Buy in August 2022

Though the inflation report on Wednesday geared investors’ spirits, inflation is hovering near a 40-year high. And with the Fed expected to continue with its aggressive rate hikes, it could be wise to invest in the value stocks Albertsons Companies (ACI), AutoNation (AN), Core Molding Technologies (CMT), Genie Energy (GNE),…

The Independent UK

Inflation Reduction Act may have little impact on inflation

With inflation raging near its highest level in four decades, Congress is poised to approve President Joe Biden’s signature Inflation Reduction Act

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