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The Latest Breaking News from Inflation

Mid-Day Market Update: Dow Tumbles Over 800 Points; DLocal Shares Surge

U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 800 points on Wednesday.

Benzinga

World Bank pledges $12bn to support low-income countries hit by shortages

Move follows warning from head of UN World Food Programme about high prices leading to social unrest

The Guardian - UK

Officers should use discretion over stealing to eat, says police watchdog

New chief inspector of constabulary says crimes of poverty should be ‘dealt with in the best way possible’

The Guardian - UK

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Rishi Sunak vows to cut taxes for business to tackle cost of living crisis

Chancellor to urge investment in innovation at CBI speech as UK inflation soars to 9%

The Guardian - UK

'They're already ridiculous' - Parents blast warning that school meals could get smaller

School caterers are said to be considering shrinking portion sizes or using cheaper ingredients amid the cost of living crisis

Manchester Evening News

India better placed to face global challenges and uncertainties: CEA

NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Wednesday said amid global uncertainties caused by the ongoing Russia-Ukraine war, India is still better placed among the large economies because of an improved financial system and a robust corporate health.

The Times of India

Senate to test waters on money for restaurants, small businesses - Roll Call

The proposal includes $40 billion to backfill the so-called Restaurant Revitalization Fund for applicants who didn't receive any grant money.

Roll Call

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Benefits ‘cut’ leaves London families facing a squeeze

Research shows family of four could be £90 out of pocket as inflation outpaces rise in Government support

Evening Standard

People are 'at breaking point' as UK inflation hits 40-year high, North East foodbank claims

North East foodbanks react as UK inflation jumped to 9% in the 12 months to April, up from 7% in March - the fastest rate for 40 years

Chronicle Live

Welcome to the Everything Everywhere All At Once economy

Is this the Everything Everywhere All At Once economy? City Editor Oscar Williams-Grut thinks so, and he makes a compelling case.

Evening Standard

UK Inflation Rate At 40-Year High: Report

The U.K.’s annual rate of inflation reached a 40-year high last month, the highest carried by an industrialized nation since the inflationary upswing began last year.

Benzinga

RBI opted for off-cycle rate hike to avoid tougher action in June: Shaktikanta Das

MUMBAI: Waiting for the scheduled monetary policy meet in June would have meant losing time and opting for a stronger action, RBI governor Shaktikanta Das told members of the MPC before they unanimously decided to go for an off-cycle hike in interest rate on May 4.

The Times of India

Biden Vs. Bezos: Who's Right In Their Spat Over Inflation?

Amazon.com, Inc. (NASDAQ: AMZN) founder and executive chairman Jeff Bezos recently ripped President Joe Biden

Benzinga

‘I feel abandoned by the state’: UK pensioners on the cost of living crisis

Four Guardian readers talk about how they are trying to keep up with rising prices

The Guardian - UK

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Benzinga

Mid-Morning Market Update: Markets Open Lower; Target Earnings Miss Views

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 400 points on Wednesday.

The Independent UK

‘Summer of discontent’ on trains as pay fails to rise with inflation, union warns

Threat comes as Tube stike to hit key stations on Queen’s Jubilee weekend

The Hindu

SP, BSP allege BJP’s role behind Gyanvapi controversy

Mayawati, Akhilesh see bid to divert attention from basic questions such as inflation

Daily Record

New petition calling for DWP benefits to increase in line with inflation rate due official response

Inflation has risen to a 40-year high of 9% while benefits increased by 3.1% in April.

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The Independent UK

Inflation hits 40-year high: What was life like in Britain the last time things were so dire in 1982

Margaret Thatcher was PM, unemployment at its worst since the 1930s, the Falklands War broke out and ‘Come on Eileen’ was the year’s biggest-selling single

The Hindu

Congress slams Modi government over inflation

India looks a lot like Sri Lanka, Rahul Gandhi tweets

Daily Mirror

Mr Kipling owner hikes cost of cakes amid cost of living crisis as inflation soars

The owner of cake brand Mr Kipling has warned that it will have to put up prices for shoppers, with brands Oxo, Sharwoods and Ambrosia also affected by the move

Daily Mirror

Pensioners set for £1,000 pay rise if triple-lock returns as inflation rockets

Inflation is set to hit 10.25 per cent by the end of the year, leaving people across the country struggling to buy common goods. With the planned re-introduction of the state pension triple-lock tied to inflation, this would also mean the biggest-ever pay rise for pensioners.

Evening Standard

With inflation now at a 40-year high, what can households expect next?

Britons are now being hit with price rises across most essentials such as energy, fuel, food and clothing, and more cost pain is on the horizon.

Evening Standard

The Standard View: Ministers must tackle inflation urgently

That it was predicted makes it no less painful. Inflation has hit a 40-year high, driven largely by soaring fuel costs. And prices are set to rise further still. Figures from the Office for National Statistics show inflation reached nine per cent in April, its highest level since 1982. The…

Wales Online

UK house prices rise by £24,000 in a year with Wales seeing the biggest spike

And there's a new county hot spot where price increases have been the highest and another record breaking national average

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