The Latest Breaking News from Inflation

Social Security benefits see highest jump in 40 years. Here’s what to expect

Social Security beneficiaries are set to get the largest boost to their benefits in four decades.

Tribune News Service · Oct 13, 2022

Inflation continues to ratchet up pressure on North East businesses

Results of the latest North East England Chamber of Commerce quarterly survey show utilities, labour and fuel costs are among the main concerns

Birmingham Post · Oct 13, 2022

IKEA calls 2022 an 'exceptional year' despite challenges

Swedish home furnishings giant IKEA says that despite “unprecedented challenges” caused by the war in Ukraine, supply chain disruptions, increased inflation and lingering fallout from the COVID-19 pandemic, 2022 had been an “exceptional year.”

The Independent UK · Oct 13, 2022

September Inflation Runs Hot At 8.2%, Sending Stocks Spiraling Lower: What You Need To Know

The SPDR S&P 500 (NYSE: SPY) turned negative premarket Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, a potential sign that

Benzinga · Oct 13, 2022

Turning to garbage dumps to survive, Argentines feel the pain of 100% inflation

Argentines facing an inflation rate set to top 100% this year are grappling to survive, turning to recycling from garbage dumps or lining up to trade their belongings in barter clubs.

Reuters · Oct 13, 2022

Portugal's charities struggle to cope with homelessness surge

Six months ago, Jose Moreno found himself without a roof over his head. Now wandering the streets of Lisbon, the 48-year-old said soaring food prices were making his life even tougher.

Reuters · Oct 13, 2022

Saudi Inflation Rises to 3.1% In Sept

Saudi Arabia's inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the General Authority for Statistics said on Thursday. Compared to the previous month, the Consumer Price Index (CPI) for September was marginally higher, up 0.3%, it added. Food and…

Asharq Al-Awsat · Oct 13, 2022

US Stocks Show Cautious Optimism As S&P 500, Dow Futures Surge Ahead Of Key CPI Data — Trump's SPAC Partner, Applied Materials And Chip Stocks In Focus Today

The U.S. index futures are pointing to a higher opening on Wall Street, reflecting traders’ hopes that the consumer price inflation data may prove benign.

Benzinga · Oct 13, 2022

Social Security benefits to see biggest boost in four decades - Roll Call

Tens of millions of retirees and disabled workers will see benefits rise by 8.7 percent in 2023, the Social Security Administration reported.

Roll Call · Oct 13, 2022

What the 1970s Can Teach Us About Today's Inflationary Politics

Inflation is a problem for politicians. Unfortunately for them, it's not a problem they know how to solve.

Reason · Oct 13, 2022