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The Latest Breaking News from Inflation

India’s vulnerability in the global economic tumult

There is no alternative to timely policy responses, heeding sound economic advice, and strengthening institutions

The Hindu

US inflation dips to 8.3% but stays close to 40-year high –as it happened

US food prices rise at fastest rate since 1981, as ECB’s Lagarde cements expectations for July rate hike, and German price rises hit record high

The Guardian - UK

Michael Gove rules out Emergency Budget despite cost-of-living crisis

The Levelling-Up Secretary did signal more help may be on its way for poorer households

Evening Standard

From analysis to the latest developments in health,
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Queen’s Speech offers little in battle to curb cost of living crisis

It was a forensically honed mood-setter for debates whose outcomes will influence every aspect of our lives

The Independent UK

Wednesday briefing: How Boris Johnson could have tackled the cost of living crisis

In today’s newsletter: after a Queen’s speech that ignored rising costs, Archie Bland asks economist Torsten Bell what should have been announced

The Guardian - UK

Biden sees bigger role for US farms due to Ukraine war

President Joe Biden wants to put a spotlight on the spike in food prices from Russia’s invasion of Ukraine

The Independent UK

With falling real incomes and rising prices many people don’t believe the story of prosperity Scott Morrison is preaching

Australians facing rising interest rates and rising average tax rates have little to celebrate

The Guardian - AU

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Factcheck: is Albanese’s backing of a 5.1% minimum wage rise an ‘unprecedented’ intervention?

Government claims Labor leader is improperly interfering with independent process, but it wouldn’t be the first time a precise number was proposed

The Guardian - AU

US inflation might have dipped last month from 40-year high

After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases

The Independent UK

Scott Morrison says Anthony Albanese's 5.1 per cent pay rise intervention would send interest rates spiralling

The Prime Minister says Anthony Albanese's push for wages to keep pace with inflation is "reckless", but Labor says the alternative is for people's pay to go backwards.

ABC News

Bitcoin, Ethereum, Dogecoin Stabilize — Why Is The Pace Of Crypto Recovery So Slow?

Bitcoin and Ethereum were in the green at press time, with the apex coin trading above the key $30,000 psychological level, as the global cryptocurrency market cap rose 3.4% to $1.4 trillion.

Benzinga

Frugal Japanese tighten their belts as prices rise, yen slides

Japan’s household spending fell 2.3 percent in March compared with the previous year.

Al Jazeera

Explained: What’s up with Biden’s Wednesday visits to Kankakee, Chicago

Biden arrives in Illinois hours after the April inflation numbers are released and the White House is braced for grim news.

Chicago Sun-Times

Calls to end low wage 'design feature'

Labour market experts are calling for wages to grow faster than four per cent a year to rebalance productivity, inflation and incomes but employers are fearful.

AAP

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Bangkok Post

Explainer: Should we be concerned about the baht?

Thailand started off this week with the baht weakening to a five-year low of 34.62 against the greenback. While in line with other Asean currencies that have softened against the US dollar, the performance is worth monitoring because it serves as an indicator in the country's recovery.

ABC News

Consumer confidence plunges to lockdown levels while Australians prepare for the polls

Globally, markets are considering rate hikes, inflation, war and supply chain woes.

The Guardian - AU

Leaders face off in final debate – as it happened

This blog is now closed

Bangkok Post

Betagro sanguine on sales

Betagro Group, one of Thailand's biggest agro-industrial and food companies, is optimistic about its sales prospects this year, despite a spate of challenges including the persistent pandemic, the ongoing Russia-Ukraine war, an increase in animal diseases, changing consumer behaviour and rising raw material costs as well as inflation.

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news in one place.

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ABC News

Federal election: ABC's political experts answer your burning election questions

Patricia Karvelas, Antony Green and Andrew Probyn joined the blog to answer your questions, as the wage debate heats up on the campaign trail.

Bangkok Post

Ceramic tile makers set out expansion plans

Two large producers of ceramic tiles -- SCG Ceramics Plc and Dynasty Ceramic Plc -- will open new stores and expand existing outlets nationwide as domestic demand recovers, following the country's reopening.

Tribune News Service

Oil sheds almost 10% in two days to drop below $100 a barrel

Oil continued its retreat into a second session as galloping US inflation fueled concerns it would force moves that risk pushing the economy into a recession.

The Guardian - UK

Queen’s speech: Boris Johnson ‘bereft of ideas’ to tackle cost of living crisis

Despite 38 new bills, opposition accuses government of failing to act to protect people amid soaring inflation

Salon

Scott calls on Biden to resign

"Joe Biden can't do the job"

The Hindu

Control inflation by acting on liquidity

Inflation in India cannot be described just as ‘cost-push’; an abundance of liquidity has been an important factor

Daily Mirror

Tories ignore cost of living catastrophe as struggling Brits offered no help

The cost of living crisis continues with soaring energy bills, inflation due to hit 10% and pay benefits failing to keep up with rising prices - but no extra help was announced in the Queen's Speech

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