The Latest Breaking News from Inflation

DWP state pension could hit £10,000 a year for first time

Payments will be boosted due to inflation

Liverpool Echo · Aug 10, 2022

US inflation falls to 8.5%, raising hopes price gains have peaked – as it happened

US stocks rally, dollar falls sharply after ‘rare pleasant surprise’ from consumer price report; UK ministers to meet energy bosses on Thursday to discuss cost of living crisis

The Guardian - UK · Aug 10, 2022

Asian stocks fall ahead of US inflation

Asian stocks have followed Wall Street lower ahead of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes

The Independent UK · Aug 10, 2022

EconThai calls for wage hike to be based on inflation rate

The Employers' Confederation of Thai Trade and Industry (EconThai) is urging the government to base the daily minimum wage calculation on inflation, not politically-motivated factors, as the Labour Ministry plans to enforce the new wage hike in October, which is sooner than originally anticipated.

Bangkok Post · Aug 9, 2022

Student loan interest rates cut again as inflation and cost of living soar

DfE says maximum rate in England and Wales will be fixed at 6.3%, having previously reduced it to 7.3%

The Guardian - UK · Aug 9, 2022

Public services need another £44bn by 2025 to cope with inflation, says IFS

Severe cuts to services feared as rising costs absorb a big chunk of increased departmental spending

The Guardian - UK · Aug 9, 2022

Government cuts student loan interest rates again amid rising inflation

Rates will be cut to 6.3% from September, having already been cut to 7.3% from 12% in June.

The Independent UK · Aug 9, 2022

Inflation could wipe out billions pledged for public services, warn experts

The Government’s spending plans are ‘considerably less generous’ than originally intended last autumn, a think tank has warned.

The Independent UK · Aug 9, 2022

CBA results drag down finance sector as ASX trades lower on international inflation nerves

Australian shares are trading lower on Wednesday, as investors await crucial inflation data out of the US. Data out of China has already showed that price hikes there are rising, too.

ABC News · Aug 9, 2022

MPC expected to raise interest rate Wednesday

The Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say.

Bangkok Post · Aug 9, 2022