The Latest Breaking News from Inflation

EXPLAINER: A huge jump in Social Security payments is coming

Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes

The Independent UK · Oct 12, 2022

Oil Falls as Strong Dollar and Recession Fears Weigh

Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target. Brent crude futures were down $1.42, or 1.5 %, at $92.87 a barrel by 1315 GMT. US West Texas Intermediate crude was down…

Asharq Al-Awsat · Oct 12, 2022

'Desperation': Child care struggle worsens in rural U.S.

Across the United States, from Oregon to New York, demand for child care far exceeds supply

The Independent UK · Oct 12, 2022

US producer price inflation eases to still-high 8.5%

Inflation at the wholesale level rose 8.5% in September from a year earlier, its third straight decline though it is still at a painfully high level

The Independent UK · Oct 12, 2022

4 Cathie Wood Stocks to Sell Now

Cathie Wood’s ETFs performed miserably this year amid a market rout caused by soaring inflation, the Fed’s aggressive rate hikes, and rising odds of a recession. More trouble awaits her hedge fund, concentrated in tech, as September job gains almost affirm another aggressive rate hike in the Fed’s next meeting.…

StockNews.com · Oct 12, 2022

Retail inflation jumps to 5-month high of 7.41% in September

NEW DELHI: Retail inflation based on consumer price index (CPI) surged to 5-month high of 7.41% in September, data released by the government showed on Wednesday.

The Times of India · Oct 12, 2022

Newcastle City Council blames multi-million pound overspend on inflation and staff wage increases

The projected overspend for the first part of the financial year was more than £6 million

Chronicle Live · Oct 12, 2022

Nasdaq, S&P Futures Surge Ahead of FOMC Minutes, September Inflation Prints — PepsiCo, Tech And Chinese Stocks In Focus

The major U.S. index futures are pointing to a higher opening on Wednesday after the mixed close in the previous session. Bargain hunting following six straight sessions of declines by the broader market could help offset some of the nervousness of traders ahead of two inflation reports.

Benzinga · Oct 12, 2022

State Pension Triple Lock rule to be implemented in ‘usual way’ until end of current Parliamentary term

Since 2010, the full annual amount of the basic State Pension has risen by over £2,300.

Daily Record · Oct 12, 2022

‘It’s humiliating’: US voters struggle with hunger ahead of midterms

Economy in focus: Despite rising inflation and soaring grocery prices, food insecurity is a topic few politicians are addressing

The Guardian - US · Oct 12, 2022