The Latest Breaking News from Inflation

America's central bank is hiking interest rates by half a percent in a bid to tame decades-high inflation in the US. But it’s also tempering its plan for future hikes to avoid sending the economy into recession. Meanwhile, French consumers are facing skyrocketing prices across a number of sectors.

CEO says selling prices are up around 7 per cent - offsetting build cost inflation of 6 per cent

Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

Retailers say consumers should brace themselves for continued price rises on the back of inflation but farmers accuse them of price gouging with "atrocious" mark-ups.

Zalando posted a decline in sales for the first time since the German online fashion retailer was founded, leading it to dim its outlook for 2022 on Thursday. First-quarter sales fell by 1.5%, to 2.2 billion euros ($2.33 billion), after posting a 46.8% increase in the same quarter last year…

Inflation will hit 10 per cent this year, according to central bank forecast

Iranian authorities issued "secret directives" to the security and the judiciary units to prepare for public protests after an increase in food prices due to fears of the collapse of the Vienna talks, Iranian sources told Asharq Al-Awsat. The sources said that the security services, police, riot control, the judiciary,…

National publisher has seen further inflation in operating costs, particularly within print

Interest rates reached 1% for the first time in 13 years today as Bank of England policymakers battle rampant inflation.

Interest rates are expected to be hiked again on Thursday to 1% - their highest level for 13 years

Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10%