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The Latest Breaking News from Inflation

More unemployment next year than in pandemic, experts predict, as inflation set to top 13 percent this year

The latest figures out today show a 0.1 percent rise in unemployment over the last three months - but it's a sign of things to come

Manchester Evening News · Aug 16, 2022

Govt readies B150bn loan guarantee for oil fund

The cabinet on Tuesday approved a law to guarantee up to 150 billion baht (US$4.23 billion) in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and media reports.

Bangkok Post · Aug 16, 2022

Biden hails ‘biggest step forward on climate ever’ as he signs Inflation Reduction Act – as it happened

White House hopes climate and healthcare plan will mark turning point for Biden’s presidency and boost Democrats in the midterms

The Guardian - US · Aug 16, 2022

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Next US energy boom could be wind power in the Gulf of Mexico

With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power.

The Conversation · Aug 16, 2022

London can’t afford soaring Tube fares pegged to inflation

THERE are only so many ways the Government can intervene directly to address the increase in the cost of living, but one of them is crucial for anyone living or working in London. It is the price of travel. The settlement for annual fares increases is normally based on the…

Evening Standard · Aug 16, 2022

Ramesh Ponnuru: Biden's no FDR. He's not even Obama

Democrats have every right to be pleased that they passed another big spending bill, but a lot of them are getting carried away. Longtime Democratic consultant Robert Shrum celebrated the momentum behind the passage of the so-called Inflation Reduction Act by tweeting, “Biden is the most legislatively successful President since…

Tribune News Service · Aug 16, 2022

North East policy leaders warn of 'difficult times' for firms and communities as unemployment figures are published

'Without intervention, we can expect a difficult economic situation,' North East LEP CEO Helen Golightly warns

Birmingham Post · Aug 16, 2022

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Four economists on ways to tackle UK cost of living crisis

Political leaders from all major UK parties have put forward proposals to relieve the cost of living crisis this winter

Wales Online · Aug 16, 2022

Rishi Sunak: Next PM must protect the pounds in workers’ pockets

Commuters face huge year-on-year hikes in train fares unless “eye-watering” inflation is brought under control, Rishi Sunak warned on Tuesday.

Evening Standard · Aug 16, 2022

Thousands of Nationwide staff to receive £1,200 bonus payment to help with cost of living

The one-off payment will be for staff at the building society who earn £35,000 or less a year

Birmingham Post · Aug 16, 2022

Exactly how much of a pay rise you would need today to keep up with inflation

Those working in construction would need to see a pay rise of £3,074, the average nurse would need an additional £3,138 per year and the average teacher needs to earn £3,331 more

Wales Online · Aug 16, 2022

Sadiq Khan: Ministers must not link Tube fares to soaring inflation

Ministers must recognise Londoners are worried how to make ends meet, Sadiq Khan says

Evening Standard · Aug 16, 2022

GMB Union slams Amazon pay offer as 'joke' as inflation drives record wage slump in UK

New figures from the Office for National Statistics show pay is failing to keep up with the cost of living

Birmingham Post · Aug 16, 2022

Why are gas prices still high despite oil getting cheaper – and what will happen next? Energy expert Q&A

While thermometers have been well into the red across the northern hemisphere, people are panicking about the cost of energy bills once winter starts to bite. According to the latest forecasts in the UK, the minimum price cap for households’ electricity and heating costs is set to more than double…

The Conversation · Aug 16, 2022

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Evening Standard · Aug 16, 2022

Best ‘safe haven’ investments

Looking for alternatives to volatile markets? We’ve taken a look at the best safe haven investments offering lower risk than stocks and shares.

Daily Record · Aug 16, 2022

Shoppers face £533 increase on food as grocery bills rise at fastest rate since 2008

Research firm Kantar has revealed grocery price inflation jumped to 11.6% for the four weeks to August 7.

Evening Standard · Aug 16, 2022

Homeowners warned interest rates could rise by further 0.5% next month

Millions of homeowners were warned on Tuesday that the Bank of England’s monetary policy committee could raise interest rates by a further 0.5 per cent next month - hiking their mortgage payments.

Evening Standard · Aug 16, 2022

Best funds to beat inflation

We’ve identified the five best funds for investors with different risk profiles to consider at a time when inflation is running hot.

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Evening Standard · Aug 16, 2022

Drought will push food prices even higher, warns supermarket boss

Britain’s drought is going to push up food prices even higher than the 11.6 per cent rise costing shoppers more than £530 extra a year, a supermarket boss warned on Tuesday.

The Guardian - UK · Aug 16, 2022

Annual grocery bills in Great Britain will soar by £533, experts predict

Basics such as butter, milk and poultry show biggest increases in figures from market research group

The Hindu · Aug 16, 2022

Wholesale price inflation slips below 14% for the first time since February

Fuel and power inflation resurge in July; diesel inflation at 72.4%

Tribune News Service · Aug 16, 2022

For medically vulnerable families, inflation’s squeeze is inescapable

ROSAMOND, Calif. — Deborah Lewis rose from bed before dawn and signed in to her phone so she could begin delivering fast food, coffee, and groceries to residents in this western patch of the Mojave Desert where test pilot Chuck Yeager broke the sound barrier generations ago.

Tribune News Service · Aug 16, 2022

Editorial: The Inflation Reduction Act is key: In praise of its sweeping investments and deficit reduction

One of the most important features of the Inflation Reduction Act — which makes massive investments in renewable energy to curb climate change, drives down prescription drug costs and more — is what it is not: an irresponsible spending spree pushing up the federal deficit.

Tribune News Service · Aug 16, 2022

Commentary: Stop scapegoating the IRS

The ink is barely dry on the recently enacted Inflation Reduction Act, which allocates $80 billion over 10 years to help modernize IRS technology systems and provide more effective tax enforcement and collection. Yet already, Republican critics like Sen. John Thune of South Dakota are complaining that the needed funds…

The Times of India · Aug 16, 2022

WPI inflation eases to 13.93% in July from 15.18% in June

NEW DELHI: The wholesale price-based inflation eased to 13.93 per cent in July on easing prices of food articles and manufactured products.

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