The Latest Breaking News from Inflation

White House braces country for hot consumer inflation report

Annual headline inflation is forecast to increase to 8.8% for June, up from 8.6%.

Axios · Jul 12, 2022

The Fed risks looking backwards on inflation

This focus on inflation in the recent past could mean ignoring signs that inflation is already on track to come down.

Axios · Jul 12, 2022

PMGKAY and other tailor-made schemes saved poor from impact of inflation: Finance minister

NEW DELHI: Government's tailor-made programmes, including the Pradhan Mantri Garib Kalyan Yojana (PMGKAY), played a key role in saving the poor and vulnerable section from the impact of inflation, finance minister Nirmala Sitharaman said on Tuesday.

The Times of India · Jul 12, 2022

Govt watchful of price situation; pointed attack on inflation to continue: Finance minister

NEW DELHI: With consumer price inflation remaining high, finance minister Nirmala Sitharaman on Tuesday said the government is watchful of the price situation and will continue the pointed attack on inflation.

The Times of India · Jul 12, 2022

Biden administration tries to get ahead of red-hot inflation report - Roll Call

White House officials launched a defensive strike Tuesday against what they expect will be another month of soaring inflation.

Roll Call · Jul 12, 2022

Lurpak owner warns price will go beyond current £7.25 - with threat of shortages

With prices soaring at supermarket tills, shoppers are being told to expect more cost increases for milk, cheese and butter by the owner of Lurpak and Cravendale

Daily Mirror · Jul 12, 2022

Euro slumps to parity with dollar amid recession fears on Continent

At its lowest point the European currency was down 0.64 of a cent at exactly $1.00

Evening Standard · Jul 12, 2022

At above 7%, retail inflation stays stubborn

Food price inflation, as per the Consumer Food Price Index, eased to 7.75%, from 7.97%, but remained above 8% in urban areas, at 8.04%.

The Hindu · Jul 12, 2022

Retail inflation at 7.01% in June as against 7.04% in May

NEW DELHI: India's retail inflation based on consumer price index (CPI) stood at 7.01% in June, data released by government showed on Tuesday.

The Times of India · Jul 12, 2022

Sunak hits out at ‘not credible’ tax cut offers, as Johnson loyalists oppose him

The former chancellor said he would only cut taxes ‘once we’ve gripped inflation’.

The Independent UK · Jul 12, 2022