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The Latest Breaking News from Inflation

Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

Reuters

Junior doctors’ pay demands simply unaffordable, Health Secretary claims

Scottish Health Secretary Michael Matheson has said the Scottish Government cannot afford a 23.5% pay rise on top of inflation for junior doctors.

The Independent UK

Can Joe Biden escape the fallout from the US banking crisis?

If president is not worried about re-election prospects after one of biggest economic bubbles of past 100 years, he should be

The Guardian - UK

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Erdogan's milestones before Turkey's election

Turkish President Tayyip Erdogan hopes to extend his rule into a third decade in a May 14 election but faces his toughest test yet at the ballot box, with his popularity hit by a cost-of-living crisis driven by runaway inflation.

Reuters

Turkey's Erdogan doesn't flinch in fight for political life

With his two-decade rule in the balance, Turkish President Tayyip Erdogan has pulled out all the stops on the campaign trail as he battles to survive his toughest political test yet and shield his legacy from an emboldened opposition.

Reuters

Relief on the way from soaring power bills

Millions of people are in line for energy bill relief in the budget as the government promises hundreds of dollars in savings

The New Daily

Foster carer allowance must increase in line with inflation, family service providers say

The rising cost of living is exacerbating the foster carer shortage in regional communities, prompting calls for government to increase the carer allowance.

ABC News

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Tasmania pushing to fast-track new AFL stadium; Chalmers slip hints at budget surplus – as it happened

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The Guardian - AU

Inflation may be about to fall, but the interest rate pain is not over yet

Resilient UK growth may well prevent the Bank of England from ending its run of increases

The Guardian - UK

Central banks raising interest rates makes it harder to fight the climate crisis

Higher rates slow the renewable energy transition and shield oil and gas producers from competition by low-carbon producers

The Guardian - US

India working to rein in inflation: Finance Minister Nirmala Sitharaman

Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to control it, Indian Finance Minister Nirmala Sitharaman said on Saturday.

The Hindu

Biden hopes strong job market means soft landing for economy

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

The Independent UK

Why Are Bear Market Odds on the Rise?

The S&P 500 (SPY) has been up, down and all around this past week thanks to the Fed statement followed by the Government Employment report on Friday. On some levels nothing has changed in the market outlook. However, looking further down the road some important things happened this week that…

StockNews.com

Workers to get real wage lift ahead of schedule

Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which

The New Daily

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Fortune

Harvard economist says more interest rate hikes could be coming after a strong jobs report

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

Kiplinger

April Jobs Report Tops Expectations: What the Experts Are Saying

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Reuters

Brazil's Haddad backs longer-term target for inflation, no talk of goal change

Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates.

The New Daily

English local council elections swing heavily against Conservatives

British PM Rishi Sunak's Conservatives are facing a bleak set of local election results, with voters punishing scandals and inflation

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Al Jazeera

‘Owning a home a dream’: Housing crisis hits Turks ahead of polls

Turkey is going through an immense housing crisis ahead of key elections amid hyperinflation and economic downturn.

The Guardian - AU

Afternoon Update: inflation to decline faster than predicted; author Gabrielle Carey dies; and King Charles’s unnecessary coronation

Australia’s near-term inflation should decline faster than previously predicted as wage growth ‘momentum’ eases and economy slows, RBA says

The Independent UK

Turkey's Erdogan faces tough election amid quake, inflation

Turkey's May 14 presidential election could be the toughest challenge yet in the two-decade rule of President Recep Tayyip Erdogan

Reuters

New Zealand's hot migration risks fanning inflation, forcing rates even higher

Gastroenterologist Wesley Kasen arrived in Hawke’s Bay New Zealand in February with his wife Marnie, two kids and dog from Colorado. Their arrival filled a vacancy at the local hospital.

The Independent UK

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The New Daily

Inflation falling faster than predicted: RBA’s lifeline for borrowers

Australia's red-hot inflation is expected to cool faster than predicted, the RBA has revealed – offering a lifeline at last to borrowers

The Guardian - AU

Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

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