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The Latest Breaking News from Inflation

Superannuation jumps in July but retirees lose out to inflation

Super returns jumped during July but retirees are going backwards with inflation eating into their living standards over the last year.

The New Daily

Workers begin strike at UK’s largest shipping container port

The strike is the latest action by workers in an array of industries calling for higher pay amid sky-high inflation.

Al Jazeera

Nigerians feel the pinch as food prices continue to spiral. There aren't easy solutions

Nigeria is grappling with rising food prices, as reflected in the spike in inflation. The annual inflation rate accelerated for a sixth straight month to 19.64% in July 2022, the highest rate since January 2017. The Conversation Africa asked economist Ndubisi Nwokoma about the spike, and what steps government can…

The Conversation

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What was life like the last time inflation was this high in 1982?

Margaret Thatcher had been almost three years into her first term as prime minister

Manchester Evening News

Sainsbury's pint of milk breaks £1 threshold for first time as cost of living soars

The cost of living is soaring with shoppers in Sainsbury's noticing that a pint of milk in their smaller shops are in fact more expensive compared to their larger stores as inflation hits a 40-year high

Edinburgh Live

These are some of the ways inflation is changing Americans' spending habits

From Walmart to the neighborhood supermarket, retailers across the country are having to adjust as Americans watch their pennies in the face of high inflation.

WEKU

UK shoppers are keeping calm and carrying on. Why?

Consumers are in either denial about the economy or think they are managing … for now

The Guardian - UK

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Freebies come at a price: economist

RBI’s Monetary Policy Committee member Ashima Goyal says voters should be told about financing and trade-offs involved

The Hindu

‘Explosion of violence’: Sierra Leone picks up the pieces after protests

At least 21 protesters and six officers have been killed as anger over the soaring cost of living spins out of control

The Guardian - UK

Russia's war at 6 months: A global economy in growing danger

It's almost six months since Russia invaded Ukraine, and the consequences are posing a devastating threat to the global economy

The Independent UK

The Observer view on Liz Truss and Rishi Sunak’s tax cut promises

The Conservative leadership contenders are blind to the dire lack of investment in a crumbling UK

The Guardian - UK

Inflation a 'priority' for summit

Boosting wages and profits without adding to inflationary pressures will be high on the agenda at the Albanese government's jobs and skills summit.

AAP

Climate bill animates tight Minnesota congressional races

WASHINGTON — Minnesota Democrats facing competitive races are counting on a massive new climate package to help their political chances as they brace for GOP opposition this fall.

Tribune News Service

US economy flashes signals of hope and concern in mixed data

WASHINGTON — Data this week generated a mixed report card of the U.S. economy, showing both resilience in the face of high inflation and signs of troubles ahead.

Tribune News Service

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Evening Standard

Price of a pint of of beer in London surging towards £14, according to analysis

A pint of beer in London is on track to hit £14 in just two and a half years if inflation and energy costs continue to surge, new research predicts.Higher energy costs, wages and supply chain issues have meant businesses have been forced to pass on costs to customers with…

StockNews.com

Why the Stock Market Winning Streak Ended on a Sour Note...

The 4 week winning streak for stocks ended Friday on our sour note. Not only did the S&P 500 (SPY) tumble -1.29%, but the recent market leaders endured even worse results: -2.07% for Russell 2000 and -2.01% for tech laden Nasdaq. What does this mean for stock prices in the…

Manchester Evening News

Sainsbury's puts price of pint of milk up to £1.05 for first time as costs continue to soar

It's another blow to shoppers as inflation hits a 40-year high

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

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The Independent UK

For Republican governors, all economic success is local

Texas Gov. Greg Abbott often knocks President Joe Biden for the country's high rate of inflation and fears of a looming recession

Tribune News Service

Clive Crook: Want a better IRS? Simplify the tax code

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. The promised flood of cash — an additional $80 billion over 10 years, compared with baseline annual spending of around $15 billion — raises some…

Wales Online

Pint of milk tops £1 at Sainsbury's for first time as cost of living crisis grows

Rise comes as prices soar across Britain as cost of living squeeze continues

Daily Mirror

Sainsbury's: Price of pint of milk breaks £1 threshold for first time as costs soar

The price hike spotted in Sainsbury's smaller shops means Brits are now paying two-and-a-half times more for milk than a year ago while inflation hits a 40-year high

Tribune News Service

‘Just shocking’: Inflation buoys GOP’s hopes to flip Senate seat

The Las Vegas Strip is again teeming with tourists, its casinos are minting billions and more people than ever are now working in Nevada. But soaring housing costs and gasoline prices have handed Republicans an opportunity to flip a U.S. Senate seat and reverse years of Democratic gains in the…

The Independent UK

School funding to disadvantaged pupils ‘slashed by nearly half a billion’

Rising inflation means cash is down by £340 for primary children and £241.50 for secondary pupils

The Independent UK

Greece rid of budget watch but inflation, energy woes bite

Greece's close financial oversight by European Union creditors is ending

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