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The Latest Breaking News from Inflation

Dollar o’clock: Should Zimbabwe axe its faltering currency again?

The southern African state once adopted US dollars as legal tender when hyperinflation rendered its currency worthless.

Al Jazeera

ChipMOS Clocks 4% Revenue Growth in Q1; Margin Expands Amid Inflation, Supply Chain Woes

ChipMOS TECHNOLOGIES INC (NASDAQ:IMOS) reported first-quarter FY22 revenue growth of 4% year-on-year to $235 million. Revenue decreased by 1% Q/Q. The gross margin expanded 80 bps amid global inflation and supply chain constraints. Net non-operating income was $8 million versus $0.9 million a year ago. Earnings per basic ADS were $1.18 versus $0.92…

Benzinga

Sainsbury's online shoppers furious over new £80 delivery charge

Customers took to Twitter to complain about the hiked up fee

Manchester Evening News

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What the Bank of England’s base rate rise means – in numbers

The interest rate going up to 1% has implications for borrowers and savers. Here’s how it could affect you

The Guardian - UK

The Satanic Temple: If Christians Can Raise Flag at Boston City Hall, We Can Raise Ours Too

Plus: The push to abolish the Senate, Feds hike interest rates by 0.5 percent, and more...

Reason

Will my mortgage go up? What the Bank of England interest rate rise means for you

Interest rates have hit 1% - their highest level for 13 years

Wales Online

Simple ways to review your finances and boost cashflow in time for summer

Take a deep dive into your finances to make sure you know where your money is going.

Daily Record

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Interest rates: What are they and how do they affect inflation?

The Bank of England has raised interest rates to their highest level in 13 years

The Independent UK

Falling jobless rate is set to complicate Fed’s inflation fight

The U.S. unemployment rate probably fell to 3.5% in April, matching the lowest reading since the 1960s, and many economists expect it to keep declining — potentially complicating the Federal Reserve’s fight against inflation.

Tribune News Service

Recession: the price Britain will pay to control inflation

Analysis: As the Bank of England raises interest rates the message is clear – the 1970s are back

The Guardian - UK

More Americans apply for jobless aid last week

More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years

The Independent UK

Price of fertilizer on the steep rise — farmers unsure who, what's to blame

Dion Letcher's family has run a fertilizer business in Garden City, Minnesota, on the flat plains south of Mankato since the Eisenhower administration. Letcher is still not sure how to explain the accelerated costs of the chemical nutrients farmers use to feed corn and soybeans.

Tribune News Service

Alarm for cost-squeezed firms as interest rates hiked to 1%

Rising costs will hammer household and business finances, but the Bank said “this was something monetary policy was unable to prevent”.

Birmingham Post

Bank of England hikes interest rates and issues recession warning

UK interest rates have been raised amid warnings the economy will go into reverse and that inflation will peak at more than 10.

The National (Scotland)

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Wales Online

The one message everyone wants to send to the UK government minister who says people can manage their budgets by buying value brands

Environment Secretary George Eustice, who earns £150,000 a year, advised those struggling with the rising cost of living to buy cheaper food

Manchester Evening News

Interest rates soars to 13-year high as Bank of England warns energy bills will soon hit £2,800

It is a crippling cost of living crisis

Daily Record

Bank of England warns of recession in UK as interest rates hiked to 1%

The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter.

The Independent UK

How will the Bank of England base rate rise affect you?

The rate has been hiked to a level not seen since 2009.

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Liverpool Echo

Martin Lewis calls 'bulls***' on 'patronising' suggestion for UK shoppers

A Cabinet minister suggested consumers should swap to value brands as the cost-of-living crisis continues to bite

Liverpool Echo

Martin Lewis explains what new interest rates mean for savers and homeowners

The Bank of England has increased interest rates to 1%

Evening Standard

Bank of England warns of recession and says inflation will hit 10%

Inflation will top 10% by the end of the year, the highest rate since 1982, the Bank of England warned today.

Daily Mirror

Bank of England warns energy bills will hit £2,800 and inflation will surge to 10%

The cost of living will hit a record high this year, the Bank of England is warning, with inflation due to hit 10% and the price of energy bills and food likely to keep rising

Evening Standard

Interest rates raised to 1% by Bank of England - the highest rate in 13 years

The rise tightens the cost-of-living squeeze for Londoners and has been described as a ‘bitter blow’

The Independent UK

Bank hikes rates to 1% and warns cost crisis will send economy into reverse

Members of the Bank’s nine-strong Monetary Policy Committee voted 6-3 to increase rates from 0.75% to 1%, the highest level for 13 years.

Wales Online

Bank of England raises interest rate to 1% - a 13-year high

The change will mean higher mortgage costs and increased charges for anyone in debt or who is borrowing

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