The Latest Breaking News from Inflation

Hundreds of Amazon workers down tools at Essex warehouse over ‘pathetic’ 35p an hour pay rise

Pay protest comes as inflation is expected to peak at 13% this year

Evening Standard · Aug 4, 2022

Long-term mortgage rates under 5% for 1st time in 4 months

The average long-term U.S. mortgage rate fell below 5% for the first time in four months this week, just after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control

The Independent UK · Aug 4, 2022

Bank of England raises interest rates in bid to tame inflation

UK’s central bank hikes key interest rate to 1.75 percent, its highest level since 2008, and warns of recession ahead.

Al Jazeera · Aug 4, 2022

Ofgem confirms energy price cap to be reviewed every three months as inflation predicted to hit 13.3%

Energy bills are not expected to start coming down until then end of 2024 or early 2025.

Daily Record · Aug 4, 2022

Inflation rates are rising in the US – an economist explains why

Consumer prices in the U.S. are rising due to inflation at the fastest rate they have in decades. Earlier this summer, SciLine interviewed Martha Olney, a teaching professor emerita of economics at the University of California, Berkeley, about what’s causing prices to rise and what the government can do to…

The Conversation · Aug 4, 2022

The UK is facing the worst recession since the financial crisis, warns the Bank of England

UK faces a bleak year as living standards plunge and inflation is set to hit 13% and the UK faces the longest economic downturn since the 2008 financial crisis

Wales Online · Aug 4, 2022

Advocates: Senate bill means environmental health, also harm

Billions of dollars in climate and environment investments from the Inflation Reduction Act could flow to communities in the United States that have been plagued by pollution and climate threats for decades

The Independent UK · Aug 4, 2022

Bank of England says UK to enter recession lasting more than a year with inflation hitting 13.3%

The Bank has stated that the UK's "growth is very weak by historical standards"

Manchester Evening News · Aug 4, 2022

As recession looms, the Bank of England’s independence is under threat

Analysis: The monetary policy committee has been accused of being asleep at the wheel amid cost of living crisis

The Guardian - UK · Aug 4, 2022

Bank of England hikes rates as it predicts 13% inflation and long recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

The Guardian - UK · Aug 4, 2022