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The Latest Breaking News from Inflation

UK inflation rate falls to lowest level in almost three years

Inflation has returned to the 2 per cent target for the first time in almost three years in what comes at a critical time, just weeks before the…

The National (Scotland)

FTSE 100 Live 19 June: UK inflation hits Bank of England's 2% target, blue-chips slightly lower

The UK’s inflation rate today slowed to 2%, its lowest level in almost three years.

Evening Standard

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

The Independent UK

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Inflation finally falls back to its 2% target in major victory for the Bank of England

CPI inflation was last at 2% in July 2021 but rose rapidly to peak at a 41 year high of 11.1% in October 2022

Evening Standard

Inflation drops to Bank of England’s 2% target for first time in almost three years

Inflation dropped to 2% in May, down from 2.3% in April, according to the Office for National Statistics

The Independent UK

Labour says pressure on family finances still acute as UK inflation falls to 2%

Rachel Reeves warns cost of living crisis is not over, as inflation hits official target for first time in three years

The Guardian - UK

UK inflation falls back to official 2% target as food prices rise at slowest rate since 2021 – as it happened

Inflation returns to target for first time since July 2021; breakfast cereal, crisps, vegetables become cheaper

The Guardian - UK

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Tory government ‘worst in postwar era’, claims expert study – as it happened

Sir Anthony Seldon leads analysis that concludes that equality, growth and the UK’s standing in the world have all declined since 2010

The Guardian - AU

Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting.

The Conversation

CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

Roll Call

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

AAP

Senior US Fed Official Optimistic About Inflation Fight

A senior Federal Reserve official said Tuesday that she is optimistic about the US central bank's progress against inflation, and expects it will be appropriate to start interest rate cuts this year.

International Business Times

US Retail Sales Rise Weakly Amid Economic Challenges

US retail sales saw a modest increase in May, impacted by high inflation and interest rates. Gas stations experienced a decline, while specialty stores sho...

Top News

Consumer Spending Holds Steady Amid High Inflation And Interest Rates

Consumer spending in May showed a slight uptick despite concerns over inflation and interest rates. Retail sales rose by 0.1%, falling below projections, w...

The Independent UK

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending

Evening Standard

The economic outlook is finally picking up — just in time for Starmer and Reeves

City Comment: The economic tone seems to be improving, but it might all hang on a tenth of a percentage point in this week’s inflation figures

Evening Standard

Inflation set to hit Bank of England's 2% target, but MPC not expected to cut interest rates

Inflation is set to hit the Bank of England’s target figure for the first time since July 2021

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Evening Standard

The Bank of England must ignore Taylor Swift and cut interest rates now

City Voices: It’ll be a Cruel Summer if Andrew Bailey and the Bank of England don’t offer some relief on interest rates

The Guardian - UK

Britons cut back on spending despite fall in grocery inflation, says Kantar

Bad weather makes consumers trim supermarket shop and rethink summer purchases despite slower food price rises

The Independent UK

Stock market today: Asian shares mostly gain after Wall St rallies to new records

Shares are mostly higher in Asia after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher

The Guardian - AU

Reserve bank leaves interest rate on hold at 4.35% with borrowers left waiting for relief

RBA keeps cash rate steady amid stubborn inflation and an economy that has all but stalled

International Business Times

Asian Markets Rise With Wall St As Traders Eye Latest US Data

Asian equities rallied Tuesday, tracking another tech-driven record on Wall Street, while investors awaited fresh US economic data to get a better handle on the outlook for inflation.

Fortune

Current mortgage rates as of June 17, 2024

If you’re planning to buy a house soon, you might be wondering what a good mortgage rate is. We’ll prepare you with the info you need to rate shop by showcasing average rates for various types of mortgages.

Newcastle Herald

Vandal who cost Newcastle West its mural should hang head in shame

Letters: 'So much for our medical system'.

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