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The Latest Breaking News from Inflation

Where’s Ted Budd in campaign for US Senate race? Maybe right where he wants to be

CHARLOTTE, N.C. — Republican Rep. Ted Budd is “MIA on the campaign trail,” the N.C. Democratic Party said in an August email to supporters.

Tribune News Service · Sep 6, 2022

Taoiseach Micheal Martin promises cost of living package will be 'substantial'

'We will go as far as we can, in terms of resources we have and ensure we don’t make the inflation situation worse'

Irish Mirror · Sep 6, 2022

We need to be prepared for what Trussonomics will mean

What we are about to get is the exact opposite of Thatcherism: an inflationary boom where we try to live beyond our means, but delivered with Thatcheresque determination, writes Sean O’Grady

The Independent UK · Sep 6, 2022

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A hyperpolarized, deeply fragile 2022 election: Democrats’ energy over Roe blunts GOP advantage

At the start of 2022, the political consensus was Democrats were toast. Inflation was at record highs, President Joe Biden’s approval numbers were slumping and precedent pointed to odds heavily stacked against the party that held the White House in the November midterms.

Los Angeles Times · Sep 6, 2022

The biggest supermarket price rises revealed out of Morrisons, Tesco, Asda and Aldi

Supermarket prices have continued to rise alongside energy bills and inflation rates, as the cost of living soars even further - but which out of the big six stores have increased the most?

Glasgow Live · Sep 6, 2022

RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

Households will be hit with another hike in their mortgage bills after the RBA increased interest rate for a record fifth month in a row.

The New Daily · Sep 6, 2022

Food prices to soar another 5.5 per cent over next year: Deloitte

Australians are being warned that much higher food price growth could become the norm at major supermarkets as grocery inflation continues to soar.

The New Daily · Sep 6, 2022

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UK construction industry shrinks as recession looms

Builders report customers are putting new work on hold as inflation reaches 40-year high

The Guardian - UK · Sep 6, 2022

Australians on unemployment benefits are set for two record paydays – but it's a sign of a broken system, long overdue for a fix

Australians on our humiliatingly-low unemployment benefit are about to get their biggest payday ever.

The Conversation · Sep 6, 2022

University staff in Wales ballot for action over 3% pay rise, working conditions and pension cuts

Staff at all eight universities in Wales are being balloted

Wales Online · Sep 6, 2022

Matthew Yglesias: A debate over the deficit is just what America needs

With unemployment low, inflation high and interest rates on the rise, the time is right to bring back an old idea: bipartisan talks to reduce the federal budget deficit.

Tribune News Service · Sep 6, 2022

Thai, emerging Asia equities see biggest monthly foreign inflow in 20 months

Emerging Asian equities ex-China saw massive foreign purchases in August due to a rise in risk appetite based on tempered inflation expectations.

Bangkok Post · Sep 6, 2022

Petition calling for cut in retirement age to 60 must get Government response

The petition already has over 61,000 signatures and is well on its way to being debated in Parliament

Wales Online · Sep 6, 2022

Student loan interest rate capped in Wales as inflation soars

Interest rates on loan repayments will be capped at 6.3% until December

Wales Online · Sep 6, 2022

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Daily Mirror · Sep 6, 2022

11 crisis issues in Liz Truss's bulging in-tray now she will be Prime Minister

The new Prime Minister inherits an economy that is juddering towards recession, a hike in energy bills and businesses on the brink of bankruptcy, writes Assistant Editor Jason Beattie

The Guardian - US · Sep 6, 2022

Democrats look to prove economic credentials in battle for midterms

Party aims to reframe narrative that Republicans are natural custodians of economy and alleviate voters’ inflation concerns

The Independent UK · Sep 6, 2022

Cost of living: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Guardian - UK · Sep 6, 2022

Patrick Minford: maverick economist who inspired Truss and Thatcher

Brexiter tells Guardian that new PM understands need for tax cuts and orthodoxy must be challenged to revitalise economy

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Evening Standard · Sep 6, 2022

Tens of thousands of firefighters to be balloted on whether to strike over pay

The Fire Brigades Union said the move follows a 2 per cent pay offer made in June, which has not been increased despite the soaring rate of inflation

The Guardian - UK · Sep 6, 2022

Energy bill freeze would mean shallower UK recession, but borrowing fears drive up gilt yields – as it happened

Concerns that Liz Truss’s energy price freeze will drive up UK borrowing have pushed 10-year gilt yields to the highest in over a decade

Daily Mirror · Sep 6, 2022

Worst supermarket price rises revealed out of Tesco, Morrisons, Asda, Aldi and more

Supermarket prices have continued to rise - but which out of Tesco, Asda, Aldi, Sainsbury's and Morrisons have risen the most over the last year, according to industry data?

The Independent UK · Sep 6, 2022

Firefighters and control room staff to be balloted for strikes over pay

The Fire Brigades Union said the move follows a 2% pay offer made in June, which has not been increased despite the soaring rate of inflation.

Asharq Al-Awsat · Sep 6, 2022

New UK Leader Promises to Tackle Energy Crisis, Economy

Liz Truss took over as British prime minister on Tuesday, vowing immediate action to tackle one of the most daunting set of challenges for an incoming leader in post-War history led by soaring energy bills, a looming recession and industrial strife. Truss, the fourth Conservative prime minister in six years,…

Newcastle Herald · Sep 6, 2022

Newcastle homeowners feel the pinch after latest rate rise

The official interest rate jumped 0.5 per cent bringing it to 2.35 per cent and at a seven-year high on Tuesday.

The Independent UK · Sep 6, 2022

Australia central bank lifts cash rate to 2.35% in 5th hike

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%

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