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The Latest Breaking News from Inflation

DWP confirm Universal Credit claimants could see rise in payments from April 2023

A Minister from the Department of Work and Pensions (DWP) has confirmed that claimants will find out if their Universal Credit will increase in November. But if it does increase in line with inflation, they won't see it until next year.

Glasgow Live

UK growth forecast downgraded AGAIN as IMF makes gloomy prediction

THE UK’s economic growth is slowing even more due to rampant inflation and it is set to be the weakest economy among the G7 nations next year, the…

The National (Scotland)

Unilever hikes prices for products but expects strong sales

Unilever says it raised prices by more than 11% between April and June as inflation surged

The Independent UK

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‘Dangerous’: ATO hands out $5.7 billion in tax refunds in July as inflation soars

The federal government has paid out $5.7 billion in tax refunds to households in July amid warnings the stimulus will worsen soaring inflation.

The New Daily

The 3 Best Stocks to Hedge Against Inflation

With inflation at a multi-decade high and the Fed’s aggressive interest rate hikes increasing the odds of a recession, the stock market is expected to remain highly volatile in the upcoming months. So we think investing in fundamentally sound stocks Coca-Cola (KO), Marathon Oil (MRO), and Weis Markets (WMK) could…

StockNews.com

Brazil inflation data paints rosier picture after fuel tax cuts

Brazilian consumer prices increased slightly less than expected in the month to mid-July, the country's statistics agency said on Tuesday, posting the lowest monthly increase in two years following a wave of government anti-inflation measures.

Reuters

As prices rise, the push to end diaper taxes grows

To help inflation-plagued and struggling families ease the burden of buying necessities, several states are scrapping the sales tax on infant and adult diapers.

Tribune News Service

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IMF says global economy is edging towards recession

Fund cuts forecasts as US, China and eurozone stall and inflation beats expectations

The Guardian - UK

Unprecedented price hikes put the squeeze on Iranian tenants

Authorities are planning to build more homes and control tenancy contracts to help ease the pressure.

Al Jazeera

Marmite maker Unilever raises prices by 11% as inflation increases costs

Consumer goods group reports sales growth despite falling volumes of goods sold

The Guardian - UK

Soaring inflation helps Compass Group as ‘first-time outsourcers’ scramble to cut costs

FTSE 100 caterer to Wimbledon, the Oval and London offices also boosted by the return of workers

Evening Standard

Cost of Living: List of firms helping staff with bonus payments

A growing band of firms from banks to law firms are helping put staff with one-off payments to help them meet rising costs - we take a look at what's on offer

Birmingham Post

Global stocks mixed ahead of expected US rate hike

Global stock markets are mixed as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation

The Independent UK

Unilever braced for tighter margins as inflation hits company profits

Unilever boss Alan Jope said product prices had not kept up with inflation

Evening Standard

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Al Jazeera

Zimbabwe launches gold coins to stem inflation

Authorities are struggling to pull Zimbabwe from the grip of an economic crisis characterised by rising prices.

Wales Online

TSB giving £1,000 cost of living bonus to 4,500 staff

Comes as some economists believe inflation may reach around 12% in October.

Wales Online

DWP to announce increase in Universal Credit just before Christmas

The changes could mean an extra £600 a year

The Independent UK

Inflation concerns hit 40-year high as prices keep rising

More people in Britain are concerned about inflation now than at any point since the early 1980s, an Ipsos survey suggests.

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Wales Online

Amazon Prime increases subscription charges for UK customers

The company have blamed the rise on increased inflation and higher operating costs

Chronicle Live

Amazon announces price rise for Prime delivery and TV

Giant company blames 'inflation and operating costs' for rise from £79 to £95 per annum

ABC News

What is inflation? Why is the CPI so high? And how is the RBA planning to bring it back down?

Inflation is the highest it has been in decades, and is set to rise further. But how is it measured, what is behind the price rises and how will the Reserve Bank get it back under control?

Bangkok Post

Deglobalisation breeds inflation

The return of high inflation in many developed economies seems to have surprised central banks and has quickly become people's leading economic worry. While monetary tightening is necessary, the role of structural factors warrants attention, too. Specifically, besides pandemic-related supply-chain disruptions and the energy and food-price shocks amplified by the…

StockNews.com

Need a Vacation? Give These 3 Travel Stocks a Go

The travel industry has been resilient against soaring inflation and falling consumer sentiment thanks to the robust pent-up demand. As consumer spending remains steady, travel & tourism stocks trivago (TRVG), Expedia Group (EXPE), and Travelzoo (TZOO) are expected to deliver stable returns in the upcoming months.

The Guardian - AU

Guardian Essential poll: 40% of voters say Labor doing poor job tackling surging cost of living

Half of voters surveyed say they can afford household bills but struggle to find anything extra or report feeling under financial pressure

Manchester Evening News

Rishi Sunak vs Liz Truss: Where PM candidates stand on tax cuts, Brexit, immigration and other issues

Liz Truss and Rishi Sunak will go head-to-head in a BBC debate on Monday night

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