The Latest Breaking News from Inflation

Pound sinks to new 37-year low as inflation soars

Sterling dropped below $1.14 taking it to its worst point since 1985

The Independent UK · Sep 16, 2022

Why is the pound plunging on 30th anniversary of Black Wednesday?

Falls against the dollar are prompted partly by concern about Liz Truss’s economic and energy policies

The Guardian - UK · Sep 16, 2022

Fewer discounts: Reserve Bank boss issues inflation warning on corporate profits

Philip Lowe wants businesses to start offering shoppers more discounts, saying corporate profits must fall to curb soaring inflation.

The New Daily · Sep 16, 2022

Don't hold your breath for lower mortgage rates

Inflation has put the Fed squarely on the path toward higher interest rates.

Axios · Sep 16, 2022

Americans are paying more and getting less as inflation hits home

Rising inflation has meant fewer restaurant meals, getaways and even doctor visits for many Americans, as nearly 4 in 10 say their family finances have gotten worse in the last year.

WEKU · Sep 16, 2022

Asian stocks follow Wall St lower amid inflation pressure

Asian stock markets have followed Wall Street lower after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease away from more interest rate hikes

The Independent UK · Sep 16, 2022

Interest rates all but certain to rise in October but end of big hikes nearing, RBA governor says

Reserve Bank board will consider either a 25 or 50 basis point rise at next month’s meeting, Philip Lowe tells MPs

The Guardian - AU · Sep 16, 2022

Apple counts on upscale shoppers to turn latest iPhone into hit

The latest iPhone hits stores in many countries, including Thailand, on Friday, and Apple Inc is counting on well-heeled shoppers to make the device a hit during a year of roaring inflation and shaky technology spending.

Bangkok Post · Sep 16, 2022

What we keep getting wrong about inflation

Inflation needs a monetary response, whereas the energy crunch should be met with support for struggling households

Financial Times · Sep 16, 2022

Sri Lanka's crisis pushes war-shattered Tamils to the brink

Under a blazing sun, a 44-year-old Tamil labourer tended his rented patch of peanut field in Sri Lanka, striking his spade against the earth in a daily struggle to beat inflation that has put many necessities out of reach.

Reuters · Sep 16, 2022