The Latest Breaking News from Inflation

Biden's approval rating rebounds ahead of midterms

The public's perception of his handling of the economy and inflation still remains low.

Axios · Sep 15, 2022

German government tasks experts with proposing inflation-busting ideas

The German government will establish a committee of experts and task them with coming up with policy proposals to combat the soaring cost of heating and gas, Chancellor Olaf Scholz said on Thursday.

Reuters · Sep 15, 2022

Germany urges firms to make tax-free payments to employees

The German government is urging companies to make a one-off payment to their employees of up to 3,000 euros (dollars) as a way of addressing the impact of rising prices while preventing a spiral of inflation in Europe’s biggest economy

The Independent UK · Sep 15, 2022

William Ruto is now in charge of Kenya’s shaky economy: where to start

Kenya’s President William Ruto, sworn in as new President on 13 September 2022, has inherited an economy saddled with debt, inflation, joblessness and national pessimism. The International Monetary Fund has also added to his pain: it recently asked Kenya to broaden its tax base and scrap the fuel subsidy.

The Conversation · Sep 15, 2022

Kenya scraps petrol subsidy after president warned it was unsustainable

Kenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable, in a move that could add to upward pressure on inflation.

Reuters · Sep 15, 2022

Biden's swagger: He thinks they'll win

A puzzling White House event this week sent a clear signal under the surface: Democratic confidence is soaring

Salon · Sep 15, 2022

Retail sales up 0.3% in Aug. from July amid inflation

Americans picked up their spending a bit in August from July even as surging inflation on household necessities like rent and food take a toll on household budgets

The Independent UK · Sep 15, 2022

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

The Independent UK · Sep 15, 2022

Residents of a deprived London borough remember queen fondly

But some question the cost of a state funeral at a time of rising inflation.

Al Jazeera · Sep 15, 2022

ASX ’outperforms’ amid fallout from Wall Street carnage

The Australian market was not immune from the sell-off on Wall Street but was able to 'outperform' relatively, falling by only 2.6 per cent.

The New Daily · Sep 15, 2022