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The Latest Breaking News from Inflation

Supermarkets put security tags on cheese blocks as stores tackle shoplifting amid soaring food costs

Supermarkets appear to be toughening its security measures on foodstuffs as shoppers feel the financial pinch of soaring inflation

The Independent UK

3 Large-Cap Stocks Wall Street Thinks Will Rally More Than 30%

The stock market volatility is not expected to lessen anytime soon, with soaring inflation and the Fed’s aggressive stance to fight it. Despite the market uncertainties, Wall Street analysts see significant upside in large-cap stocks Diamondback Energy (FANG), Marathon Petroleum (MPC), and E.ON SE (EONGY). Keep reading….

StockNews.com

Chicago Area Fourth of July Shooting Leaves 6 Dead, Dozens Wounded

Plus: Inflation eats up Americans' savings, copyright officials want to protect your fireworks photos, and more...

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Millennial Money: What if you can’t ‘out-budget’ inflation?

Rising prices can feel impossible to manage if money is already tight

The Independent UK

‘Inflationary storm’: RBA hikes interest rates to contain fallout as prices surge

The Reserve Bank has slapped households with another painful interest rates hike in July as it tries to curb soaring inflation.

The New Daily

Bank of England warns that economic outlook has ‘deteriorated materially’

UK households likely to face more inflationary pressures arising from Ukraine war, says central bank

The Guardian - UK

Sainsbury's shopper spots £7 price tag for single tub of Lurpak butter

Shop prices have hit their highest rate of inflation

Liverpool Echo

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More than 200 workers at Fife Bosch factory walk out

Union claims proposed pay deal would actually leave members worse off, due to inflation

Insider UK

Shoppers left dismayed after price of Lurpak butter goes up to £7.25 a tub

Prices of food, petrol and energy have been rising in recent months but this increase in the cost of butter has left shoppers stunned

Chronicle Live

How much did interest rates go up by? What is the RBA's new cash rate? How could it all impact you?

We've just been hit with the third cash rate hike in three months. Here's what it all means.

ABC News

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much.

The Conversation

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

The New Daily

Proportion of top degree grades in England could fall by nearly 25%

Universities say they want to reverse the grade inflation seen during the Covid pandemic

The Guardian - UK

Business in 'crisis mode' due to cost of living, Scottish Chambers of Commerce warns

Nine in 10 Scottish firms surveyed continued to report major inflationary pressures

Insider UK

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Wales Online

Millions of people's incomes will start increasing from tomorrow

Critics point out that lowest earners will not benefit from raise in NI threshold

The Independent UK

Income boost for some as National Insurance threshold increases from Wednesday

NI starting thresholds will rise from £9,880 to £12,570 from July 6 as households grapple with surging living costs.

The Independent UK

Universities promise return to ‘pre-pandemic’ level of firsts

Universities pledge to bring number of first and 2.1s back into line with 2019 levels.

Bangkok Post

Committee revises up GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

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StockNews.com

3 MLPs to Pay Attention to in July

The stock market has been experiencing a wild swing lately amid rising inflationary pressure and the Fed’s monetary policy tightening. However, fundamentally sound MLPs Suburban Propane (SPH), Höegh LNG Partners (HMLP), and Hess Midstream (HESM) could be a great addition to your watchlist, given the steady income stream they offer.…

ABC News

Why are interest rates going up? What does inflation have to do with the Reserve Bank’s decision?

Interest rates have just risen, again. But do you understand why? Here's everything you need to know.

Tribune News Service

Biden close to rollback of Chinese tariffs to fight inflation

President Joe Biden may announce as soon as this week a rollback of some U.S. tariffs on Chinese consumer goods — as well as a new probe into industrial subsidies that could lead to more duties in strategic areas like technology.

The Guardian - AU

Homeowners warned to expect at least two further rate hikes as repayments soar

Cash rate predicted to rise again in August as the RBA attempts to bring down rising inflation

AAP

Further rate rise to hit family budgets

The Reserve Bank of Australia board lifted the official cash rate to 1.35 per cent, adding to cost pressures on households.

The Guardian - AU

Higher interest rates may not slow inflation, and central banks are partly to blame

The Reserve Bank of Australia’s decision to raise the cash rate may backfire and cause economic instability

The Guardian - UK

John McDonnell calls for strict price controls on fuel and food basics

Former shadow chancellor says a radical response needed to the worst cost of living crisis in a generation

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