The Latest Breaking News from Inflation

Tumbling Gas Prices Caused Inflation To Fall to 8.5 Percent in July

Prices for food and housing continued to rise but were offset by lower gas and energy prices.

Reason · Aug 10, 2022

Is inflation finally on the decline in the US? It’s complicated

Economists say inflation possibly hit its peak, and there are signs the pressures behind it are easing – but it’s hard to say what’s next

The Guardian - US · Aug 10, 2022

1 Cruise Ship Stock Taking on Water Right Now

The skyrocketing inflation, rising borrowing costs, and recession fears are restricting cruise operators’ return to pre-pandemic levels. Amid this backdrop, the leisure travel company Carnival Corporation (CCL) is down more than 50% this year and might be best avoided now. Read on….

StockNews.com · Aug 10, 2022

Workers block road at Ineos Grangemouth oil refinery in pay dispute

Unofficial strikes held at several industrial sites across UK amid inflation and cost of living crisis

The Guardian - UK · Aug 10, 2022

US inflation falls to 8.5% in July but still close to multi-decade high

Gas prices drop sharply after a hitting a national average of $5 a gallon in mid-June

The Guardian - US · Aug 10, 2022

‘Greater insight’: ABS unveils monthly inflation reports as cost-of-living crisis bites

Households and the Reserve Bank will get a much closer look into when soaring inflation peaks later this year with monthly price reports coming.

The New Daily · Aug 10, 2022

Royal Mail strike 2022: Postal strike dates, why posties are striking and what they've been offered

Over 115,000 postal workers are due to strike for four days over August and September 2022, they've been offered a rise, but it comes with a catch

Chronicle Live · Aug 10, 2022

German FinMin pitches $10B tax cut plan to dampen inflation

Germany’s finance minister says the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation

The Independent UK · Aug 10, 2022

The UK’s cost of living support won’t protect the poorest – here’s what the government should do instead

UK households have faced unprecedented blows to their living standards in 2022. Home energy costs have more than doubled and are threatening to triple, the price of petrol has risen by more than half since the start of last year and overall price inflation is heading for double digits.

The Conversation · Aug 10, 2022

Admiral records solid interim profits and customer growth despite inflationary environment

Its 6.94m UK insurance customers were up 12% on the first half of 2021

Birmingham Post · Aug 10, 2022