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The Latest Breaking News from Inflation

'No GST on crematorium services': Parliament business suffers as BJP, Congress spar over tax hike

NEW DELHI: The business of Parliament’s monsoon session suffered for the third consecutive day over the protest by the Congress-led opposition against inflation and the recent levy of Goods and Services Tax (GST) on certain items. A war of words has ensued between the BJP and the principal opposition Congress…

The Times of India

As inflation reaches 9.4% – what is it and how will it impact your savings?

The Office for National Statistics is tasked with estimating the UK inflation rate.

The Independent UK

Irish inflation rate 2022: What is inflation, why is it so high in Ireland and what happens next?

Many in Ireland are not able to cope with the rises in cost of pretty much everything, with a two-year battle with Covid-19 and the Russian invasion of Ukraine proving to be too much for some

Irish Mirror

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What is inflation and why has it gone up again?

With inflation reaching a 40-year high you may have noticed essentials costing more than they used to. But why are prices going up?

Wales Online

Pepsi Kicked off Earnings Season With a Bang. Buy It Now or Wait?

PepsiCo (PEP) surpassed Wall Street earnings and revenue estimates for its fiscal second quarter and raised its revenue outlook despite the economy suffering multi-decade high inflation. The company believes costs will rise further in the upcoming months, and it must manage costs to protect its margins. So, will it be…

StockNews.com

Tories prioritise in-fighting as inflation skyrockets to 40 year high, says SNP

THE SNP have slammed the Tories for prioritising their leadership contest over the cost-of-living as inflation surged to a 40-year high.

The National (Scotland)

Is Ireland now headed for a proper recession? Leo Varadkar gives ominous update amid soaring inflation

Tanaiste Leo Varadkar said the cost-of-living squeeze will “feel like a recession” for people who don’t receive a pay rise

Irish Mirror

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The Reserve Bank will face a major review. Here’s what that means

Australia’s inflation target and why the Reserve Bank has failed to achieve it will be probed in the biggest review of the central bank in decades.

The New Daily

The Standard View: London wildfires are an ominous warning – we must make net zero a reality

The cost-of-living crisis is not taking a summer break. Prices are continuing to rise at their fastest rate for 40 years as inflation hit 9.4 per cent in May, driven by fuel and food costs.

Evening Standard

How soaring inflation will affect your household budget and spending over the next few months

The rate of inflation rose from 9.1% in May to 9.4% in June.

Daily Record

Fuel, energy and eight other things rising in price as inflation hits 40-year high

ONS data measuring price indexes has shown that the cost of living crisis is almost at its peak

Chronicle Live

‘Everything is going up’: UK hospitality sector struggles as inflation soars

Businesses face squeeze but are reluctant to pass costs to consumers facing cost of living crisis

The Guardian - UK

UK inflation: what goods and services have risen in price and by how much

From milk to mineral water, petrol to pet products – how the costs of goods and services have surged

The Guardian - UK

‘I see price rises of 25-50%’: how inflation is affecting people with a disability or illness

With the rate at 9.4%, UK households are feeling the pressure of the cost of living crisis

The Guardian - UK

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Evening Standard

What is inflation? UK rate increases unexpectedly to 3.6%

Inflation has unexpectedly jumped to 3.6%. But what is it, how is it calculated and what does it mean for wages and mortgages?

Wales Online

Exactly how much more expensive everything is today than 12 months ago

Milk has gone up 26.3%, some fuel has gone up 128.9%

Evening Standard

5% pay rises ‘are generous and the final offers’ says minister as unions threaten strikes

The below-inflation pay rises being offered to public sector workers are “extremely generous”, the Chief Secretary to the Treasury insisted on Wednesday as unions threatened strikes at schools and hospitals.

Birmingham Post

Russian seafood sanctions hit with Grimsby cluster chiefs warning of potential to push prices up

Processing issue not major but inflationary impact being monitored as supply chains change

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Wales Online

What soaring inflation means for you - and five steps you need to take now

Key questions answered - including why everything is getting more expensive and what help you will get

Wales Online

Average UK house now costs £283,000 after 12.8% surge - where prices have risen the most

Latest property costs as England, Wales and Scotland all hit record levels in May

The Independent UK

Average UK house price is £32,000 higher than a year ago

Property values in England, Wales and Scotland all hit new record levels in May, according to the Office for National Statistics.

St. Louis Post-Dispatch

Lynn Schmidt: Reasons to cheer Joe Manchin

Three centrist cheers for Sen. Joe Manchin III. Manchin’s stance on three key issues may be unpopular with some of his Democratic colleagues but they are popular with Americans.

The Independent UK

Aldi named cheapest supermarket in UK

Shoppers are looking to save money as inflation hits 40-year high

The Independent UK

UK inflation surges to new 40-year high of 9.4%

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis

The Guardian - UK

UK inflation rise is worrying but Bank of England must not overreact

Analysis: Figure is being generated by factors outside Britain, and households and firms can do without burden of higher interest rates

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Dipanjan BanchurSince

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Office for National Statistics

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