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The Latest Breaking News from Inflation

Yellen says US recession not ‘inevitable’ but expects ‘economy to slow’

Treasury secretary says ‘inflation unacceptably high’ and it is Biden’s ‘top priority to bring it down’

The Guardian - US

Yellen: Recession not inevitable, gas tax holiday weighed

Treasury Secretary Janet Yellen says she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable

The Independent UK

TS tops in inflation rate in May

HYDERABAD

The Hindu

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UK government needs long-term plan for higher wages, not a fight with workers

While Boris Johnson plays politics, Britain’s public sector is fraying at the seams

The Guardian - UK

Inflation taking bite out of new infrastructure projects

Inflation is taking a toll on infrastructure projects across the U.S. Rising prices for materials such as asphalt, steel and iron pipes are driving up the costs to build roads, bridges, rail lines and water mains

The Independent UK

Families will need to find an extra £750 for food as inflation to last a year

One analysis says rising costs could go on longer than 12 months thanks to the war, the weather and Brexit

Wales Online

UK ‘leaderless but not powerless’ says former PM Gordon Brown

Speaking to BBC’s Sunday Morning, Mr Brown said rising inflation is a ‘global problem’ that needs ‘global solutions’.

The Independent UK

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Inflation is hitting LGBTQ+ Americans harder – smart employers can help

Almost two-thirds of LGBTQ+ people are living paycheck to paycheck and many say they face ‘unique’ challenges

The Guardian - US

Gordon Brown says government lurching from ‘crisis to crisis’ and predicts corporation tax hike scrap

Former PM issues warning over danger of ‘global recession’

The Independent UK

Strikes, inflation, slump... back to the 70s? More like the unwinding of Thatcherism

The current economic crisis might finally usher in a more equitable social model

The Guardian - UK

Cost of living crisis 2022: How to cope with the rise in prices

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

Teaching and NHS unions warn of strike action unless government improves pay offers

General sectretary of teaching union says it ‘cannot avoid ballot’ without significant pay increase

The Independent UK

Inflation pressures push Gold Coast business owners to raise prices

Inflation and the rising cost of living cause chaos for business owners and customers as coffee and vegies become the latest budget-breaking items.

ABC News

RBA's Lowe to expand on outlook views

Reserve Bank governor Philip Lowe will address a conference on Tuesday on Australia's economic outlook and monetary policy.

AAP

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The Guardian - UK

Crypto panic as digital assets follow share prices in a downward spiral

In the past week bitcoin has fallen 34% and Celsius has put a hold on withdrawals. Some fear the turmoil is far from over

The Independent UK

Thousands march in London to demand action over cost of living crisis

‘Don’t you dare shift the blame for inflation on to working people,’ TUC chief warns Boris Johnson

The Guardian - UK

New strike chaos as teachers and NHS staff warn of action over pay

Rail unions set to walk out on Tuesday, as clashes loom over public sector pay offers falling short of inflation

The Guardian - UK

We face a global economic crisis. And no one knows what to do about it

Central banks rode to the rescue of nervous investors for years. But now they are raising rates just as the world economy spirals downwards

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Daily Mirror

Cost of Living march: Protesters take to streets demanding action on skyrocketing prices

Huge crowds took part in the The We Demand Better march in central London this morning, carrying banners reading "cut war not welfare" and "end fuel poverty, insulate homes now"

The Independent UK

Cost of living crisis 2022: How to cope with the rise in prices

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

Workers cannot expect pay rises to keep up with soaring cost of living, Treasury warns

Chief Secretary Simon Clarke said pay claims to match inflation will simply push prices even higher

The Guardian - UK

Thousands march in London over cost of living crisis

Demonstration organised by TUC calls on government to make ‘better deal’ for people struggling to cope with soaring inflation

Asharq Al-Awsat

Stocks Waver, Oil Prices Fall on Recession Fears

Stock markets wobbled and oil prices sank on Friday amid growing fears that inflation-fighting interest rate hikes by central banks could trigger recession. Investors were shaken this week after the US Federal Reserve unleashed its biggest hike in borrowing costs for almost 30 years to tackle red-hot consumer prices, AFP…

The Times of India

Kolkata: Nightclubs to hike food rates by 15% from July

KOLKATA: Inflation is playing a party pooper. Literally.

ABC News

Australian agricultural land tipped to hold its value amid economic downturn

With whispers of a recession, interest rate hikes, and inflation, many in agriculture believe rural land will hold its value through the tough economic times ahead.

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