The Latest Breaking News from Inflation

Nepal calls November election as economy stumbles

Nepal's government said on Thursday it will hold a parliamentary election on November 20 amid concerns over high inflation and depleted foreign exchange reserves that have led to rising food and energy prices.

Reuters · Aug 4, 2022

Rishi Sunak attacks Truss tax cut plan after big interest rate rise

Chancellor Nadhim Zahawi said to be on holiday as Bank of England adds to dire economic outlook

The Guardian - UK · Aug 4, 2022

UK interest rate rise: what the Bank of England's historic hike means for your money

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant…

The Conversation · Aug 4, 2022

Tesco and Morrisons hit by ‘shrinkflation’ as ready meals cut by 50g while prices go up

Move comes as UK inflation surges to 40-year high

The Independent UK · Aug 4, 2022

Rishi Sunak attacks Liz Truss' tax cut plans ahead of debate

The Tory leadership hopefuls are set to battle it out in a live TV debate on Thursday

Liverpool Echo · Aug 4, 2022

As Bank of England interest rates hit new high, how do interest rates affect inflation?

The interest rate set by the Bank of England affects mortgages, loans, and savings.

Evening Standard · Aug 4, 2022

Liz Truss threatens to interfere with Bank of England mandate after policy disagreement

Tory leadership frontrunner has taken issue with Bank policy on interest rates

The Independent UK · Aug 4, 2022

Join us LIVE as we explain what biggest interest rate rise in 27 years means for you

The Bank of England is expected to hike interest rates again this afternoon - from 1.25% to 1.75% - in what would be the biggest rate rise announced by the central bank in almost 30 years

Daily Mirror · Aug 4, 2022

Bank of England likely to raise interest rates — maybe a lot

The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine

The Independent UK · Aug 4, 2022

Next Plc basking in strong sales thanks to long hot summer

But there was a warning that sales could slip as warm weather subsides and soaring inflation hits consumer spending

Birmingham Post · Aug 4, 2022