The Latest Breaking News from Inflation

Food campaigner Jack Monroe said Environment Secretary George Eustice was in ‘no position to tell other people to get cheaper biscuits’.

In the midst of Labor’s campaign about the cost of living, the Coalition has zeroed in on one of those costs – taxes – and guaranteed to stop them rising. Its Lower Tax Guarantee promises:

The Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years. The aggressive move, which has been expected for many months, is part of the U.S. central bank’s effort to slow…

The RBI’s increase in interest rates was long overdue

Record-low mortgages below 3% are long gone

Largest increase in 22 years comes as inflation is highest in four decades

The Senate Judiciary Committee took aim at credit card fees, complaining that inflation is pushing up the profits of Mastercard and Visa,.

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.