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The Latest Breaking News from Inflation

Wages fall in real terms across Scotland

Edinburgh experienced one of the largest drops, with wages down by 6.4% when adjusted for inflation

Insider UK

Two U.S. inflation rates: Bad and worse

It’s worse than 8.3% in parts of key Senate battleground states.

Axios

Bank of England will not take foot off throttle despite drop in inflation

MPC members will look at other developments in UK and abroad in mission to increase interest rates

The Guardian - UK

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Zara Owner Inditex’s First-Half Sales Surge Ahead of Potential Slowdown

Fashion brand Zara's owner Inditex said on Wednesday that profit for the six months to July jumped by 41% and sales rose by around a quarter, putting it on a strong footing ahead of second half likely to see rampant inflation hitting demand for clothing. In the first set of…

Asharq Al-Awsat

Small businesses call for help amid soaring bills

Firms say it does not feel like the economy is growing as energy and raw material costs rise.

The Independent UK

Warning supermarket shop could cost as much as £5,181 a year due to food inflation

Food prices have been soaring

Nottingham Post

While inflation takes a toll on seniors, billions of dollars in benefits go unused

Millions of older adults are having trouble making ends meet, especially during these inflationary times. Yet many don’t realize help is available, and some notable programs that offer financial assistance are underused.

Tribune News Service

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Why Comera Life Sciences Shares Jumped 101%; Here Are 74 Biggest Movers From Yesterday

Gainers Akero Therapeutics, Inc. (NASDAQ: AKRO) shares jumped 136.8% to settle at $29.05 on Tuesday after the company's Phase 2b HARMONY study met its primary endpoint for both the 50mg and 28mg EFX dose groups.

Benzinga

Inflation dips slightly but experts warn cost-of-living crisis is not easing

The consensus across think tanks and economic networks is that this was "entirely driven by falling transport costs" as the prices of food…

The National (Scotland)

Asian shares extend global rout, yen perks up on intervention hints

SYDNEY: Asian stocks tumbled on Wednesday as US data dashed hopes for an immediate peak in inflation, although the dollar paused its relentless run against the yen as Japan gave its strongest signal yet it was unhappy with the currency's sharp declines.

Bangkok Post

Inflation rate falls to 9.9% but still remains near 40-year high

The ONS said the biggest downward pressure on the inflation rate was the price of motor fuels, which has been falling in recent months.

Daily Record

FTSE 100 Live: Inflation dips to 9.9%, markets rattled by US rates outlook

A dip in the UK’s annual inflation rate to 9.9% today brought some relief for traders after last night’s big Wall Street sell-off.

Evening Standard

Inflation falls slightly to 9.9% as price of petrol and diesel dips

Business groups warn that rising costs are still impacting on many companies but the figures are better than analysts expected

Chronicle Live

UK inflation rate falls slightly but remains near 40-year high

Fall in price of petrol linked to reduction

Wales Online

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The Independent UK

Falling fuel prices take edge off inflation highs

Diesel and petrol prices fell by nearly 7% in August, the Office for National Statistics said.

The Independent UK

UK inflation falls slightly to 9.9% but remains close to 40-year high

Slight drop comes amid fall in motor fuel prices

Evening Standard

Inflation eases slightly in August to 9.9% after drop in fuel prices

Food and clothing prices continue to rise and analysts warn it will be some time before inflation truly starts dropping

Daily Mirror

Inflation falls slightly but still nears record of 9.9% as fuel prices drop

Consumers are still paying near-record high prices for groceries, energy bills and more as the cost of living crisis continues to grip households up and down the country

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The Guardian - UK

UK inflation falls to 9.9% after drop in petrol prices

Unexpected dip in August is first easing of upward pressure on cost of living in almost a year

The Guardian - UK

UK inflation eases to 9.9% but remains close to 40-year high – as it happened

Inflation eases because of a fall in petrol prices while food prices rise at fastest rate since mid-2008, driven by milk, cheese and eggs

The Independent UK

Driven by consumers, US inflation grows more persistent

U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession

Leeds Live

Leeds parents face higher nursery fees as prices go up with inflation, staff shortages and energy bills

Leeds City Council is putting daily fees up for its 28 Little Owl Nurseries

The Independent UK

Asian shares fall, tracking Wall St dismay over price data

Asian markets have skidded lower after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy

Liverpool Echo

State Pension claimants set for £1,000 boost in DWP first

A State Pension rise will come into effect in line with soaring inflation rates

Benzinga

Alibaba, Baidu Slide Over 3% As Wall Street Horror Spreads To Hong Kong Stocks: Report Sparks Fears Of US-China Tensions Over Taiwan

Hong Kong shares plunged on Wednesday, taking cues from a heavy sell-off on Wall Street triggered by higher-than-expected U.S. inflation for August. Shares of Alibaba, Baidu, and JD.com fell over 3%, with the benchmark Hang Seng Index losing over 2.3%.

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