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The Latest Breaking News from Inflation

Gen Z and millennials are really struggling to get the work-life balance they want

In an age of high inflation and a return to office, millennials and Gen Zers find themselves engaging in the hustle culture they'd rather leave behind.

Fortune

5 ways supply chains can mitigate costs

Supply chains can make simple changes to ensure that rising food costs will climb no further

Salon

The fundamental value of the rupee

By casting a shadow on the public’s perception of what is legal tender, the RBI is destabilising confidence in the rupee

The Hindu

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read the most diverse news in one place.

UOBAM offer UGREF-UI to invest in real estate globally amid persistent inflation

Amid global economic uncertainty and persistent rising inflation, mainly caused by Russia’s ongoing invasion of Ukraine and China’s Zero Covid policy, investing in real estate globally can be considered a less volatile investment solution.

Bangkok Post

Brexit food trade barriers have cost UK households £7bn, report finds

LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average

The Guardian - UK

Stocks Fall with U.S. Debt Ceiling Talks at an Impasse

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.90%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.08%. U.S. stocks this morning are moderately lower, with the...

Barchart

Price inflation: five ways stronger UK supply chains can help reduce rising food costs

Annual price inflation has recently fallen below double digits, but food costs are still rising rapidly. Official UK figures show food prices rose by 19.1% in the year to April 2023.

The Conversation

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Here’s Why Murphy Oil (MUR) Might Be Worth Speculating On

Although the hydrocarbon sector hasn’t been off to a great start, upstream player Murphy Oil could be interesting as a possible forward inflation trade.

Barchart

OPINION - Interest rates set to rise as inflation falls by less than expected

Today’s inflation figures are akin to a hangover that grows worse throughout the day. You wake up surprisingly chipper, just a sore throat and achy arms. But pretty soon you realise things are heading south, you’re not 21 anymore, and a deep familiarisation with the toilet bowl awaits. Oh, and…

Evening Standard

Erdogan party split on economic plan as Turkey runoff looms, sources say

Days before Turkey's runoff presidential election, there is disagreement and uncertainty within Tayyip Erdogan's government over whether to stick with what some call an unsustainable economic programme or to abandon it, insiders say.

Reuters

Why profits, not pay, have caused the cost of living crisis

The Bank of England accompanied its most recent UK interest rate hike – the 12th in a row – with a warning that UK price inflation is likely to be higher for longer than expected due to soaring food costs. The bank has been hiking rates since December 2021 to…

The Conversation

Stephen Flynn tells Rishi Sunak to 'get real' as food prices continue to soar

The SNP Westminster leader asked the PM if he agreed the country was paying the price for a 'cost of greed crisis'.

Daily Record

'University fees need to rise with inflation' university boss warns

Having fixed price £9,000 annual fees amid 10% inflation is "not sustainable", said Bangor University VC Professor Edmund Burke

Wales Online

How inflation drop to 8.7% will impact your household budget, savings and mortgages over next few months

Some monthly mortgage repayments are expected to increase by around £200 a month this year.

Daily Record

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Fortune

The boomer retiree class is facing a 50%-plus cut to next year's Social Security cost-of-living adjustment

This year's Social Security cost-of-living adjustment was the highest it's been in 40 years. Next year, it could be 3.1% or lower.

The National (Scotland)

Sunak lashes out at Scottish Government as he's challenged on 'cost of greed crisis'

RISHI Sunak responded to an SNP call for action on the “cost of greed crisis” over supermarket prices by lashing out at the Scottish…

Daily Mirror

2% inflation drop won't stop people relying on foodbanks, money expert warns

Inflation has dropped by two per cent, heralding a long-waited change in the right direction, but Tom Francis, head of advice from Octopus Money, has warned that it is far from the beginning of the end

Evening Standard

OPINION - The Standard View: Cutting inflation a vital task – and Britain still has some way to go

It is heavily caveated and higher than expectations in the City, but at last there is some relief for households: inflation has fallen. April’s CPI headline rate of 8.7 per cent represents the first sub-10 per cent figure for eight months, sparking hopes that the worst of the cost-of-living crisis…

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news in one place.

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The Independent UK

Why food prices remain ‘worryingly high’ despite inflation falling

Consumers are continuing to face soaring prices for cupboard essentials, even as overall inflation eases

The Independent UK

M&S hails ‘good start’ to turnaround strategy as sales jump despite profits dip OLD

‘We do expect things to get a bit better’ says chief executive Stuart Machin

The Independent UK

M&S hails ‘good start’ to turnaround strategy as sales jump despite profits dip

‘We do expect things to get a bit better’ says chief executive Stuart Machin

Wales Online

This basket shows exactly how much food prices have risen in a year

The ONS has published examples of how the annual rate of inflation for everyday food and drink items has risen or fallen in the past year

The Independent UK

How food inflation is taking centre stage in the cost of living crisis - OLD

Consumers are continuing to face soaring prices for cupboard essentials, even as overall inflation eases.

The Guardian - UK

Failure to grasp UK inflation drivers will continue to keep prices high

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

Daily Record

'No end in sight' to cost of living crisis as food prices continue to rise

Food inflation is at its second highest level in nearly 50 years.

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