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The Latest Breaking News from Inflation

Nigerian workers struggle as cost of living outstrips incomes

Food inflation in Nigeria increased by 15% during the 11 months from April 2021 to March 2022, adding pressure on the cost of living for salary earners whose incomes have not risen for close to three years.

The Conversation

Australian opposition targets inflation in campaign launch

Australia’s opposition party has officially launched its election campaign with an emphasis on cutting costs of living for voters as inflation surges to its highest rate in 21 years

The Independent UK

Economic downturn likely, the Institute of Directors warns

Cost of living crisis, inflationary pressures and uncertainty about Ukraine mean the UK’s pandemic rebound is running out of steam

The Guardian - UK

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Scotland suffering 'cost of living with Westminster crisis' amid stark Brexit report

SCOTLAND is suffering a “cost of living with Westminster crisis”, it has been claimed, after stark reports revealed the full impact of Brexit on…

The National (Scotland)

Cost of living crisis: PM's proposals to help drivers and parents cut back on costs

Liverpool Echo

Coalition criticises Labor’s housing policy because government could profit from price rises

Scott Morrison argues Labor is ‘looking to make money out of this’ as Anthony Albanese pledges to cut cost of some mortgages by up to $380,000

The Guardian - AU

Argy-bargy on wages

Being paid 340 baht a day, according to Suthichai Pongpinijkul, 26, is not a sufficient wage to live on.

Bangkok Post

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Profit warnings surge as cost inflation hits UK firms

A record 43% of listed companies who warned prices could be lower than anticipated said it is due to rising costs.

The Independent UK

Fees for university arts courses rise '113 per cent' as education drives inflation surge

Students in the arts and humanities are paying up to 113 per cent more for their university courses as the economic impact of the federal government's changes to fees kicks in, adding another layer of stress for students.

ABC News

Treasury gamble on households spending their pandemic savings to survive the cost of living crisis

Exclusive: Government has withheld financial support for squeezed households, thinking they could rely on savings, Whitehall sources say

The Independent UK

Paying for Harvard just got cheaper with decades-high inflation

Parents paying the full cost of Ivy League tuition bills are getting a little relief — and they can thank inflation.

Tribune News Service

Himachal Pradesh CM takes decision only after receiving call from BJP national president: Congress

SHIMLA: Himachal Pradesh Congress election campaign committee chairman and screening committee member Sukhwinder Singh Sukhu has made a scathing attack on chief minister Jai Ram Thakur led government. He said that present government has discriminated against Hamirpur in the matter of development.

The Times of India

Turkey’s Trade Deficit Widens Amid Efforts to Attract Hard Currency

Turkey’s trade deficit surged 75% year-on-year in March to $8.17 billion, mainly due to a 30.7% rise in imports, data showed on Friday. According to the Turkish Statistical Institute, exports climbed by 19.8% to nearly $22.71 billion versus imports of around $30.88 billion. Turkey has launched a new economic program…

Asharq Al-Awsat

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

The Guardian - US

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The Guardian - AU

Coalition pledges to cut medication costs; 53 Covid deaths – as it happened

Follow the day’s news live

Tribune News Service

Loan forgiveness starting at $10,000

WASHINGTON — The White House is considering forgiving at least $10,000 in student loans per borrower through executive action, according to people familiar with the matter, with momentum increasing as President Joe Biden seeks ways to bolster voter enthusiasm ahead of the November midterms.

ABC News

Jack Dempsey runs as independent as Hinkler voters rate federal election issues

A "safe" federal LNP seat has become an unexpected battleground where a former state government minister hopes to steal victory from his old party. Here are the issues voters say will matter most.

Bangkok Post

BoT: Economy still on the road to recovery

While higher inflation agitated Thais and slowed the country's economy in March, the outlook remains a path towards recovery, according to the Bank of Thailand.

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Bangkok Post

PM goes on price-rise defensive

A public outcry over the rising prices of consumer goods prompted Prime Minister Prayut Chan-o-cha to defend his government's policies which, he claimed, were better suited to dealing with the economic crisis than many other countries.

WEKU

Here are 3 reasons why stocks are tanking

Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.

The Guardian - AU

Clive Palmer’s campaign pledge to cap home loan rates ‘utterly irresponsible’, experts say

United Australia party plan to combat rising rates an ‘just an attention grabber’ and not genuine policy, critics say

The Guardian - AU

Locked out: housing has become a path to wealth, but renters have been left behind

Analysis: Graphs show the pressures felt by renters around Australia as major party policies on housing affordability stagnate

StockNews.com

Buy These 2 Bearish ETFs as the Fed Aggressively Tightens Rates in 2022

The Fed is expected to impose a double-sized rate hike next month to tame the raging inflation. The benchmark indices are down for the month. With bearish sentiment surrounding the broad market, we think these bearish ETFs, ProShares Short S&P 500 (SH) and ProShares Short QQQ (PSQ), might be solid…

StockNews.com

3 Gold Stocks to Scoop Up as Economic Uncertainty and Inflation Keep Increasing

The U.S. economy shrank 1.4% in the first quarter of 2022, and gold prices reacted positively to the news. As a safe-haven asset, gold demand has surged amid uncertainties surrounding the economy and stock market. Hence, we think gold stocks Gold Fields (GFI), Yamana Gold (AUY), and DRDGOLD (DRD) might…

Miami Herald

The Week Ahead: Picking up speed in hopes of slowing down

The Federal Reserve is widely expected to take a big step in the week ahead on its “expeditious march” to get its interest rate back to a more normal level.

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