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The Latest Breaking News from Inflation

UK food inflation dips in May, raising hopes rate of price growth is slowing

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh high

The Guardian - UK

Food inflation slows in May after April record, survey suggests

Food inflation fell to 15.4% in the year to May, according to a survey by the British Retail Consortium and Nielsen.

The Independent UK

Seven money changes coming in June including new DWP cost of living payment and Tesco Clubcard shake-up

From Tesco Clubcard holders to the £150 disability cost of living payment, there are massive money shake-ups coming in June

Chronicle Live

From analysis to the latest developments in health,
read the most diverse news in one place.

Germany’s heating plan: from green dream to red alarm

Germany has had one of the world’s most ambitious energy and climate policies but with high inflation rates, a sluggish economy, and the Ukraine war, it's not be the time for ambitious, costly and utopian policies

Newsroom.co.nz

3 Value Stocks Investors Want

Strong recent economic data and still-elevated inflation are expected to keep the Fed on track for another interest rate hike next month. With the stock market likely to remain volatile amid rising interest rates and other macro uncertainties, fundamentally sound stocks Astellas (ALPMY), Alkermes (ALKS), and AstroNova (ALOT), trading at…

StockNews.com

Erdogan's victory could be fateful for Turkey's democracy and role in the world

The longtime leader overcame dissatisfaction over high inflation and a slow earthquake response to secure another five-year term as president.

WEKU

Seven money changes happening in June - from Clubcard updates to £150 payment

Next month will see a few different changes happening in terms of money, so here's a list of everything you should be aware of.

Daily Record

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CVS Health (CVS) vs. MedAvail Holdings (MDVL): Which Is the Better Buy?

The drug store industry is well positioned for long-term growth thanks to the growing demand for prescription drugs. Let’s compare CVS Health (CVS) and MedAvail (MDVL) in this space to determine which is better positioned to capitalize on the industry’s solid growth prospects….

StockNews.com

After Turkey election win, what problems does Erdogan face next?

Economic concerns and relations with the West lie at the top of Erdogan’s agenda after presidential election victory.

Al Jazeera

Seven money changes coming in June and how they'll impact your bank account

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

Manchester Evening News

Memorial Day weekend barbecues and parties cost more with inflation

Inflation is driving up the prices of burgers and hot dogs for your holiday barbecue.

Axios

UK Government slated for 'weak approach' to food price cap plans

THE UK Government has been slated for its “weak approach” to introducing a food price cap which would only involve a voluntary agreement with…

The National (Scotland)

Leisure centre announces sudden closure due to rising energy bills and inflation

The council say costs of running the centre had soared compared to before the Covid-19 pandemic.

Manchester Evening News

Seven money changes coming in June - including £150 payment and Tesco Clubcard shake-up

We round up all the money changes and updates coming in June - from a huge shake-up of the Tesco Clubcard scheme, to the £150 disability cost of living payment and more

Daily Mirror

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StockNews.com

Why These 3 Stocks Could Deliver Massive Returns

Still-high inflation and strong consumer spending strengthen the case for the Fed’s other interest rate hike in June. Amid growing rate-hike bets and the recent U.S. debt limit deal, the stock market is expected to remain highly volatile in the near term. Hence, it could be wise to invest in…

The Guardian - UK

This is the reality of running a small restaurant in Britain right now. It’s a miracle we survive

Sales may be back to pre-Covid levels, but inflation is eating into our tiny profits. Here’s how the finances work, says Mandy Yin, chef-owner of Sambal Shiok in London

Reuters

Explainer-What to expect from Nigeria's new president Bola Tinubu

Nigeria's new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft.

Dynamite News

Mallikarjun Kharge: 'In 9 years, BJP did nothing but brought issues like inflation...public loot'

Kharge claimed that during the 9 years, the BJP has been in power, the party plundered public funds, affected all vital goods with GST, and gave the people a difficult way of life. Read further on Dynamite News:

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Bangkok Post

Thai economy resilient, on path to full recovery: Arkhom

Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3% this year, the finance minister said on Monday.

The Hindu

Nine years of Modi govt: Kharge accuses BJP of 'looting' people

Congress president Mallikarjun Kharge took a dig at the government over the completion of nine years in office, accusing it of “looting” people’s earnings through “deadly inflation” while making “arrogant claims” about it.

The Independent UK

Asking us to keep food prices down won’t work, retailers warn Rishi Sunak

British Retail Consortium rejects No.10 plans for voluntary price caps

The Independent UK

Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

The Independent UK

Retailers hit out at plans for voluntary price caps on some foods

Downing Street is understood to be drawing up proposals to charge the lowest possible amount for some basic products.

ABC News

PwC stands down nine partners, chairman exits over tax scandal, ASX gains on US debt ceiling deal optimism — as it happened

After posting a weekly fall, the Australian share market has jumped at the start of trading, ahead of inflation data and the RBA governor speaking this week. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

Bangkok Post

Rethink MFP wage plan

The Move Forward Party (MFP) policy to immediately increase the daily minimum wage to 450 baht and adjust it annually to keep up with inflation is generating widespread debate. While the intention to support unskilled workers may be noble, it is crucial to acknowledge the potential impacts on businesses and…

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