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The Latest Breaking News from Inflation

Sony hikes PS5 price right as console shortage slows

Sony blames inflation as it increases the price of the PS5 by as much as €50 in European and Asian markets.

Input · Aug 25, 2022

Tram workers to stage three-day strike in dispute over pay

Aslef says drivers have been offered a 3% rise while inflation is above 12%.

The Independent UK · Aug 25, 2022

Here's How Ford F-150 Lightning Prices Are Impacted By New Tax Credit

Ford announced that it's raising prices for its F-150 Lightning electric truck. Moreover, the Inflation Reduction Act's EV tax credit hurts more than it helps.

InsideEVs · Aug 25, 2022

From analysis to the latest developments in health,
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Inflation calculator: find out how much UK household price rises affect you

This online tool will help you discover what is contributing to your household’s cost of living increases

The Guardian - UK · Aug 25, 2022

Biden’s student-loan relief adds new wrinkle to inflation debate

President Joe Biden’s plan to forgive a portion of student loans held by tens of millions of people will ripple through the economy as personal spending and savings shift, but no factor will be more closely watched than inflation.

Tribune News Service · Aug 25, 2022

3 Buy-Rated ETFs to Fill out Your Portfolio This Summer

Since inflation is still hovering around 40-year highs, the Fed will likely maintain its hawkish stance, which could keep the market under pressure. Therefore, it could be wise to invest in resilient ETFs iShares iBoxx $ High Yield (HYG), iShares MSCI Brazil (EWZ), and Financial Select Sector (XLF), which are…

StockNews.com · Aug 25, 2022

Government revision shows economy shrank 0.6% last quarter

The U.S. economy shrank at a 0.6% annual rate from April through June, the government said in a slight upgrade from its initial estimate

The Independent UK · Aug 25, 2022

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‘It’s going to hit everyone’: warning from town with highest inflation in England

High levels of poverty and poor home energy efficiency make Burnley’s inflation rate 11.5%

The Guardian - UK · Aug 25, 2022

Sony raises global prices of PlayStation 5 outside US market

Gaming console maker says inflation rates and supply shortages have led to ‘challenging economic conditions’

The Guardian - UK · Aug 25, 2022

I take solace in the beauty of science in these tough times

We are living in a time of crisis. Inflation is predicted to go over 18 per cent next year. Energy bills are expected to go through the roof. There is strike after strike, people are struggling to get GP appointments, and the police seem increasingly indifferent towards petty crime. There…

Evening Standard · Aug 25, 2022

'The only things that haven’t risen with inflation are wages and benefits'

Mirror reader Jacquelyn Allsop asks - If businesses can keep asking for higher prices for their products, why can't we demand higher wages?

Daily Mirror · Aug 25, 2022

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

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 Independent UK · Aug 25, 2022

GCSE grades fall from Covid record high in crackdown on grade inflation

Both pass rate and percentage of top grade drops

The Independent UK · Aug 25, 2022

Covid disruption must still be taken into account in 2023 GCSEs, say schools

Calls for mitigation measures to remain come on day 2022 grades show downturn in line with official policy

The Guardian - UK · Aug 25, 2022

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The Times of India · Aug 25, 2022

India economic indicators gave mixed signals on recovery in July

NEW DELHI: India’s business and consumption activity showed conflicting signs of recovery in July as elevated inflation, rising borrowing costs and fears of a global slowdown weighed on Asia’s third-largest economy.

Asharq Al-Awsat · Aug 25, 2022

Asian Markets Rise with Eyes on China, Fed Speech

Asian markets rose Thursday after China unveiled fresh measures to boost its economy, while investors awaited a speech by the Fed chair that may hold clues about future rate hikes. Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve…

The Independent UK · Aug 25, 2022

Asian stocks gain as global markets await Fed chair speech

Asian shares are trading higher as global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week

The Independent UK · Aug 25, 2022

Inflation hits Dubai's karak tea, a beloved national staple

Karak is informally the national drink of the United Arab Emirates, long priced at just 1 dirham, a bit less than 30 U.S. cents

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The Independent UK · Aug 25, 2022

Inflation's harsh realities on display as Fed officials meet

A half-hour drive or so from the resort where the high priests of international finance have convened in Jackson Hole, Wyoming, to discuss the world’s economic challenges, a food bank distributes meals from a commercial garage

The National (Scotland) · Aug 25, 2022

Rishi Sunak compares himself to Thatcher in attack on Liz Truss's tax cut plan

RISHI Sunak said he would not make promises he could not keep when it came to the cost of living crisis, as

The Guardian - AU · Aug 25, 2022

What is ‘multi-employer bargaining’? Could it help lift wages growth in Australia?

With workers’ pay rates stagnant for a decade and inflation eating into spending power, here’s what unions are proposing

AAP · Aug 25, 2022

Woolworths hopes for return to normalcy

Woolworths says supply chain disruptions, shortages, absenteeism and flooding led to financial performance that was below the supermarket giant's aspirations.

Reason · Aug 24, 2022

Why the IRA Does Not "Grant" the EPA "Broad Authority to Shift America Away from Burning Fossil Fuels"

A New York Times story creates a false impression about the effects of the Inflation Reduction Act's Climate Provisions

The Conversation · Aug 24, 2022

Student loan forgiveness – experts on banking, public spending and education policy look at the impact of Biden's plan

President Joe Biden announced a program to provide student debt relief to millions of borrowers of federal loans. The plan would offer up to US$10,000 in forgiveness for people who earn less than $125,000 – $250,000 for couples – and up to $20,000 for Pell Grant recipients. Biden also extended…

StockNews.com · Aug 24, 2022

3 Stocks Upgraded to "Top Buys" This Week

The stock market experienced a sharp rebound since July, fueled by renewed investor optimism on several positive factors, including a slight decline in inflation. However, with inflation still hovering around 40-year highs and the possibility of the Fed maintaining its hawkish stance, the market is expected to remain under pressure.…

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