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The Latest Breaking News from Inflation

French parliament adopts 20 billion euro inflation relief package

France's parliament on Wednesday approved a bill that will lift pensions and allow companies to make higher tax-free bonus payments to employees after President Emmanuel Macron promised to boost household purchasing power amid soaring inflation.

Reuters

UK inflation could reach 15% by start of 2023, experts say

Resolution Foundation says Bank of England likely to forecast higher and later peak, on eve of interest rates decision

The Guardian - UK

RBI's MPC starts monetary policy review, may raise interest rate on Friday

MUMBAI: The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high inflation.

The Times of India

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3 Stocks to Sell on Housing Market Crash Fears

The red hot inflation and surging mortgage rates are causing housing demand to cool down and prices to fall. So, with rising fears of a possible housing market crash, we believe it could be wise to avoid fundamentally weak stocks Redfin (RDFN), WeWork (WE), and Centerspace (CSR) now. Keep reading….

StockNews.com

3 Stocks to Help You Survive and Thrive in Today's Market

Growing concerns over sky-high inflation, the Fed’s aggressive interest rate hikes, the decline in GDP for two consecutive quarters, and increasing odds of a recession are expected to keep the stock market under tremendous pressure in the near term. Amid this backdrop, investing in fundamentally sound stocks AbbVie (ABBV), Acuity…

StockNews.com

How to save on school supplies by tapping your community

Back-to-school shopping is extra expensive this year, due to inflation

The Independent UK

UK house prices: history says the market is in for a long slowdown not a crash

It’s going to be easier to get on the property ladder following a recent decision by the Bank of England to relax some of the criteria for getting a mortgage. Combined with expectations of a slowdown in the property market, this news will be something of a relief to those…

The Conversation

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Inflation to hit ‘astronomical’ 15% next year as UK households face £3,600 energy bills

Bank of England expected to hike interest rates by 0.5% to tame out of control price rises fuelled by Russia’s war in Ukraine

The Independent UK

Cost of living poll: Tell us how rising inflation is affecting you and your family

We want to hear your views on what should be done to help ease the burden on people in Northern Ireland

Belfast Live

Greggs sausage roll and steak bake prices set to soar as costs rise, chain warns

Bakery chain says inflation means costs could go up

The Independent UK

More financial pain to come as experts warn inflation could hit 15 per cent

Interest rates are expected to rise as the Bank of England tries to tackle spiralling inflation

Wales Online

If you think inflation is bad here, Turkey has us beat

Inflation in European nation has reached eye-watering levels

Wales Online

How high will interest rates go? It depends on how much we spend

Australians are buying fewer groceries and household goods as soaring prices and rising mortgage rates squeeze everyone from workers to retirees.

The New Daily

Half a million facing mortgage timebomb as London homeowners hit with 0.5% interest rate rise

Worst payment hikes in London and South-East as fixed deals end

Evening Standard

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Dublin Live

Social Welfare Ireland: Calls for €20 welfare increase and universal public childcare in Budget 2023

'Inflation has the heaviest impact on those who have the least and that women are being hit the hardest'

The Independent UK

Inflation weighs on back-to-school buying for many families

This back-to-school shopping season, parents are focusing on the basics while also trading down to cheaper stores as surging inflation takes a toll on their household budgets

The Independent UK

Inflation in Turkey rises to nearly 80%, hitting consumers

Annual inflation in Turkey soared to nearly 80% in July

The Independent UK

OPEC+ to decide oil output to world amid high inflation

The OPEC oil cartel and its allies are meeting to decide how much oil to produce in September

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Asharq Al-Awsat

Turkish Inflation Hits Almost 80%, Peak Might Be Near

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira's continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts. Inflation began to surge last autumn, when the lira slumped after the…

WEKU

In Sri Lanka, inflation means food shortages, blackouts — and days-long lines for gas

Sri Lanka offers a cautionary tale for countries struggling with inflation. Anger over fuel lines spilled into the streets and toppled a government. Will nationalism surge, or unity prevail?

Kiplinger

The Inflation Reduction Act and Your Taxes: What to Know for 2025

The Inflation Reduction Act increased IRS funding, changed tax policy, and offered new and expanded tax credits.

WEKU

Binders, backpacks... and inflation are on this year's back-to-school shopping list

This year's back-to-school shopping season lands in the middle of the highest inflation in four decades — how will this affect spending?

Tribune News Service

Commentary: As Americans reel from stagflation, Manchin pitches tax hikes

Stagflation is here. Inflation notched a fresh 40-year high of 9.1 percent in June, and the economy shrank in the first and second quarters of the year.

The Philadelphia Inquirer

Editorial: It’s not time to panic — yet — about the nation’s economic woes

Any good financial adviser will tell his novice clients to refrain from checking the stock market every day to see how their investments are doing. It’s the long term that counts, not the volatility of daily buying and selling on the exchanges. That same caution should be applied to trying…

Tribune News Service

Commentary: It’s time to raise the federal minimum wage

Inflation is a big problem these days. Prices are rising for everything from bacon to rent to hotel rooms. And while the Federal Reserve announced aggressive measures to curb costs last week, not all economists believe this is the best approach for helping working people.

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