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The Latest Breaking News from Inflation

Households fretting over power bills as costs rise

High inflation has sent the cost-of-living soaring and many Australian households under strain, the latest Energy Consumers Australia sentiment survey shows.

The New Daily

Downturn in permanent jobs softens in May

Temporary vacancies fall for the fifth month running, while starting salary inflation eases to a 27-month low

Insider UK

Coalition delays seen as threat to growth

The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more.

Bangkok Post

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Israel Adesanya wants UFC to increase bonuses: ‘Inflation has been going up’

Israel Adesanya thinks the UFC needs to increase the amount they hand out for bonuses.

USA Today Sports Media Group

Where next for food price inflation?

City Voices: No chance for lower prices any time soon

Evening Standard

The legal aid sector is collapsing and millions more may soon be without access to justice – new data

The UK government has announced changes to legal aid access in England and Wales, updating means test thresholds to account for inflation. These thresholds are the maximum amount of capital or income that a person can have to be eligible for legal assistance at public expense.

The Conversation

3 Insurance Stocks Every Investor Wants

Despite inflationary pressures, the insurance industry is poised to thrive in the foreseeable future, showing significant prospects in its property and casualty segment. Therefore, quality insurance stocks AXIS Capital Holdings (AXS), Loews Corporation (L), and Global Indemnity Group (GBLI). Read on….

StockNews.com

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Rishi Sunak will accept a recession if necessary to get inflation rates down

Rishi Sunak has backed interest-rate hikes to calm inflation even if they increase the risk of the UK entering a recession.

The Independent UK

Rishi Sunak says control of nation’s finances will help ease mortgage pressure

The Prime Minister said it would be ‘very damaging for people’s mortgages’ if the Government was irresponsible with the public finances.

The Independent UK

Australia in ‘retail recession’ as inflation and rate hikes hit spending, says report

With a 0.6% slump in turnover in the March quarter expected to continue, Deloitte forecasts a broader ‘consumer recesssion’ later this year

The Guardian - AU

Erdogan’s Wall Street Guy Is Back to Replenish Wiped-Out Coffers

Investors soured on Turkey’s contrarian economic policies. New Finance Minister Mehmet Simsek might just be able to bring enough of them back.

Businessweek

Economy slows to a crawl as consumers cut spending

Australia’s economy is slowing rapidly as families slash spending and raid their savings to deal with the cost of living crisis.

The New Daily

Has Saudi Arabia lost control of oil prices?

Saudi Arabia has risked divisions within Opec, inflaming tensions with the US and reigniting inflation in Europe, all in a bid to boost flagging oil prices.

The Week

The 20 priciest cities for expats in 2023

It's bad news for workers dreaming of uprooting to the Big Apple.

Fortune

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Evening Standard

Squeeze on real wages in UK to last until Christmas, say OECD economists

UK economic growth also lagging behind many other wealthy nations

Bangkok Post

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

The Conversation

Going down: the 6 graphs that show Australia's economic growth shrinking

The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March.

The National (Scotland)

UK to have one of the highest inflation rates of any developed economy, OECD warns

THE UK will have one of the highest inflation rates of any major developed economy this year, the Organisation for Economic Co-Operation and…

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The Independent UK

Persistent inflation, rising interest rates will weigh on global economy, OECD predicts

The global economy is bouncing back from an an energy price spike fed by Russia's invasion of Ukraine

The Guardian - AU

Afternoon Update: Lowe says struggling Australians could work more; Fraser Island renamed K’gari; and the origins of masturbation

RBA governor warns against idea that all workers’ wages should rise in line with inflation

Pedestrian.tv

This TikToker Is Explaining Inflation For The Girls And Finally, I Think I Get It

This made complete sense, I feel enlightened.

The Guardian - UK

Jeremy Hunt expresses concern about cost of living crisis after OECD forecast

Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20

Zenger

Bitcoin, Ethereum, Dogecoin Flat Amid Inflation Fears: This Could Signal ETH ‘On Its Way’ To $2K

Major cryptocurrencies traded flat on Sunday evening even as investors appeared less concerned as the U.S. avoid debt default.

The Independent UK

Rishi Sunak to flag Inflation Reduction Act concerns in talks with Joe Biden

He will also push for action on artificial intelligence (AI) regulation and seek greater economic co-operation with the US.

The Guardian - AU

Interest rates blame game continues – as it happened

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