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The Latest Breaking News from Inflation

Soaring food and energy costs drive UK inflation to 10.1%

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices

The Independent UK

Asian shares rise on optimism about US, China economies

Asian shares are mostly higher as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth

The Independent UK

After UK inflation again outpaces forecasts, a 13% peak looks optimistic

Analysis: Rate has driven through 10% mark sooner than Bank of England and financial markets expected

The Guardian - UK

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Higher house prices help Persimmon offset impact of wider inflation as profit falls

Average private selling price nears £246,000, up by £9,400

Evening Standard

Everyday food items rising in price as inflation hits 10.1% - what it means for you

Consumer Prices Index (CPI) inflation is now at 10.1%, up from 9.4% in June, and is now at its highest level since February 1982 - but what does this mean for your money and what items are rising fastest?

Daily Mirror

Inflation figure used to set rise in train fares hits 12.3%

July’s RPI figure is traditionally used by the UK, Scottish and Welsh Governments to set the cap on the following year’s increase in regulated train fares, which include most season tickets on commuter routes

Wales Online

FTSE 100 Live: Double-digit UK inflation rate, factory gate prices jump 17.1%

UK inflation today hit a bigger-than-expected 10.1%, the highest annual rate in over 40 years.

Evening Standard

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Inflation hits highest level in over 40 years as cost of living continues to soar

THE COST of living has soared once again, putting further strain on families under pressure across the UK.

The National (Scotland)

Inflation - live: Boris Johnson accused of being on ‘shore leave’ as UK faces recession

Inflation rate of 10.1 per cent puts further strain on households across UK

The Independent UK

Inflation hits 10.1% reaching 40-year high amid cost of living crisis

The increase was largely down to food prices and staples including toilet rolls and toothbrushes, the Office for National Statistics said.

Daily Record

Echoes of dire 1970s in today's Britain

Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

Reuters

Inflation in Sudan Declines despite Stagnation, Economic Concerns

The Central Bureau of Statistics in Sudan said on Tuesday that the annual inflation rate fell for the second month in a row to 125.41 percent in July, compared to 148.88 percent the previous month, after registering 192 percent in May. The country is facing record inflation rates, amid a…

Asharq Al-Awsat

Inflation surges to 10.1% in new costs bombshell

Bank of England ‘could be forced to more than double interest rates’

Evening Standard

Inflation hits new 40-year-high soaring into double figures

The level is higher than forecast with experts thinking it would stay below 10%

Wales Online

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The Independent UK

Inflation soars to highest rate in four decades as cost of living crisis bites

Inflation is expected to peak later this year at 13.3 per cent, the Bank of England forecasts

The Guardian - UK

UK inflation hits 10.1%, driven by soaring food and fuel prices

ONS July figure is only fourth time in 70 years that inflation has breached 10%

Daily Mirror

Inflation hits 10.1% in new 40-year high as Bank of England warns of recession

Consumer Prices Index (CPI) inflation hit 10.1% in the 12 months to July - up from 9.4% in June - and is now at the highest level since the 1980s

The Guardian - UK

Cost of living crisis is ‘living nightmare’, say unions, after surprise inflation rise to 10.1.% - as it happened

Squeeze on consumer incomes tightens as fuel and food prices rocket, with bread, cereals, milk, cheese and eggs becoming dearer

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Asharq Al-Awsat

Asian Markets Fluctuate as Traders Weigh Economic Outlook

Markets drifted in Asia on Wednesday, with investors trying to navigate an uncertain economic landscape as central banks hike interest rates to fight runaway inflation, in turn fueling fears of a possible recession. But while officials at the Federal Reserve and its peers are expected to keep tightening monetary policy…

The Conversation

Australia's inflation rate is about to go monthly. Be careful what you wish for

Australia’s consumer price index is about to go monthly, meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present.

Wales Online

Biggest cost of living increase in decades expected with latest inflation figures

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England

Daily Mirror

Biggest jump in cost of living in decades expected with latest inflation figures today

New figures released this morning are expected to show that Britain is suffering the worst cost of living crisis since the 1980s, as sharp rises in food and fuel costs continue to put strain on households

Daily Record

Boris Johnson’s PM farce is ending as a Greek Tragedy

Record View says the Tories are simply unable to take the radical steps needed to help people cope with soaring energy bills and inflation.

The Guardian - AU

Australia’s wages rise 2.6% in year to June but continue to lag inflation

Increase falls short of expectations as unions call for more support to address the ‘serious failure of our wages system’

Newsroom.co.nz

Why does our inflation response punish low-income workers?

As the Reserve Bank considers another rate increase today, a more equitable approach would seek to shift the costs of dealing with inflation on to the least vulnerable, argues Edward Miller

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