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The Latest Breaking News from Inflation

Explained: Why Tata Steel, JSW, SAIL & other metal stocks crashed today

NEW DELHI: The decision to hike export duty on iron ore and few steel intermediaries has dampened spirits of local manufacturers.

The Times of India

Thrifty woman swaps to ‘yellow-sticker shopping’ to cook meals for less than £1

Therapist Clare Rice, 33, says she and her partner Shaun Guillan, 34, who works in customer support, eat like kings on a tiny budget, but it requires a lot of extra work

Daily Mirror

Nepal raises retail fuel price, stoking inflation fears

Nepal's state-owned oil company has hiked the retail prices for fuels, including petrol and cooking gas, by up to 12.5% because of rising global oil prices, an official said on Monday, stoking concerns consumer inflation will be further pushed up.

Reuters

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Costs for UK families with two children rises by £400 a month

Households experience faster inflation than official statistics indicate, analysis suggests

The Guardian - UK

House prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The Independent UK

The Bank of England is steering us straight into a terrifying iceberg

Andrew Bailey, the Governor of the Bank of England, admitted last week that “to forecast 10 per cent inflation and to say there isn’t a lot we can do about it is an extremely difficult place to be… This is a bad situation to be in.” It’s the sort of…

Evening Standard

How to cope with the rising cost of living

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

The Independent UK

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Economists are marking down growth forecasts — and that's good news

Slower growth is needed to help cool inflation.

Axios

Where to get more for your holiday money ahead of summer rush to the sun

Pound has surged in value against several foreign currencies in the past two years with Turkey offering the best exchange deals

Wales Online

Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

Reuters

After $5 trillion rout, emerging markets seek turnaround signal

The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors.

Bangkok Post

Warning to over-55s: don’t raid your pension pot to cope with inflation

As the cost of living soars, retirement savings are being viewed as a means of settling bills. We list reasons why this should be avoided

The Guardian - UK

Couple live half the week off 85p Tesco frozen dinners as cost of living crisis hits home

'We have been struggling to pay for things'

Wales Online

Savvy cook 'cheats' rising food prices with £1 meals using yellow sticker items

Clare Rice says she and partner Shaun Guillan eat like kings on a tiny budget

Wales Online

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The Independent UK

Asian shares mixed as Wall Street hovers near bear market

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday

Daily Record

Iain Duncan Smith calls for DWP benefits to rise by £729 in line with inflation

The proposal would see claimants receive an average of £729 extra over the coming year and first uplift by end of next month.

The Times of India

RBI governor Shaktikanta Das says central bank wants to hike rates in next meetings

NEW DELHI: India’s economic leaders are undertaking a coordinated attack on inflation, with fiscal and monetary authorities seeking to slow price increases and blunt the impact of higher costs on consumers.

Wales Online

Chancellor told to make £729 payment in June for people on Universal Credit

Experts also want an increase in how much people on Universal Credit can earn

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The Guardian - US

Biden pitches Democrats as saviors for US economy ahead of midterm elections

Amid unyielding criticism from Republicans, Biden warns as bleak as it seems now, Republican control of Congress would be worse

Insider UK

Employment Minister urges Scots to be 'sensible' over pay

He warned that if people 'take wrong decisions we could end up with a recession'

Asharq Al-Awsat

Asian Markets Mixed as Inflation Fears Weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank. Wall Street ended the…

Reuters

Biden says weighs reducing tariffs on China, asking OPEC to pump more oil

U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.

The Guardian - UK

UK inflation: what it means for house prices, savings and pay rises

We answer readers’ questions about how the rise in cost of living will affect them

The Independent UK

Trump under fire for sharing post ‘calling for civil war’ over US inflation

The tweet from El Salvador’s president was shared as a screenshot on the Truth social site by former Fox Nation host Lara Logan

The Independent UK

Asian shares mixed after Wall St barely misses bear market

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday

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