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The Latest Breaking News from Inflation

Cost of Christmas dinner up by almost one fifth compared to last two years

A RISE in grocery inflation has meant that a typical Christmas dinner will cost more than in previous years.

The National (Scotland)

Asia stocks cautiously await US inflation, gains slim momentum

Asia stocks see modest weekly gain as investors eagerly await US inflation report. Stay tuned for the latest updates on global markets and economic trends.

Top News

Dollar Drowns as US Inflation Looms

The mighty dollar takes a dive as investors brace themselves for a critical US inflation test. Will it sink or soar? Buckle up for a wild ride!

Top News

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Cash buyers have accounted for around a third of home sales in 2023 – Zoopla

People buying homes without a mortgage are often older, wealthier and buying cheaper properties.

The Independent UK

Japan's Core CPI Surges 2.5% YoY, Stoking Economic Momentum

Japan's economy shows signs of resilience as core CPI rises 2.5% year-on-year in November, reflecting a positive trend in inflation. A glimmer of hope amid...

Top News

2023: The year of the workplace gridlock, where nothing changed and nobody was happy

On the whole, nothing got better and nothing got worse. But experts say next year might genuinely turn the tides.

Fortune

Stocks Maintain Gains as Weak U.S. Reports Boost Rate Cut Expectations

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.75%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.84%. Stocks this morning are modestly higher after U.S. economic...

Barchart

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Hunt hit by higher-than-expected public borrowing despite rise in tax revenues

Analysts blame rises in welfare costs and debt interest bill for monthly deficit of £14.3bn in November

The Guardian - UK

U.S. unemployment claims rise slightly, remain at low levels despite higher interest rates

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates

The Independent UK

Brazil's Central Bank Maintains Easing Pace amid Inflation Concerns

From the samba beats to the soaring inflation expectations, Brazil's central bank elegantly dances with easing measures to tame the unanchored economy.

Top News

Turkish central bank raises interest rate 42.5% to combat high inflation

Turkey’s central bank has hiked its key interest rate by 2.5 percentage points as part of its efforts to combat high inflation that has left many households struggling to afford essential items

The Independent UK

Turkey's Central Bank Delivers Smaller Rate Hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation.

International Business Times

Four Ways to Curb Impact of Inflation and Bad Timing on Retirement

A down market right when you retire is bad luck, but add inflation to sequence of returns risk, and you’re facing a double whammy. Here’s how to prepare for that.

Kiplinger

Broadband, phone and petrol retailers under fire from public in 'greedflation' storm

Britons think prices are being hiked to boost profits, not to meet inflation-linked costs

Evening Standard

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The Hindu

Retail inflation for farm workers rises to 7.37% in November, 7.13% for rural labourers

Retail inflation for farm & rural workers rises in Nov due to higher food prices; CPI-AL & CPI-RL indices up in most states.

The Independent UK

Stock market today: Asian shares fall as Wall Street retreats, ending record-setting rally

Asian shares have slipped after Wall Street slammed the brakes on its big rally following disappointing corporate profit reports and warnings that the market had simply gone too far, too fast

The Guardian - UK

Christmas rail travel chaos as Euston services cancelled and Eurostar hit by strike – as it happened

A strike by Channel Tunnel workers has blocked train travel between France and Britain, while powerline problems hit West Coast mainline

The Guardian - UK

May general election? The economic case for going early (and clinging on)

Falling inflation and tax cuts in a February budget would signal a spring poll but weak growth and rising mortgage bills bode caution

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USA Today Sports Media Group

The Patriots are so bad that their latest reported ball inflation controversy won’t matter

No one cared about Deflategate the first time. No one will especially when the Patriots are awful.

International Business Times UK

UK Consumer Inflation Rate Unexpectedly Decreases In November

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

AAP

Australia rejects US appeal for warships in Red Sea

Australia will send more navy personnel to the Middle East but has rebuffed a US request to deploy a warship to the Red Sea to help secure vital shipping lanes.

Kiplinger

Holiday Sales: Smartphones, TVs and PCs Cheaper This Year

Smartphones, televisions, computers, and travel costs are less expensive this year, study show, despite ongoing inflationary pressures.

Barchart

Dollar Gains on Euro Weakness and Strong U.S. Economic News

The dollar index (DXY00 ) on Wednesday rose by +0.31%. The dollar found support from weaker-than-expected German and UK inflation reports, which knocked European government bond yields lower and weakened the euro relative to the dollar. Gains in the dollar accelerated on the stronger-than-expected U.S. existing home sales and consumer...

Top News

Inflationary Fever Spreading in Mexico as Core Rates Cool

Prepare for a spicy economic update! Mexico's inflation could be heating up, but don't worry, the core rate might just cool things down. Find out more in o...

The Independent UK

How much will your Christmas dinner cost this year compared to last as inflation drops

Carrots will cost some people nearly 46 per cent more than they did last year

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