The Latest Breaking News from Inflation

US adds 372,000 jobs in June as growth exceeds expectations

US unemployment rate held steady at 3.6%, labor department said, as jobs report indicated resilience

The Guardian - US · Jul 8, 2022

The Gold Price Has Plummeted in a Matter of Days. Now What?

The gold price plummeted back below $1,800 an ounce, apparently oblivious to the signs of economic distress that are appearing. Instead, gold appears hyper-focused on the soaring U.S. Dollar Index, which rose to 107.15 on Thursday.

Benzinga · Jul 8, 2022

Analysts Just Issued Upgrades on These 4 Buy-Rated Stocks

The blistering inflation and rising recession odds have led to low consumer sentiment. And the market volatility is expected to remain in the near term. So, we think fundamentally solid stocks Lamar Advertising (LAMR), EPR Properties (EPR), Merck & Co. (MRK), and Tenaris (TS), which analysts recently upgraded, could be…

StockNews.com · Jul 8, 2022

US economy adds 372,000 jobs amid concerns about inflation

The unemployment rate remains at 3.6 per cent but unemployment for Asian workers jumped by 3 per cent.

The Independent UK · Jul 8, 2022

F1 agrees to budget cap increase for 2022 amid inflation pressure

The Formula 1 Commission has agreed to a small increase in the budget cap for the 2022 season due to the global financial climate and increasing inflation rates.

Motorsport · Jul 8, 2022

First Direct offers 10-year, fixed-rate mortgage to help homeowners cope with inflation

Offer capped at £550,000, enough to cover average London house price of £547,000

Evening Standard · Jul 8, 2022

Thailand Post raising rates as inflation bites

Thailand Post raised prices for domestic letter and parcel deliveries this week, the first such move by the state enterprise in 18 years, as the country’s inflation rate has accelerated to a 14-year high.

Bangkok Post · Jul 8, 2022

Egypt Registers Primary Surplus of $5.2 Billion

Egypt registered a primary surplus of EGP98.5 billion ($5.23 billion) in the 2021/22 financial year to June 30, the country’s finance ministry said on Thursday. The overall budget deficit stood at 6.1% of GDP, the statement added. Meanwhile, Egypt’s annual urban consumer inflation slowed to 13.2% year-on-year in June from…

Asharq Al-Awsat · Jul 8, 2022

‘Sacred Duty’: Inflation Eats Into Turkey’s Muslim Feast

With inflation in Turkey galloping, the sheep Gul Er buys every year for the Muslim festival of sacrifice in Istanbul looks agonizingly out of reach. Prices have doubled or even tripled since President Recep Tayyip Erdogan began an unorthodox economic experiment last year that has seen Turks' living standards suffer.…

Asharq Al-Awsat · Jul 8, 2022

Britain’s energy price cap heading for £3,300; US jobs report eases recession worries – as it happened

Cornwall Insight predicts UK energy cap will rise to £3,363 a year in January, as US economy shakes off recession worries by adding more jobs last month

The Guardian - UK · Jul 8, 2022