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The Latest Breaking News from Inflation

Breaking Live 5 publishers covering this story in the last 6 hours

50m ago When growth is not enough: housing and inflation, Sánchez's key election challenges
2h ago Godrej Consumer expects high-teens revenue growth in Q2 despite inflationary pressures
2h ago Iran’s oil minister resigns as country’s economic crisis worsens
3h ago US stocks: Nasdaq hits record as megacap gains offset elevated Treasury yields
3h ago 'Trumpflation' Data Shows 10-Year Treasury Yields Hitting 5.18% as Energy Prices Surge 16 Percent

Hot summer weather buoys retail sales as inflation pressure continues

The BRC-KPMG retail sales monitor for July showed that total sales increased by 2.3% during the month.

The Independent UK · Aug 8, 2022

Hot weather and picnic food help boost UK retail sales

Inflation means the price of products is significantly higher than the same period last year, the BRC-KPMG retail sales monitor said

Birmingham Post · Aug 8, 2022

Rishi Sunak would target Whitehall savings to fund cost-of-living winter help

The former chancellor announced the approach as his leadership rival Liz Truss maintained she is committed to helping struggling families.

The Independent UK · Aug 8, 2022

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The Inflation Reduction Act Won't Meaningfully Address the Budget Deficit

Congress has added $2.4 trillion to the long-term deficit since President Joe Biden took office. Now they want credit for reducing the deficit by $300 billion?

Reason · Aug 8, 2022

There's Nothing Legacy-Defining About the Inflation Reduction Act

Plus: The editors consider the state of freedom in the U.S. compared with other developed nations.

Reason · Aug 8, 2022

Biden gets big economic win as inflation threatens legacy

WASHINGTON — President Joe Biden raised the final pillar of his economic agenda with the Senate’s passage of a breakthrough climate and tax package, sealing a legacy that risks being undermined by an inflation surge he’s blamed for sparking.

Tribune News Service · Aug 8, 2022

Macrovariable projections in uncertain times

International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments

The Hindu · Aug 8, 2022

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The fight for fiscal autonomy

The erosion of fiscal autonomy does not bode well for our federal structure and will thwart the growth of developed States

The Hindu · Aug 8, 2022

'Cancel the energy price cap increase', Lib Dem leader Ed Davey tells the Tories

Ed Davey accused the Tory leadership hopefuls, Rishi Sunak & Liz Truss of 'living in a parallel universe' as they have 'no idea' how to help families through what could be the toughest winter in decades.

Daily Mirror · Aug 8, 2022

A summer of discontent? Why public sector workers are preparing to strike in B.C.

Successful unionization drives targeting corporate employers like Amazon and Starbucks have been big news in 2022. But much larger scale collective action in the Canadian public sector may also be on the cards.

The Conversation · Aug 8, 2022

Truss and Sunak still haven’t grasped the magnitude of Britain’s cost of living crisis

Neither has an adequate plan – but a joint announcement of a generous package of help would boost confidence

The Guardian - UK · Aug 8, 2022

Spain issues energy bill update for British expats amid cost of living crisis

Spain's inflation rate hit 10.2 per cent in June, the highest level in 37 years and energy prices are rising. In a bid to help, Benidorm's over 65s have been offered support.

Edinburgh Live · Aug 8, 2022

Which Payment Stock Is Better for Your Portfolio? PYPL or V

Soaring inflation and the Fed’s constant effort to battle against it have largely affected consumer sentiment as the economy is expected to slip into a recession. However, with a shifting spending trend, Americans continue to spend on travel, retail, and technology. Therefore, payment stocks PayPal (PYPL) and Visa (V) could…

StockNews.com · Aug 8, 2022

5 Dividend Stocks to Get in on Until the Market Turns Around

Market uncertainty is widespread due to the increased odds of a recession amid the persistently high inflation and consecutive interest rate hikes. Moreover, additional rate hikes are likely in the coming months as the Fed tries to tame the multi-decade high inflation. Thus, we think buying dividend stocks Steel Dynamics…

StockNews.com · Aug 8, 2022

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Reason · Aug 8, 2022

The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist

Even Democrats are criticizing the bill's unrealistic expectations.

Chronicle Live · Aug 8, 2022

State pension is set to top £10k for first time ever next year

Pensioners are now in line to get a rise of £962 next year due to rising inflation - but a sea of rising costs mean they may not be much better off in real terms

StockNews.com · Aug 8, 2022

2 Winning Stocks to Pay Attention to This Week

Concerns over soaring inflation, the Fed’s aggressive interest rate hikes, the decline in GDP for two consecutive quarters, and a potential recession are expected to keep the stock market under pressure in the near term. Fundamentally sound and winning stocks Murphy USA (MUSA) and JAKKS Pacific (JAKK) could be good…

The Guardian - US · Aug 8, 2022

Democrats celebrate as climate bill moves to House – and critics weigh in

Bernie Sanders calls climate measures a ‘very modest step forward’ and Republicans denounce the bill altogether

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StockNews.com · Aug 8, 2022

3 Stocks to Avoid When the Fed Raises Interest Rates

The Federal Reserve’s aggressive policy tightening to tame the sky-high inflation has increased the borrowing costs for most businesses. Many analysts believe further aggressive rate hikes will push the economy into a recession. With the possibility of the Fed considering more extensive rate hikes based on solid economic data, Carvana…

Daily Mirror · Aug 8, 2022

Poorest Brits could be £1,600 a year worse off - even after cost-of-living payments

An out-of-work couple with two children could lose nearly £1,300, or £1,600 if higher inflation is taken into account, according to a new report

Reason · Aug 8, 2022

Democrats' Rejection of Permit Streamlining Resolution Doesn't Bode Well for Joe Manchin's 'Side Deal'

The West Virginia senator conditioned his support for the Inflation Reduction Act on reforming federal environmental review laws. His Senate colleagues don't seem so hot on the idea.

Radio France Internationale · Aug 8, 2022

Food insecurity hits hard in Kenya's urban and rural centres

Failed rains over two years, climate change, locust infestation, the Ukraine war and inflation are at the core of food insecurity in both the urban and rural centres of Kenya. The high cost of staple foods has made it difficult for Kenyans to eat their usual three meals a day,…

The Guardian - US · Aug 8, 2022

Biden’s landmark climate and spending bill – what’s in it, and what got cut?

The Inflation Reduction Act is a far cry from Biden’s original ambition, but it nonetheless represents victory for the president

StockNews.com · Aug 8, 2022

3 High-Yield Dividend Stocks for Income Investors

A strong July employment report might encourage the Fed to consider higher interest rate hikes despite expected moderate inflation for the month. So, the market volatility might increase further. Therefore, it could be wise to invest in high dividend-yielding stocks Natural Resource Partners (NRP), Sisecam Resources (SIRE), and Vodafone Group…

Reason · Aug 8, 2022

Senate Passes $740 Billion 'Inflation Reduction Act' That Will Probably Make Inflation Worse

Plus: Inside Trump's family separation policy, a Grammarly for government, and more...

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