The Latest Breaking News from Inflation

One in five families in Liz Truss’s seat would lose out under real-term benefit cuts

Research from the Joseph Rowntree Foundation shows impact of increasing benefits in line with earnings, not inflation

The Guardian - UK · Oct 11, 2022

One in five of all families face having their benefits cut in 200 Tory seats

New research shows the scale of the disaster hitting not just Brits on benefits, but the MPs they could turf out of office if Liz Truss goes ahead with plans to cut benefits

Daily Mirror · Oct 11, 2022

Hidden Reason for Bloodier Bear Market

We all know why stocks are falling at this time. That being a toxic combination of high inflation + hawkish Fed = future recession. So with the S&P 500 (SPY) already down 25% some investors are already talking about buying this as a bottom. RUBBISH! Before you make that fatal…

StockNews.com · Oct 11, 2022

Brazil's Guedes says IMF overlooked inflation surge, praises Brazil for 'acting early'

Brazilian Economy Minister Paulo Guedes criticized the International Monetary Fund for failing to spot surging inflation, saying it led to "misguided" advice, in contrast to early action in Brazil that he said has put the country ahead of the curve in controlling rising prices.

Reuters · Oct 11, 2022

Hot Inflation Numbers Could Crater Stocks 5% — And Larry Summers Says Prices Aren't Dropping Any Time Soon

The Consumer Price Index (CPI) data for September will be reported on Oct. 13 by the U.S. The Bureau of Labor Statistics. Analysts at JPMorgan Chase & Co and former U.S. Secretary of the Treasury Larry Summers weighed in on what is happening and what could happen.

Benzinga · Oct 11, 2022

IMF cuts 2023 global outlook over colliding global shocks

The three largest economies will ‘continue to stall’ and ‘the worst is yet to come’, it warned.

Al Jazeera · Oct 11, 2022

Australia predicted to avoid worst of downturn as IMF warns of global recession

Revenue boost will aid budget repair as ‘storm clouds’ loom over economy, Deloitte predicts

The Guardian - AU · Oct 11, 2022

As Home Rental Prices Continue To Jump More Americans Are Behind On Their Rent

With the national home sales inventory disappearing and rising inflation and mortgage interest rates, the rental housing market is busting at the seams attempting to meet demand. And in some states, 25% of the people lucky enough to find available rental property are now behind on their monthly payments.

Benzinga · Oct 11, 2022

IMF cuts India’s FY 2022-23 growth forecast to 6.8%

The Fund cites Ukraine war, record-high inflation and effects of pandemic as key reasons; it expects inflation in the country to return to the tolerance band in the fiscal year 2023-24

The Hindu · Oct 11, 2022

DWP Universal Credit claimants in Scotland could be '£290 worse off' next year

Households in Scotland claiming Universal Credit could be almost £300 worse off in real terms next year if the UK Government does not commit to increasing the benefit in line with inflation

Edinburgh Live · Oct 11, 2022