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The Latest Breaking News from Inflation

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

Daily Mirror

Arkhom says growth outlook good despite agency's downgrade

The Finance Minister said on Tuesday that the outlook for the economy this year was still good, despite the state planning agency's downgrade in its growth forecast, and he wanted to see a policy rate that still supports the recovery.

Bangkok Post

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

The National (Scotland)

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School meals will shrink without help to tackle rising costs, warns food boss

Schools in England could be forced to cut meal portions or quality unless government increases funding for free school meals, says Bidfood chief

The Guardian - UK

Food prices could soar by 10% this year, warns M&S boss

The boss of Marks & Spencer said the crunch time for families would come after summer holidays when they find ‘there is nothing left in the kitty’

Evening Standard

UK pay hit by inflation but unemployment falls to 48-year low

Most workers face fifth month of falling living standards despite soaring City bonuses

The Guardian - UK

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Millions of workers seeing real terms pay fall ‘sharply’ as inflation bites

The squeeze is set to get worse as the Bank of England has forecast that inflation may rise into double figures later this year

Evening Standard

Big fall in North East unemployment but warning over pay levels

The numbers of people claiming out-of-work benefits in the region has fallen below pre-pandemic levels

Chronicle Live

Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

The Independent UK

Elon Musk sees US as 'probably' in recession lasting up to 18 months

NEW YORK: Elon Musk said that the US economy was "probably" in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.

The Times of India

'Apocalyptic' warning over food price rises due to Ukraine war

While there is food in storage in Ukraine, it can't be shipped out due to the war

Wales Online

The repo rate in India

How does the repo rate work? How does it affect the country’s inflation and what are the factors that influence its efficacy?

The Hindu

Q1 GDP growth tops forecast but Ukraine war hits 2022 outlook

Thailand's economy grew faster than expected in the first quarter supported by a pickup in agriculture and an easing of Covid-19 curbs, but higher inflation remained a drag on a fragile recovery.

Bangkok Post

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The Conversation

Why Morrison's ‘can-do’ capitalism and conservative masculinity may not be cutting through anymore

Scott Morrison’s election strategy was clear at the end of last year. As borders were opened up and restrictions eased, Morrison argued the Coalition would be winding back the big government measures that were necessary during the pandemic.

The Guardian - US

Karine Jean-Pierre makes history but inherits a world of trouble

The White House’s first Black press secretary used her opening remarks to reflect on this new chapter

The Independent UK

Sir John Major says ‘help must come’ from government over cost of living

‘Penniless’ people of Britain would lose trust in state if financial aid is not forthcoming, he says

Tribune News Service

CD rates are poised for a comeback. Now, if only inflation would calm down

Following CD rates in recent years has been a lot like watching paint dry at the bottom of a barrel: little perceptible change in rock-bottom returns.

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Input

The world's richest men are competing for world's worst tweet

One returning Hall of Famer meets one newcomer for double-duty awfulness.

The Guardian - UK

Cost of living crisis: immediate support from Sunak a ‘moral imperative’ – CBI

Boss Tony Danker wants chancellor to aid households skipping or having smaller meals as energy bills soar

Benzinga

PreMarket Prep Stock Of The Day: SoFi's Upgrade Rally

With a muddled macroeconomic and geopolitical environment along with inflation concerns, not as much attention is being paid to upgrades and downgrades by Wall Street analysts.

The Independent UK

A Bezos-Biden squabble: Can corporate taxes tame inflation?

Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet by President Joe Biden about corporate taxes as “disinformation” and “misdirection.”

The Conversation

State of the states: six politics experts take us around Australia in the final week of the campaign

In the first week of the campaign, we journeyed around the country with six politics experts to examine the key seats and issues affecting different parts of the Australia.

The Guardian - UK

Bailey sets alarm bells ringing while barely mentioning the B-word

As the Convict hoped for a fudge in Northern Ireland, the Bank of England governor explained how screwed the economy is

Benzinga

EXCLUSIVE: 42 Macro's Darius Dale On His Wall Street Story, The Markets: 'This Is Not The Financial Crisis'

A lot of successes in life are owed to being at the right place at the right time.

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