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The Latest Breaking News from Inflation

Are real wages falling? Here's the evidence

You would be forgiven for being unsure about whether the buying power of wages was rising or falling. On one hand, Opposition Leader Anthony Albanese says wages are going backwards.

The Conversation

WPI inflation at 9-year high of 15.1%, 13th month of double-digit rise

NEW DELHI: Wholesale price index (WPI) based inflation jumped to a new high of 15.1% in April on the back of soaring commodity, food and fuel prices, posing a major challenge for authorities already battling surging prices fuelled by the Ukraine war and breakdown in global supply chains due to…

The Times of India

Powell: Fed to keep hiking rates until it controls inflation

Chair Jerome Powell underscored the Federal Reserve’s determination to keep raising interest rates until it has brought inflation under control — a high-stakes effort that carries the risk of causing an eventual recession

The Independent UK

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Schools may be forced to reduce lunch portion sizes for lunches due to rising food prices

A food wholesaler has warned that smaller, cheaper meals may be inevitable for the country's schools

Liverpool Echo

Bigger bills for biryani fans, low profit for eateries

Skyrocketing input costs push up the price of iconic Hyderabadi dish

The Hindu

Food portions shrink as inflation bites

Higher prices, at times with smaller portions, greet consumers as food businesses struggle with high operational costs

The Hindu

Looking to Bottom Fish? 5 Stocks Down 32% - 42% to Buy Now

Concerns over geopolitical tensions, sky-high inflation, and a potential recession due to the Fed’s hawkish stance have driven the stock market to a significant sell-off of late. However, the recent market correction could be a good opportunity for investors to scoop up the stocks of fundamentally sound companies NICE (NICE),…

StockNews.com

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Rates, inflation to take edge off growth

New data suggests the sharp rise in inflation and an expected rapid rise in interest rates will take the edge off Australia's economic expansion.

AAP

Parents warned school meal sizes may get smaller due to cost of living crisis

Schools might be forced to shrink children's portion sizes or use cheaper ingredients

Manchester Evening News

M&S boss warns shoppers over 'apocalyptic' rising cost of food

The Governor of the Bank of England, Andrew Bailey, described soaring living costs as "apocalyptic"

Chronicle Live

How Australia's election battle will affect NZ

Prime ministerial candidates borrow from NZ policy – but major trans-Tasman change is unlikely.

Newsroom.co.nz

Walmart gets hammered by worst drop since 1987 on forecast cut

Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel.

Tribune News Service

Universal Credit claims up 13 per cent with another 200,000 people on benefits

It comes as inflation across the UK heads towards 10 per cent and unemployment stands at 3.7%

Wales Online

Apocalyptic food prices: Why cost of food is soaring and how to deal with it at home

The Bank of England chief has issued a stark warning about incoming food shortages due to global events, which is resulting in the danger of 'apocalyptic' prices

Daily Mirror

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Evening Standard

Wait for deals continues at Vodafone as CEO Nick Read warns of inflation impact

Vodafone left the City disappointed today as it kept investors waiting for deals and warned of an inflation-driven slowdown.

Manchester Evening News

M&S and ex-ASDA boss issues bleak warning to every shopper in Britain

Archie Norman has issued a bleak message to anyone who uses supermarkets in Britain

The National (Scotland)

Food prices could increase by 10 per cent this year, warns M&S chief

FOOD prices could soar by as much as 10 this year, the chairman of Marks & Spencer (M&S) has warned.

Evening Standard

Hiring crisis hits firms with more vacancies than jobseekers for the first time

London employers warn that recruitment has never been harder

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Al Jazeera

Zimbabwe unfreezes bank lending only days after policy change

Zimbabwe, which experienced 500 billion % hyperinflation in 2008, is experiencing another episode of high inflation.

Daily Mirror

Single parents set to lose a whole month's pay this year thanks to rocketing inflation

Damning House of Commons Library analysis finds inflation, DWP Universal Credit and National Insurance and tax changes will leave a single parent-of-two £1,214 worse off - which is what they take home after tax in a month

Evening Standard

Pound jumps as jobs data fuels interest rate bets

THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.

The Independent UK

Unemployment at lowest level since 1974 as UK wages fall sharply

Pay has dropped by the biggest fall in over 10 years

The Guardian - UK

‘I saw two Tory whips having tequila for breakfast’: Margaret Beckett on Blair, the Iraq war and half a century in politics

She is Britain’s longest-serving female MP. As she approaches retirement, she remembers the thrill of Westminster in the 70s, the successes and failures of the Blair years, and nominating Corbyn for the Labour leadership

Wales Online

Price of food could go up 10% this year says M&S boss

Wales Online

Marks & Spencer boss details the 700-page document taking eight hours to prepare lorry drivers need just to go to Ireland

The documents also need to be partially written in Latin

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