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The Latest Breaking News from Inflation

Welcome to the Everything Everywhere All At Once economy

Is this the Everything Everywhere All At Once economy? City Editor Oscar Williams-Grut thinks so, and he makes a compelling case.

Evening Standard

UK Inflation Rate At 40-Year High: Report

The U.K.’s annual rate of inflation reached a 40-year high last month, the highest carried by an industrialized nation since the inflationary upswing began last year.

Benzinga

RBI opted for off-cycle rate hike to avoid tougher action in June: Shaktikanta Das

MUMBAI: Waiting for the scheduled monetary policy meet in June would have meant losing time and opting for a stronger action, RBI governor Shaktikanta Das told members of the MPC before they unanimously decided to go for an off-cycle hike in interest rate on May 4.

The Times of India

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Biden Vs. Bezos: Who's Right In Their Spat Over Inflation?

Amazon.com, Inc. (NASDAQ: AMZN) founder and executive chairman Jeff Bezos recently ripped President Joe Biden

Benzinga

‘I feel abandoned by the state’: UK pensioners on the cost of living crisis

Four Guardian readers talk about how they are trying to keep up with rising prices

The Guardian - UK

Mid-Morning Market Update: Markets Open Lower; Target Earnings Miss Views

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 400 points on Wednesday.

Benzinga

‘Summer of discontent’ on trains as pay fails to rise with inflation, union warns

Threat comes as Tube stike to hit key stations on Queen’s Jubilee weekend

The Independent UK

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SP, BSP allege BJP’s role behind Gyanvapi controversy

Mayawati, Akhilesh see bid to divert attention from basic questions such as inflation

The Hindu

New petition calling for DWP benefits to increase in line with inflation rate due official response

Inflation has risen to a 40-year high of 9% while benefits increased by 3.1% in April.

Daily Record

Inflation hits 40-year high: What was life like in Britain the last time things were so dire in 1982

Margaret Thatcher was PM, unemployment at its worst since the 1930s, the Falklands War broke out and ‘Come on Eileen’ was the year’s biggest-selling single

The Independent UK

Congress slams Modi government over inflation

India looks a lot like Sri Lanka, Rahul Gandhi tweets

The Hindu

Mr Kipling owner hikes cost of cakes amid cost of living crisis as inflation soars

The owner of cake brand Mr Kipling has warned that it will have to put up prices for shoppers, with brands Oxo, Sharwoods and Ambrosia also affected by the move

Daily Mirror

Pensioners set for £1,000 pay rise if triple-lock returns as inflation rockets

Inflation is set to hit 10.25 per cent by the end of the year, leaving people across the country struggling to buy common goods. With the planned re-introduction of the state pension triple-lock tied to inflation, this would also mean the biggest-ever pay rise for pensioners.

Daily Mirror

With inflation now at a 40-year high, what can households expect next?

Britons are now being hit with price rises across most essentials such as energy, fuel, food and clothing, and more cost pain is on the horizon.

Evening Standard

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Evening Standard

The Standard View: Ministers must tackle inflation urgently

That it was predicted makes it no less painful. Inflation has hit a 40-year high, driven largely by soaring fuel costs. And prices are set to rise further still. Figures from the Office for National Statistics show inflation reached nine per cent in April, its highest level since 1982. The…

Wales Online

UK house prices rise by £24,000 in a year with Wales seeing the biggest spike

And there's a new county hot spot where price increases have been the highest and another record breaking national average

The Independent UK

Independent food banks ‘desperately worried’ following ‘alarming’ inflation rise

Providers are supporting growing cohort of first-time food bank users, people struggling while in work, and an increasing number of children.

The New Daily

‘Devastating’: Households suffer biggest real pay cut since 2001

Australian households are suffering the worst cost-of-living squeeze in more than two decades, with real wages falling at the fastest pace since 2001.

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The Independent UK

Keir Starmer taunts Boris Johnson that he ‘can’t make his mind up’ on windfall tax, as he ducks pleas to act

Prime minister says he is against rising taxes – but then agrees to look at ‘all sensible measures‘

Al Jazeera

Hassan Mohamud: The second coming of Somalia’s new president

The new president will have to tackle insecurity, rising inflation, severe drought – and reunite a fractured government

Wales Online

Three TV channels and shops shut on Sundays - life in 1982 when the cost of living was last as high as it is now

Margaret Thatcher was PM and unemployment stood at 10.4%

Evening Standard

London house prices rise but ‘frightening level of inflation’ and cost of living crisis likely to dampen market

The average price of a house in London is now £523,666, after prices rose by 4.8 per cent in the year to March

The Independent UK

Inflation hits 9%: How does it impact your finances?

Around nine in 10 (87 per cent) of adults in Britain have reported their cost of living increased in March alone

Evening Standard

London politics latest: Boris Johnson accused of having ‘head in sand’ on cost of living as pressure grows for windfall tax

Labour leader Sir Keir Starmer has urged the Prime Minister to stop the “hokey-cokey” and back Labour’s plan to bring in a windfall tax on energy firms at PMQs.

Wales Online

Brits warned of 'relentless' food price increases for meat and milk

Latest figures show how much more you're spending on food and outside the home

1 … 965 966 967 968

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Hassan Sheikh Mohamud

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