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The Latest Breaking News from Inflation

New State Pension petition calls for £380 weekly payment for pensioners due response

The petition, which also is calling for the official age of retirement to revert back to 60-years-old, is due a response over the £380 weekly payment that is needed for those over 60.

Glasgow Live

Liz Truss triumphs – but she is already running out of time

Storm clouds are predicted for her first speech to the nation, as the new prime minister faces soaring bills and inflation

The Guardian - UK

Riding investment volatility to glory with the Nasdaq-100 Index®

The first half of 2022 has proven to be one of the most challenging environments for investors to navigate in decades. Inflationary pressures arose in 2021 as the world started reopening following mass vaccination against Covid-19. Nevertheless, inflationary pressures have only increased, forcing the Federal Reserve into an extremely hawkish…

Bangkok Post

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UK facing 1970s-style balance of payments crisis under Liz Truss

Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns

The Guardian - UK

Who is to blame for the cost of living crisis?

With talk of inflation set to hit 20 per cent and Britons braced for the biggest hit to living costs in a generation, Greg Marsh asks: who is to blame?

Evening Standard

Congress can do more to reduce prescription drug costs

The Inflation Reduction Act is a huge step in the right direction. Two proposed laws would do more to help millions of Americans afford the prescriptions they need.

Chicago Sun-Times

Vegetable costs up 500%, threaten to fuel Pakistan inflation

Skyrocketing prices of tomatoes, potatoes and onions are putting food out of reach in flood-ravaged Pakistan and raising the specter of inflation hitting 30%, which may spur more monetary tightening.

The Times of India

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Food, computers and other goods could be in short supply this Christmas

There could be more delays in the shipment of certain goods, particularly those made in Asian countries

Wales Online

Infographic: UK inflation under each prime minister

Liz Truss will assume the role of UK prime minister in a tough economic environment, with inflation at a 40-year high.

Al Jazeera

Market Wrap: Banks around the world set to raise rates as inflation soars

All eyes will be on central banks this week as markets braces for the fallout of hefty rate-rise announcements around the globe - including Australia.

The New Daily

What are Liz Truss’s major policies as UK’s prime minister?

New leader of the Conservative Party Liz Truss has ruled out new taxes and energy rationing amid soaring inflation.

Al Jazeera

Liz Truss: these two daunting challenges sit right at the top of the new prime minister's in-tray

Liz Truss is set to be confirmed as the new British prime minister after a lengthy and intense leadership contest against former chancellor Rishi Sunak. But the UK faces significant economic problems this autumn that might leave the new PM wishing she hadn’t fought so hard for the job.

The Conversation

Appeal for emergency summit to tackle "potentially disastrous" cost-of-living crisis

The alarm has been sounded as soaring energy prices and rising inflation inflict severe financial pressure on residents.

Daily Record

Martin Lewis issues inflation warning following Liz Truss comments

The Money Saving Expert warned that inflation changes may not bring down rising costs

Manchester Evening News

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Asharq Al-Awsat

Türkiye’s Annual Inflation Passes 80% After Interest Rate Cut

Türkiye’s annual inflation passed 80% in August, according to official data on Monday, further hitting consumers facing high energy, food and housing costs. The Turkish Statistical Institute said consumer prices rose by 80.21% from a year earlier, up 0.6 percentage points from the previous month. Independent experts say inflation is…

Daily Record

New State Pension petition calling for £380 weekly payment for everyone over 60 due official response

The petition is also asking for the official age of retirement to go back to 60.

Liverpool Echo

Good Morning Britain's Martin Lewis issues inflation warning after Liz Truss comments

The foreign secretary is expected to be announced as the new Prime Minister later today

The Conversation

Planning a renovation or new build? Here's the outlook for skyrocketing steel and timber prices

It’s a tough time to build or renovate a house in Australia. Prices are up, well above inflation. Finding materials and getting them on time is a challenge. Builders are grappling with too much work and stress (with some folding as costs rise too fast). Customers are being confronted with…

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Pedestrian.tv

JobSeeker Payments Will Increase A Tiny Bit Bc Of Inflation But The Govt Won’t Raise The Rate

JobSeeker and pension recipients will receive the biggest indexation increase in 30 years but it won't change anything for vulnerable Aussies.

Bangkok Post

Searching for inflation-busters

What are good investments in a period of high inflation?

Al Jazeera

India’s Gandhi slams PM Modi over price rise, Hindu-Muslim divide

Congress leader Rahul Gandhi blames PM Modi for soaring unemployment and inflation as he rallies supporters in Delhi.

The Independent UK

Liz Truss warns she will make unpopular decisions as prime minister and defends tax cuts for wealthy

On cost of living crisis the likely new prime minister says ‘Britain has been through worse’

The Independent UK

German leaders announce new energy, inflation relief plan

Germany will invest an additional 65 billion euros in a new round of measures aimed at easing the sting of inflation and high energy prices for consumers

The Independent UK

Tax cuts that could give high earners nearly £2,000 are ‘fair’, Truss says

Former Tory chancellor warns they will add to inflation

Dynamite News

Hatred, anger rising in India: Rahul Gandhi attacks Centre, says "people afraid of future, unemployment"

Congress leader Rahul Gandhi on Sunday came down heavily on the Narendra Modi-led Central government and said that the Bharatiya Janata Party (BJP) and Rashtriya Swayamsevak Sangh (RSS) are dividing the country and a sense of fear has engulfed the minds of people about " their future, inflation and unemployment…

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