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The Latest Breaking News from Inflation

Family food bills up by £800 a year

Record 16% surge in shopping prices, Kantar survey shows

Evening Standard

Nirmala Sitharaman tables Economic Survey 2022-23 in Lok Sabha: Highlights

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday presented the Economic Survey in Parliament ahead of the Union Budget to be presented on Wednesday.

The Times of India

AG Barr reports 17% revenue rise, but warns over DRS impact

Recently-acquired drinks brands add to revenue growth, masking cost pressures from rising inflation

Insider UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Asian shares fall in muted trading ahead of Fed meeting

Asian shares are mostly lower in muted trading as investors await decisions on interest rates and on earnings reports from around the world

The Independent UK

IMF Upgrades Outlook for the Global Economy in 2023

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine. That's the view of the International Monetary Fund, which now expects the world…

Asharq Al-Awsat

Tuesday briefing: What needs to change to end homelessness

In today’s newsletter: Soaring inflation pushes more people to the streets as shelters struggle and budgets are slashed. How far are we from ending the crisis – and is anywhere doing it right?

The Guardian - UK

IMF says recession "not in our baseline" as it raises global growth forecasts

"2023 could be the year of turning points, with growth bottoming out and inflation decreasing," IMF chief economist says.

Axios

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IMF warns UK economy is set for sharp contraction in ‘weakest performance among G7’

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

The Independent UK

UK tipped to be weakest major economy in world as cost-of-living crisis hits households hard

The IMF has predicted UK output to shrink by 0.6% this year

Wales Online

UK economy to shrink more than Russia, predicts IMF

The forecast leaves the UK economy languishing behind sanctions-hit Russia

The Independent UK

IMF upgrades its outlook for the global economy in 2023

The Independent UK

Britain the only G7 economy forecast to shrink in 2023

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll

The Guardian - UK

UK economy to go BACKWARDS in 2023 with worst performance of all major nations

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

Daily Mirror

Global growth outlook slightly healthier, says IMF

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

AAP

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Evening Standard

UK recession warning as IMF predicts weakest performance among G7

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns

ABC News

Australian retailers had a worse-than-expected Christmas as cost of living pressures bite

There are clearer signs that consumers are feeling the pain of high inflation and successive interest rate hikes with Australian retailers posting their first drop in sales in almost a year.

Bangkok Post

How not to fight global inflation

Despite favourable indices, it is too soon to tell whether inflation has been tamed. Nonetheless, two clear lessons have emerged from the recent price surge.

Fortune

Top economist Mohamed El-Erian says the Fed has a small ‘window’ to reduce inflation after missing hard on other opportunities

He said the Fed already missed two opportunities to curb inflation—once in 2021 and then again in 2022.

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Fortune

More than half of Americans raking in $100,000 or more are living paycheck to paycheck

Americans earning at least $100,000 a year are increasingly joining the ranks of those living paycheck to paycheck.

Asharq Al-Awsat

Egypt Central Bank: Pound Slips to New Low against Dollar

The Egyptian pound dipped to a new low Monday of just over 30 for $1, as the country continues to battle surging inflation and foreign currency shortages, authorities said. The landmark slide in Egypt's Central Bank selling rate is the latest in a series of tumbles following the country's $3…

Manchester Evening News

Martin Lewis warning to BT, EE and Plusnet mobile and broadband customers as price rises confirmed

The money-saving expert said 16 million people may have the option to "leave" their current deal and find a better one

The Conversation

US is spending record amounts servicing its national debt – interest rate hikes add billions to the cost

Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is too.

AAP

Consumers now accustomed to high inflation

Concerns about inflation seem to be steadying, despite cost-of-living pressures reaching new heights in the final quarter of 2022.

StockNews.com

4 Stocks to Buy for Under $8 in 2023

The better-than-expected 2022 fourth-quarter GDP report and the rise in consumers’ sentiment are fueling optimism in the stock market. Moreover, the signs of cooling inflation might prompt the Fed to go ahead with a slower pace of rate hikes. Hence, fundamentally strong stocks Nokia (NOK), China Automotive (CAAS), Assertio (ASRT),…

Daily Mirror

Eight money changes coming in February including Universal Credit and passport shake-up

There are plenty of money changes coming up in February that could impact your wallet - from inflation and interest rate announcements to changes to Universal Credit

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