The Latest Breaking News from Inflation

If you think inflation is bad here, Turkey has us beat

Inflation in European nation has reached eye-watering levels

Wales Online · Aug 3, 2022

How high will interest rates go? It depends on how much we spend

Australians are buying fewer groceries and household goods as soaring prices and rising mortgage rates squeeze everyone from workers to retirees.

The New Daily · Aug 3, 2022

Half a million facing mortgage timebomb as London homeowners hit with 0.5% interest rate rise

Worst payment hikes in London and South-East as fixed deals end

Evening Standard · Aug 3, 2022

Turkish Inflation Hits Almost 80%, Peak Might Be Near

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira's continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts. Inflation began to surge last autumn, when the lira slumped after the…

Asharq Al-Awsat · Aug 3, 2022

In Sri Lanka, inflation means food shortages, blackouts — and days-long lines for gas

Sri Lanka offers a cautionary tale for countries struggling with inflation. Anger over fuel lines spilled into the streets and toppled a government. Will nationalism surge, or unity prevail?

WEKU · Aug 3, 2022

The Inflation Reduction Act and Your Taxes: What to Know for 2025

The Inflation Reduction Act increased IRS funding, changed tax policy, and offered new and expanded tax credits.

Kiplinger · Aug 3, 2022

Binders, backpacks... and inflation are on this year's back-to-school shopping list

This year's back-to-school shopping season lands in the middle of the highest inflation in four decades — how will this affect spending?

WEKU · Aug 3, 2022

Commentary: As Americans reel from stagflation, Manchin pitches tax hikes

Stagflation is here. Inflation notched a fresh 40-year high of 9.1 percent in June, and the economy shrank in the first and second quarters of the year.

Tribune News Service · Aug 3, 2022

Commentary: It’s time to raise the federal minimum wage

Inflation is a big problem these days. Prices are rising for everything from bacon to rent to hotel rooms. And while the Federal Reserve announced aggressive measures to curb costs last week, not all economists believe this is the best approach for helping working people.

Tribune News Service · Aug 3, 2022

Editorial: It’s not time to panic — yet — about the nation’s economic woes

Any good financial adviser will tell his novice clients to refrain from checking the stock market every day to see how their investments are doing. It’s the long term that counts, not the volatility of daily buying and selling on the exchanges. That same caution should be applied to trying…

The Philadelphia Inquirer · Aug 3, 2022