The Latest Breaking News from Inflation

The RBA is increasing interest rates to counter inflation – but it will also slow wages growth

Combined with major price increases on essential items, the RBA’s policies will deliver a brutal whack to lower-income households

The Guardian - AU · Jul 27, 2022

Train drivers to strike next month as industrial action causes travel chaos

Aslef announced its members will walk out on Saturday August 13.

The Independent UK · Jul 27, 2022

Is Real Estate a Hedge Against the Stock Market?

With inflation quickly approaching all-time highs and a stock market showing zero consistency, many investors are looking for the best opportunity and safety valve to hedge investments and ride the storm.  Real estate investing is an option that many investors consider. 

Benzinga · Jul 27, 2022

Why a universal job guarantee beats the basic income pipe dream

With the current cost-of-living crisis resulting in dramatic inflation, higher interest rates and a looming recession, people have been searching for solutions to the economic crisis. A universal job guarantee may just be the answer we’re looking for, especially since Canada lost 43,000 jobs in June.

The Conversation · Jul 27, 2022

Double-digit price hikes help Heinz and Reckitt deliver sales jump

Dettol maker says customers willing to accept increases on branded items, and that further rises on the way

The Guardian - UK · Jul 27, 2022

Fed announces another big interest rate hike to thwart inflation. When will it stop?

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another three-quarters of a percentage point hike and signaled that it wasn’t done in its effort to beat back inflation despite rising risks of triggering a recession.

Los Angeles Times · Jul 27, 2022

Battling to tamp down inflation, Fed gears up for another big interest rate hike

The Federal Reserve is expected to announce Wednesday another aggressive interest rate increase as the central bank presses its attack on inflation despite rising risks of triggering a recession.

Los Angeles Times · Jul 27, 2022

This is how much taxi fares in Rhondda Cynon Taf are set to increase

A two mile journey for up to four people in the daytime will go up from £5.20 to £5.80

Wales Online · Jul 27, 2022

Inflation is spiking in Zimbabwe (again). Why high interest rates aren't the answer

The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%. This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher, exacerbating inflation in many countries around the world, including Zimbabwe.

The Conversation · Jul 27, 2022

Baked beans, ketchup and salad cream prices set to rise as inflation hits Kraft Heinz

Prices on some products in the Kraft Heinz portfolio have already been raised by more than 12% this latest quarter. 

Evening Standard · Jul 27, 2022