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The Latest Breaking News from Inflation

Independent food banks ‘desperately worried’ following ‘alarming’ inflation rise

Providers are supporting growing cohort of first-time food bank users, people struggling while in work, and an increasing number of children.

The Independent UK

‘Devastating’: Households suffer biggest real pay cut since 2001

Australian households are suffering the worst cost-of-living squeeze in more than two decades, with real wages falling at the fastest pace since 2001.

The New Daily

Keir Starmer taunts Boris Johnson that he ‘can’t make his mind up’ on windfall tax, as he ducks pleas to act

Prime minister says he is against rising taxes – but then agrees to look at ‘all sensible measures‘

The Independent UK

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Hassan Mohamud: The second coming of Somalia’s new president

The new president will have to tackle insecurity, rising inflation, severe drought – and reunite a fractured government

Al Jazeera

Three TV channels and shops shut on Sundays - life in 1982 when the cost of living was last as high as it is now

Margaret Thatcher was PM and unemployment stood at 10.4%

Wales Online

London house prices rise but ‘frightening level of inflation’ and cost of living crisis likely to dampen market

The average price of a house in London is now £523,666, after prices rose by 4.8 per cent in the year to March

Evening Standard

Inflation hits 9%: How does it impact your finances?

Around nine in 10 (87 per cent) of adults in Britain have reported their cost of living increased in March alone

The Independent UK

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London politics latest: Boris Johnson accused of having ‘head in sand’ on cost of living as pressure grows for windfall tax

Labour leader Sir Keir Starmer has urged the Prime Minister to stop the “hokey-cokey” and back Labour’s plan to bring in a windfall tax on energy firms at PMQs.

Evening Standard

Brits warned of 'relentless' food price increases for meat and milk

Latest figures show how much more you're spending on food and outside the home

Wales Online

Soaring UK inflation makes action from Rishi Sunak a question of when, not if

Analysis: Chancellor has sought to deflect criticism by citing global factors but has hinted about support

The Guardian - UK

Rishi Sunak warns next months of cost of living crisis ‘will be tough’

Pressure on chancellor to act as inflation hits a 40-year high with soaring energy bills pushing Consumer Prices Index to nine per cent in April

Evening Standard

School lunch portions may SHRINK with cheaper ingredients used to counter food costs

Andrew Selley, chief executive of Bidfood, said schools might have to use cheaper ingredients in a bid to counter rapidly rising food prices - or raise cost of dinners

Daily Mirror

Pubs wary of increasing prices as inflation squeezes profits

‘We are having to take a lot of these costs on the chin which affects our bottom line,’ said City Pub Group chair Clive Watson

Evening Standard

House prices hit new record but growth expected to slow

The rate of growth will slow by the end of 2022, Halifax said.

The Independent UK

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The Independent UK

REDIRECTED Will rising interest rates cause UK house prices to fall?

Many experts are predicting a slowdown in price growth later this year, explains Ben Chapman

The Independent UK

‘No time to lose’ to help those struggling with surging living costs

StepChange Debt Charity said the surging cost of living is among the most common reasons people with financial struggles give for their debts.

The Independent UK

Eastbourne council becomes first council to declare ‘cost of living emergency’

Exclusive: Lib Dem-run authority will pass motion to give Tory government ‘wake-up call’ and help local charities

Daily Record

Rishi Sunak under pressure as inflation hits 9% sending fuel and food prices soaring

Labour is tabling an amendment calling for an emergency budget to help households cope with rising food and fuel costs.

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Reuters

More pain in Sri Lanka before any resolution to crisis

Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.

The Conversation

Proof positive. Real wages are shrinking, Wednesday's figures put it beyond doubt

Every three months the Bureau of Statistics releases the lesser-known cousin of the consumer price index. It’s called the Wage Price Index (WPI) and it records changes in the overall level of wages, in the same way the price index records changes in the overall level of consumer prices.

Daily Mirror

Prescription charges frozen – who pays for medication in England and Wales?

Prescription charges in England, which would normally rise with inflation, will be frozen at £9.35 until next year, but who needs to pay for medication in England and Wales?

The Guardian - UK

The Bank of England can’t save people from this cost of living crisis – that’s Boris Johnson’s job

Faced with the the biggest inflation rise in 40 years, the Bank must do more than berate workers, says Sahil Dutta, lecturer in political economy

Axios

Inflation has squelched the optimists

Especially in suburban and rural America.

Salon

Behind the Joe Biden v, Jeff Bezos beef

The Bezos-Biden spat comes as the price of food and fuel soars and Amazon workers organize to form a labor union

Benzinga

A Peek Into The Markets: US Stock Futures Down Following Tuesday's Rally

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Hassan Sheikh Mohamud

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