The Latest Breaking News from Inflation

English district councils warn support services for poorest face axe

Services such as debt advice and hardship funds under threat amid £400m bill caused by inflation

The Guardian - UK · Sep 28, 2022

Record 8m households in UK struggle to manage telecoms bills, says Ofcom

Regulator calls on sector’s big players to scrap formula that uses inflation plus 3.9% to set annual price rises

The Guardian - UK · Sep 28, 2022

Argentina's economic crisis draws protests even as poverty rate eases

Argentina's deep economic slump drew thousands to the streets on Wednesday, as protesters demanded action to counter sky-high inflation and help the country's poor, even as data showed the poverty rate dipped in the first half of this year.

Reuters · Sep 28, 2022

3 Stocks That Can Power Through a Recession

Multi-decade high inflation, combined with the prospect of strong central bank interest rate hikes this year, might trigger a recession. So, investors seeking to beat the consequent market downturn might consider investing in fundamentally-sound stocks Johnson & Johnson (JNJ), Walmart (WMT), and Coca-Cola (KO), given the inelastic demands for their…

StockNews.com · Sep 28, 2022

2 Upgraded Stocks to Pay Attention to This Week

Since the Fed has reiterated its hawkish stance to control the decades-high inflation, the stock market will likely remain under pressure. Therefore, it could be wise to invest in fundamentally strong stocks Shell (SHEL) and Lockheed Martin (LMT), which have recently been upgraded to “Strong Buy” in our proprietary rating…

StockNews.com · Sep 28, 2022

Global recession increasingly likely as cost of living soars: Chief economists' survey

NEW DELHI: A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said on Wednesday citing a survey of chief economists from across the world.

The Times of India · Sep 28, 2022

Morrisons profits plunge 50% after ‘unprecedented’ inflation

Underlying profits for 13 weeks to end of July fell to £177m from £356m in same period a year earlier

The Guardian - UK · Sep 28, 2022

Weary Bulgarians fear more political turmoil after latest election

Bulgarians bracing for their fourth election in less than two years face a winter of want amid soaring inflation driven by the war in Ukraine, making many yearn for good government and stability after years of political turmoil.

Reuters · Sep 28, 2022

Only a U-turn by the government or the Bank of England will calm UK financial markets

The Bank of England has promised to take action to calm the financial market mayhem that has followed the announcement of major tax cuts by the UK government.

The Conversation · Sep 28, 2022

Nine big changes to your finances coming in October

From tax to energy prices and cost of living payments, here's everything you need to know about the month ahead

Wales Online · Sep 28, 2022