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The Latest Breaking News from Inflation

OPINION - My Met Police officers deserve a 10 per cent pay rise in line with inflation

We are a prestigious police service with an envied global reputation but one that has become tarnished. We are now urgently and determinedly reforming, explicit that part of this mission requires us to be ruthless with those that our systemic failings have allowed to corrupt our integrity and undermine public…

Evening Standard

Call for Vic wages cap to be axed as inflation soars

The Victorian Greens are leading a call for Victoria's 1.5 per cent cap on public sector wages to be axed to keep essential workers' heads above water.

AAP

The Only 2 ETFs Warren Buffett Owns Right Now

Recessionary fears continue to weigh on investors’ sentiment as inflation is still soaring high, and the Fed is likely to continue with its aggressive interest rate hikes. Therefore, famous institutional investor Warren Buffett’s portfolio ETFs, Vanguard S&P 500 ETF (VOO) and SPDR S&P 500 ETF (SPY), could be ideal buys…

StockNews.com

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Don't Get Trapped Owning These 3 Cruise Liner Stocks in 2023

Lingering high inflation, consecutive federal rate hikes, and looming recessionary fears might keep the cruise line companies under pressure. Also, given the declining demand, fundamentally weak cruise liner stocks Royal Caribbean Cruises (RCL), Carnival Corporation (CCL), and Norwegian Cruise Line (NCLH) might be best avoided in 2023. Keep reading.

StockNews.com

PIP, DLA and Attendance Allowance claimants could receive up to £8,983 tax-free from DWP

Inflation-linked benefits and tax credits will rise by 10.1% from April 2023

Liverpool Echo

The 2 Best Stocks to Buy During Uncertainty

The combination of resilient job growth, sticky inflation, and high retail sales could keep the Fed’s strict rate hikes in place for quite some time. With recession odds soaring alongside, quality stocks Walmart (WMT) and Flowers Foods (FLO) might be ideal buys now. Read on….

StockNews.com

Full list of DWP revised weekly payment rates for 2023

State support for individuals rising to keep pace with inflation

The Independent UK

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Asda and Morrisons ration fruit and vegetables as shoppers complain of empty shelves

Some supermarkets have started rationing fruit and vegetables as shelves continue to remain bare across the UK with the weather and rising wholesale prices responsible for the action

Daily Mirror

How DWP claimants can receive up to £8,983 tax free as benefits rise

Government announced benefits will rise in line with inflation in November last year

The Independent UK

France's Macron wants a new gesture on diesel prices to help citizens with inflation

French President Emmanuel Macron said on Tuesday he was in favour of a new gesture on diesel prices, potentially a discount, to help customers grappling with inflation.

Reuters

Asda and Morrisons rationing some fruit and vegetables; UK private sector returns to growth – as it happened

Asda introduces a limit on tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries, after bad harvest hits supplies

The Guardian - UK

DWP £400 monthly cash boost for state pensioners but millions missing out

Attendance Allowance is going up from April in line with September's inflation rate of 10.1 percent

Nottingham Post

Australia to flirt with recession this year, warns NAB

Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.

ABC News

Coles reveals higher inflation despite easing fresh produce prices

Grocery inflation at Coles worsened towards the end of last year, but the supermarket chain now says price pressures are easing.

The New Daily

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AAP

BHP first-half profit slides amid global headwinds

Mining giant BHP has posted a drop in first-half profit, earnings and dividend on lower iron ore prices and inflationary pressures.

Fortune

How CFOs are bracing for a dismal financial outlook—and what they expect to happen

After inflation set in and as the threat of recession looms large, chief financial officers are feeling the pressure.

StockNews.com

2 Stocks on Track for Massive Gains in 2023

While Federal Reserve Chair Jerome Powell is trying to steer the economy toward a ‘soft landing,’ a strong job market will likely keep the Fed wary. Meanwhile, as investors mull over the Fed’s next steps, the market could remain volatile for some time. Hence, investing in fundamentally sound stocks, CVS…

The Independent UK

Meal deals at risk as Wales considers supermarket ban

Industry group warns against ‘regressive and irresponsible’ move to push up prices further at time of rampant inflation

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Evening Standard

When are the next NHS ambulance strikes?

Ambulance service trusts throughout England and Wales are fighting for a pay rise in line with inflation

InsideEVs

Mercedes CEO Speaks Out Against Updated US EV Incentives

Mercedes CEO Ola Källenius has warned against protectionistic side effects of the American Inflation Reduction Act.

StockNews.com

2 Stocks That Could Help You Sleep Peacefully No Matter What the Market Does

With strong job growth, unexpected inflation, and robust retail sales, the Fed’s tight monetary policy could stay in place for some time. Amid volatilities and anxiety soaring, fundamentally strong stocks Johnson & Johnson (JNJ) and Cisco Systems (CSCO) might be solid portfolio additions now. Read on….

StockNews.com

3 Recession-Resistant Stocks to Buy Right Now

The latest inflation trend and a strong labor market have raised the prospect of progressive interest rate hikes. Therefore, the likelihood of a Fed-induced recession has increased. Amid this backdrop, it could be wise to invest in fundamentally sound stocks Walmart (WMT), US Foods (USFD), and American Vanguard (AVD), which…

The Times of India

Govt taking steps to control inflation, will continue to focus on it: Nirmala Sitharaman

JAIPUR: Union finance minister Nirmala Sitharaman on Monday said that the government is taking a lot of steps to control inflation and will continue to focus on it.

The Guardian - UK

UK’s taste for takeaways slides as eating out returns and food prices rise

Pressure on restaurant margins as customer behaviour shifts and inflation eats into costs

Asharq Al-Awsat

Iran’s Currency Falls to Record Low as Sanctions to Continue

Iran's troubled currency broke below the psychologically key level of 500,000 rial per US dollar on Monday, as market participants saw no end in sight to sanctions. The Iranian rial plummeted to a new record low of 501,300 against the US dollar, according to Bonbast.com which gathers live data from…

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