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The Latest Breaking News from Inflation

Sainsbury’s boss offers food prices hope as profits slide 5% to £690m

He said aid the products like milk and other fresh foods would be the first to top out

Evening Standard

Building Back Bigger

The Biden administration has embarked on the most expansive government investment since the Great Society, with ambitious goals for economic and social equity.

Capital & Main

All the DWP benefit payments, money changes and announcements that will affect your wallet in May

Many will receive their first Cost of Living payment in May as well as see an increase to their benefit payments

Manchester Evening News

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read the most diverse news in one place.

Bank of England to announce May changes to interest rates

A change in interest rates will have a direct effect on mortgages and loans

Manchester Evening News

How will we know if the US economy is in a recession?

The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive

The Independent UK

Sainsbury’s profits fall amid soaring inflation – but still beat market expectations

Outlook ‘to remain challenging’ says supermarket chief executive

The Independent UK

Sainsbury’s and Unilever deny claims of profiteering in cost of living crisis

Supermarket chain and consumer goods company insist they are protecting shoppers from inflation surge

The Guardian - UK

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Investor Sentiment Turns Positive With These 3 Stocks as the Stock Market Rebounds

After a brutal 2022, the stock market is showing signs of recovery this year, and investor sentiment continues to improve amid the constant moderation in inflation, recent robust economic data, and easing fears about the global financial system. As the stock market rebounds, fundamentally strong stocks M/I Homes, China Automotive…

StockNews.com

Is it time for Britons to accept they are poorer?

The Bank of England’s chief economist has come under fire for urging British people to accept they are poorer.

The Week

Inflation Is Sticky, But Economists Can’t Agree on Why

The tight labor market plays an important role, but may not be the main culprit.

Businessweek

Prices in Lebanon Rise by Average of 33% Monthly, 264% Annually

Lebanese consumers are anxiously anticipating the continued rise of the inflation index, as the customs dollar exchange rate has been re-raised from LBP 45,000 to LBP 60,000, and the current exchange rate of the “Sayrafa” platform hovers around LBP 87,000 per dollar. The benchmark for consumer prices is now approaching…

Asharq Al-Awsat

US economic growth likely slowed in January-March quarter

Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year

The Independent UK

Texas House advances $4.5 billion school funding bill

Lawmakers have already proposed directing billions of dollars to schools so they can lower property taxes and pay for safety upgrades. But House Bill 100 would be the first to increase the amount of money districts receive to raise teacher pay and cover the actual costs of educating students.

The Texas Tribune

Offo sees slight dip in global oil prices

Global oil prices are expected to fall slightly as central banks continue to raise interest rates to tame high inflation, says the Oil Fuel Fund Office (Offo).

Bangkok Post

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The Independent UK

Meh-lection 2024: Poll shows Biden will win by being Americans least worst option for president

A former speechwriter for Bush says “if Trump is the Republican nominee, Biden likely gets away with” a record of rising inflation and crime

Reuters

Explainer-Biden 2024: His record so far on the economy, immigration, civil rights

Incumbent President Joe Biden entered the 2024 election race on Tuesday with something he didn't have two-and-a-half years ago: a record in the White House.

Fortune

'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

The Guardian - AU

Inflation is coming back down, but Australia’s renters are still feeling the pain

High prices are hurting renters and low-income households

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news in one place.

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The Money Edit

Morrisons relaunches discount scheme with cheaper prices for loyal shoppers

Morrisons is the latest supermarket to revamp prices and offers for its loyalty scheme members

The Guardian - UK

The Bank of England is wrong again: workers aren’t to blame for inflation

Why should we ‘accept we’re worse off’, when corporate greed and global shortages are really to blame, asks James Meadway of the Progressive Economy Forum

StockNews.com

3 Undervalued Stocks to Add to Your Portfolio Today

Amid concerns of the economy heading into a recession, one could capitalize on stocks currently trading at a discount to its peers. Therefore, it could be wise to buy fundamentally strong undervalued stocks Mondi plc (MONDY), Nu Skin Enterprises (NUS), and Garrett Motion (GTX). Keep reading.

The New Daily

‘Peaked’: Small relief from slowing inflation as rents and utility bills soar

Inflation has begun easing as goods prices fall, but the cost of living crisis isn’t over yet as rising rents and utility bills hit families.

Wales Online

Carol Vorderman's scathing 'gaslighting us all' response to top banker's claim we all have to accept we're poorer

The 62-year-old presenter, who is currently appearing on I'm A Celebrity... South Africa, criticised Bank of England chief economist Huw Pill

The Independent UK

Sweden raises key interest rate again to target inflation

Sweden’s central bank has raised its key interest rate, saying inflation “is still far too high.”

Fortune

Say goodbye to the company retreat: business travel isn’t ever going back to pre-COVID normal, report says

Inflation, economic pressure and new post-pandemic normals are all weighing on employers’ willingness to send their staff on trips.

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