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The Latest Breaking News from Inflation

Conor Sen: The January inflation bump Americans should welcome

Inflation was the bogeyman of 2022. Here at the dawn of 2023, the big question for the U.S. economy is whether or not — and when — we'll dip into a recession this year. In that respect, the bogeyman could become more of a friend.

Tribune News Service

Rishi Sunak’s five pledges: What are they and can they be achieved?

The Prime Minister used his first major speech of the new year to set out five pledges he said would address “the people’s priorities”, including halving inflation by the end of the year and and bringing down NHS waiting lists. Mr Sunak said he will work “night and day” to…

Evening Standard

Mercurial Wolfson leads Next to strong Christmas trading

Inflation begins to fall says retail bellweather

Evening Standard

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New Mexico legislators seek automatic increases to base wage

Democratic legislators want to link the statewide minimum wage to an inflation index to provide potentially automatic annual increases

The Independent UK

The world economy faces a huge stress test in 2023

With inflation on the rise and the era of ultra-low interest rates over, there could well be a systemic crisis

The Guardian - UK

Energy prices 'will almost certainly rise 20% in April' says Martin Lewis

The current energy price guarantee caps the average household energy bill at £2,500-per-year, but this is set to end in April when the cap will rise to £3,000

Wales Online

Sunak strives to be reassuring but is five-point plan all sleight of hand?

PM plans a ‘no tricks’ reset but with an inflation fall already expected this is more about hanging on at an election

The Guardian - UK

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Rishi Sunak pledges to slash inflation as Tory Prime Minister tries to win over critics

The SNP dismissed Sunak's speech and claimed it was an "an advert for why Scotland needs independence."

Daily Record

UK's Sunak vows to halve inflation, tackle illegal migration

British Prime Minister Rishi Sunak, in his first major speech of 2023, has pledged to halve inflation, grow the U.K. economy and stop illegal immigration

The Independent UK

What are the five promises Rishi Sunak made in his speech?

PM vows to halve inflation, cut waiting lists and halt migrant boats among other priorities

The Independent UK

Global economy 2023: how governments could make the energy crisis worse this year

This is the second instalment in our series on where the global economy is heading in 2023, which started with this article on global inflation.

The Conversation

Rishi Sunak pledges to slash inflation in half this year as PM outlines vision in major speech

Prime Minister announces five pledges on the economy, health and immigration

Evening Standard

Sunak promises to tackle inflation and NHS waiting lists in major speech

Delivering his first speech of 2023, the Prime Minister promised to deliver ‘peace of mind’ to the public.

The Independent UK

Rishi Sunak's 5 'promises' for what could be his final year - and how it may all go wrong

Rishi Sunak tried to reboot the ailing Tory government today with a speech in east London - promising 'no tricks, no ambiguity'. Yet his five promises for 2023 sound pretty vague...

Daily Mirror

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The Independent UK

Rishi Sunak vows to halve inflation and ‘stop migrant boats’ before 2024 election

PM promises to deliver on five major ‘people’s priorities’ – including reducing NHS waiting lists

StockNews.com

Getting Ready to Retire? 3 Stocks That Are Safe as They Come

Many market pundits expect a recession in 2023 as policymakers continue raising interest rates to cool the economy and quell inflation. Retirees looking for stable passive income might consider adding fundamentally sound dividend-paying stocks, Walmart (WMT), Kellogg Company (K), and Cardinal Health (CAH), to their portfolios now. Keep reading….

Fortune

Workers who sat out the Great Resignation got the biggest raises in 25 years

Even a recession can’t keep job hoppers from flexing their upper hand.

Evening Standard

Aldi and Lidl grab the supermarket Christmas crown

Double digit food inflation sends shoppers rushing to buy up cut price groceries for Christmas

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Fortune

Prepare for a 'slowcession' in 2023, says one of the first economists to predict the 2008 financial crash

The year ahead will no doubt be tough for the U.S. economy, but the chief economist at Moody’s Analytics wants us to be a little more optimistic.

Al Jazeera

Disabled people in UK unable to afford heating, food: Report

Soaring inflation has forced disabled people already beset by lower incomes to cut back on essentials, study says.

Reason

2022 Proved That Governments Can't Improve on Good Economic Principles

We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.

Evening Standard

Christmas grocery spending reaches new record as food prices soar

Total spend has risen because of increasing food costs rather than longer shopping lists, according to Kantar

The Guardian - UK

UK households spent £1.1bn more on groceries in December for fewer items

Spending higher than year earlier, with World Cup football pushing up beer sales

Evening Standard

Food inflation rockets to record 13.3% as cost of living crisis deepens

Helen Dickinson, of the British Retail Consortium, said ‘it was a challenging Christmas for many households across the UK’

Wales Online

Rate at which food in UK is getting more expensive rockets to record levels

Fresh food inflation leapt to 15% for the month from 14.3% in November, while the price of ambient food, such as pasta and tinned food, increased 11%

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