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The Latest Breaking News from Inflation

Tesco puts price of a meal deal up for the first time in over a decade

TESCO has put the price of a meal deal up for the first time in over a decade, with the change set to come into force in days.

The National (Scotland)

When are the midterm elections?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

The Independent UK

Floods drive up fruit and veg prices, while energy costs will prolong high inflation

Fruit and vegetable prices are expected to be 8% higher than they would have been over the December and March quarters as a result of the floods, according to budget figures released by Treasurer Jim Chalmers.

The Conversation

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Keir Starmer can't say whether he supports nurses' pay demands

KEIR Starmer appeared to be unable to back nurses’ demands for better pay despite his leadership campaign promising to “work shoulder to…

The National (Scotland)

Martin Schram: A little inflation help from the other side

President Joe Biden and his designated message-deliverers just got some crucial, last-minute insights — from a most unlikely source — Wednesday night. It made clear how they should be talking about the only issue that almost half of Americans say they really care about in this all-over-the-lot midterm campaign.

Tribune News Service

Even Halloween candy can't hide from inflation

Here's how much the price of popular Halloween candies went up this year

Axios

GOP is bad on abortion — and inflation

Republicans have no ideas on how to fix the economy — and what they are planning will only make things worse

Salon

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DIY chain Wickes says its energy costs could rise by 75% in 2023

Retailer reports third-quarter sales growth but warns of uncertain outlook and £7.5m hike in energy bill

The Guardian - UK

DWP Universal Credit claimants with children could lose £1,000 per year

People with children claiming Universal Credit from the Department for Work and Pensions could lose up to £1,000 per year according to think tank The Resolution Foundation

Glasgow Live

DWP could give extra £325 Cost of Living payments under new plan

Campaigners also want all benefit payments to be increased in line with inflation

Liverpool Echo

Wickes says falling timber prices ease price inflation at DIY chain

But energy costs are set to rise at the Watford-based chain when its current supply contracts ends in March

Evening Standard

Asian shares mostly fall as investors watch for inflation

Asian shares are mostly lower in muted trading as investors eye inflation and await the outcome of a Communist Party congress in China

The Independent UK

'Concerned' café owner warns coffee prices will jump amid cost of living crisis

The cost of a flat white coffee is likely to top £4 for the first time, as inflation returns to a 40-year high.

Daily Record

Widespread floods will force inflation above 8 per cent for fruit and vegetables, treasurer says

Federal Treasurer Jim Chalmers says widespread flooding across some of Australia's most productive agricultural land will push up the prices of fresh produce.

ABC News

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Reuters

Australia floods to dent Dec-qtr GDP, spur inflation - Treasurer

Widespread floods that have inundated large parts of Australia's southeast will dent the country's economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week's federal budget.

Los Angeles Times

With another prime minister gone, what's next for an already diminished Britain?

LONDON — Double-digit inflation. A weakened British pound that's hovered at near-parity with the dollar. Soaring energy costs. The death of a revered monarch.

Tribune News Service

Inflation and the housing market: What you can do as prices spike

Inflation isn’t done with the American public yet.

Irish Mirror

Those working minimum wage jobs not able to 'even maintain a basic standard of living'

The Living Wage Technical Group blasted the Government and said workers on low pay are not protected from inflation

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StockNews.com

2 Stocks to Unload From Your Portfolio Now if You Haven’t Already

The stubbornly high inflation and the Fed’s aggressive attempts to tame it are likely to keep the market under pressure. As the odds of recession increase, it could be wise to unload fundamentally weak stocks Carvana (CVNA) and Tellurian (TELL) if you haven’t already. Keep reading.

StockNews.com

4 Income Stocks You Could Buy and Hold Forever

As the central banks worldwide are determined to battle sky-high inflation with big rate hikes, top economists warn of a global recession on the way. While volatility is rife in the stock market, reliable dividend-paying stocks Pfizer (PFE), McKesson (MCK), Nutrien (NTR), and Genie Energy (GNE) might be ideal investments…

Al Jazeera

Tesla stock down on growth worries

Investors are wary that the electric car maker may miss its growth targets due to inflation and logistical challenges.

Asharq Al-Awsat

Turkish Cenbank Slashes Rates More than Expected, Lira Hits Record Low

Türkiye’s central bank slashed its policy rate by a more-than-expected 150 basis points to 10.5% on Thursday, and promised to halt the easing cycle urged by President Tayyip Erdogan after another similarly-hefty cut next month. The move pushed the lira to a record low near 19 to the dollar and…

The Independent UK

Ukrainian refugees in the UK who fled Putin’s war are turning to food banks amid soaring inflation

Food prices in the UK have soared, with inflation for food and non-alcoholic beverages currently at 14.6 per cent

StockNews.com

2 Brutal Sell-off Stocks to Avoid This Fall

The Fed seems to be gearing up to respond to hotter-than-expected inflation and employment data for September with further aggressive interest rate hikes. Hence, with market volatility set to become more severe, fundamentally weak stocks Coinbase Global (COIN) and DraftKings (DKNG) are best avoided now. Read on….

The Guardian - UK

Interest rates unlikely to rise above 5%, says Bank of England official

Ben Broadbent says increase already priced into markets would deliver ‘pretty material’ hit to economy

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People

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