The Latest Breaking News from Inflation

German govt not doing enough to help poor homes with inflation, says charity

The German government should create a 5.4 billion-euro ($5.40 billion) emergency relief package to cushion the blow of rising living costs on low-income households, a study said on Wednesday.

Reuters · Jul 13, 2022

Shoppers warned as Aldi, Tesco, Morrisons, Tesco and Sainsbury's all raise the price of milk

Price increase above the rate of inflation

Wales Online · Jul 13, 2022

Sri Lanka: Timeline of a Crisis

Sri Lanka is mired in a deep political and economic crisis, and on Wednesday, the country's president flew out of the country days after a huge crowd of protesters stormed his residence. The island nation of 22 million people has suffered months of lengthy blackouts, acute food and fuel shortages…

Asharq Al-Awsat · Jul 13, 2022

US inflation hits new 40-year high; euro dips below dollar for first time since 2002 – as it happened

Stocks fall after US inflation jumps to 9.1%, as UK economy grows faster than expected by 0.5% in May

The Guardian - UK · Jul 13, 2022

Asian markets rise ahead of US inflation data

Asian stock markets are higher as investors wait for U.S. inflation data some worry might lead to more interest rate hikes

The Independent UK · Jul 13, 2022

New Zealand's central bank lifts benchmark cash rate to 2.5%

New Zealand’s central bank has lifted its benchmark interest rate by half a percentage point to 2.5% as it attempts to curb inflation

The Independent UK · Jul 13, 2022

Oil Edges Higher; Market Wary of US Inflation Data

Oil edged up on Wednesday, a day after it fell through $100 a barrel for the first time since April, while traders looked towards US inflation data that could weaken the market. Brent crude futures were up 24 cents, or 0.2%, at $99.73 a barrel at 0325 GMT. US West…

Asharq Al-Awsat · Jul 13, 2022

Surging gas prices likely drove US inflation to 40-year high

U.S. inflation likely reached a new 40-year high in June, driven up by a spike in gas costs, more expensive food and rent, and pricier cars and hotel rooms

The Independent UK · Jul 13, 2022

RBNZ, Bank of Korea lift interest rates by 50 basis points again, RBA likely to follow

Central banks in New Zealand and Korea have pushed ahead with further super-sized interest rate rises as they attempt to tame rampant inflation.

ABC News · Jul 13, 2022

Bitcoin, Ethereum, Dogecoin Continue To Bleed: Analyst Points To Key Level To Watch For 'Oversold' Apex Coin

As investors await inflation data, Bitcoin and other major coins continue to tread red waters. The global cryptocurrency market cap declined 2.85% to $864.3 billion on Tuesday.

Benzinga · Jul 13, 2022