The Latest Breaking News from Inflation

Real wages suffer worse plummet on record as cost of living crisis hammers UK

UK workers are suffering 'the worst pay squeeze in modern history' after regular wages plunged 2.8% compared to inflation - outstripping the last financial crash

Daily Mirror · Jul 19, 2022

UK living standards fall at record rate as inflation soars

Number of people in employment rises but cost of living crisis worsens as pay fails to keep pace with prices

The Guardian - UK · Jul 19, 2022

Lidl and Aldi reach record market share as grocery price inflation hits 9.9%

Budget retailers Lidl and Aldi have hit a combined market share of 16% as shoppers search for more affordable brands amid soaring grocery inflation.

Evening Standard · Jul 19, 2022

Inflation is 2022’s boogeyman. How can we address rising living costs, while helping bring it down?

An entire generation has never experienced life with high inflation. But that is set to change. Countries like Australia, Canada, the United Kingdom and others are reporting rising inflation. In New Zealand, inflation has climbed to its highest rate in 32 years. Our collective inexperience with the scourge of inflation,…

The Conversation · Jul 19, 2022

With inflation rising in Australia, an uncomfortable truth is we waste a lot of what we have

Buying less may not directly translate into GDP. But it would have benefits for our planet and ease some of the supply-side inflationary pressures

The Guardian - AU · Jul 19, 2022

Most Americans believe a recession on the horizon. Here’s how experts say to prepare for one

Seven in 10 U.S. consumers see an economic downturn ahead, assuming one hasn’t already started. But awareness doesn’t equal preparedness — two in three admit they aren’t ready for what they think is coming, according to a survey from MagnifyMoney, a personal finance website.

The Denver Post · Jul 19, 2022

Global economy to hit Thai tourism

The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.

Bangkok Post · Jul 18, 2022

Senate NDAA has $13 billion extra for defense inflation - Roll Call

The Senate Armed Services Committee recommended $45 billion more for national defense in fiscal 2023 than President Joe Biden requested.

Roll Call · Jul 18, 2022

Mortgages set to rise with fears interest rates could top 2% to keep inflation under control

The warning comes from Michael Saunders a member of the Bank’s rate-setting Monetary Policy Committee, who claimed aggressive action was needed now

Chronicle Live · Jul 18, 2022

3 No-Brainer Stocks to Buy as Inflation Spikes

Inflation spiked last month to hit a fresh 40-year high, increasing the odds of a recession as the Fed will need to raise interest rates aggressively to bring prices down. Amid the high inflationary environment and a potential recession, it could be wise to invest in defensive stocks Procter &…

StockNews.com · Jul 18, 2022