The Latest Breaking News from Inflation

Aldi named cheapest supermarket in UK

Shoppers are looking to save money as inflation hits 40-year high

The Independent UK · Jul 20, 2022

UK inflation surges to new 40-year high of 9.4%

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis

The Independent UK · Jul 20, 2022

UK inflation rise is worrying but Bank of England must not overreact

Analysis: Figure is being generated by factors outside Britain, and households and firms can do without burden of higher interest rates

The Guardian - UK · Jul 20, 2022

DWP rejects call to increase PIP and other disability benefits in line with inflation before next April

The rate of inflation rose to 9.4% in June from 9.1% in May.

Daily Record · Jul 20, 2022

Underwhelmed by government pay rises, UK's doctors, nurses and teachers mull strikes

Britain's nurses, doctors and teachers moved towards strike action on Wednesday, demanding wages keep pace with soaring prices as the government defended its decision to award below-inflation pay rises for public sector workers.

Reuters · Jul 20, 2022

Inflation soars to 9.1 per cent threatening savings, wages and family budgets

Experts warned that rising prices are “bad news for everyone”.

Daily Record · Jul 20, 2022

Editorial: Rebuilding after Build Back Better: Democrats can get mad, but they’d be better off looking for fresh victories

We can’t disagree with the anger aimed at Joe Manchin for dragging the Senate along for months before finally admitting there’s no pared-down version of a Build Back Better bill he will support after all. Manchin uses inflation as an excuse but simultaneously says he can’t countenance raising taxes on…

Tribune News Service · Jul 20, 2022

Congress says it is ‘cruel’ to impose GST on items of essential consumption in times of inflation

Congress general secretary Jairam Ramesh slammed FM Nirmala Sitharaman over her defence of the hike in GST rates on food items, alleging Modi government is penalising aspiration and a desire to buy more hygienically packed goods.

The Hindu · Jul 20, 2022

UK inflation rises to 40-year high of 9.4% as cost of living crisis spirals

Increase ‘driven by rising fuel and food prices’, ONS chief economist says

The Independent UK · Jul 20, 2022

FTSE 100 Live: Inflation at 9.4% adds to BoE pressure, Netflix upbeat

Surging fuel and food prices drove the UK inflation rate to 9.4% in June, the highest level in more than 40 years.

Evening Standard · Jul 20, 2022