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The Latest Breaking News from Inflation

The Standard View: London wildfires are an ominous warning – we must make net zero a reality

The cost-of-living crisis is not taking a summer break. Prices are continuing to rise at their fastest rate for 40 years as inflation hit 9.4 per cent in May, driven by fuel and food costs.

Evening Standard

How soaring inflation will affect your household budget and spending over the next few months

The rate of inflation rose from 9.1% in May to 9.4% in June.

Daily Record

Fuel, energy and eight other things rising in price as inflation hits 40-year high

ONS data measuring price indexes has shown that the cost of living crisis is almost at its peak

Chronicle Live

From analysis to the latest developments in health,
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‘Everything is going up’: UK hospitality sector struggles as inflation soars

Businesses face squeeze but are reluctant to pass costs to consumers facing cost of living crisis

The Guardian - UK

UK inflation: what goods and services have risen in price and by how much

From milk to mineral water, petrol to pet products – how the costs of goods and services have surged

The Guardian - UK

‘I see price rises of 25-50%’: how inflation is affecting people with a disability or illness

With the rate at 9.4%, UK households are feeling the pressure of the cost of living crisis

The Guardian - UK

What is inflation? UK rate increases unexpectedly to 3.6%

Inflation has unexpectedly jumped to 3.6%. But what is it, how is it calculated and what does it mean for wages and mortgages?

Evening Standard

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Exactly how much more expensive everything is today than 12 months ago

Milk has gone up 26.3%, some fuel has gone up 128.9%

Wales Online

5% pay rises ‘are generous and the final offers’ says minister as unions threaten strikes

The below-inflation pay rises being offered to public sector workers are “extremely generous”, the Chief Secretary to the Treasury insisted on Wednesday as unions threatened strikes at schools and hospitals.

Evening Standard

Russian seafood sanctions hit with Grimsby cluster chiefs warning of potential to push prices up

Processing issue not major but inflationary impact being monitored as supply chains change

Birmingham Post

What soaring inflation means for you - and five steps you need to take now

Key questions answered - including why everything is getting more expensive and what help you will get

Wales Online

Average UK house now costs £283,000 after 12.8% surge - where prices have risen the most

Latest property costs as England, Wales and Scotland all hit record levels in May

Wales Online

Average UK house price is £32,000 higher than a year ago

Property values in England, Wales and Scotland all hit new record levels in May, according to the Office for National Statistics.

The Independent UK

Lynn Schmidt: Reasons to cheer Joe Manchin

Three centrist cheers for Sen. Joe Manchin III. Manchin’s stance on three key issues may be unpopular with some of his Democratic colleagues but they are popular with Americans.

St. Louis Post-Dispatch

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The Independent UK

Aldi named cheapest supermarket in UK

Shoppers are looking to save money as inflation hits 40-year high

The Independent UK

UK inflation surges to new 40-year high of 9.4%

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis

The Guardian - UK

UK inflation rise is worrying but Bank of England must not overreact

Analysis: Figure is being generated by factors outside Britain, and households and firms can do without burden of higher interest rates

Asharq Al-Awsat

Armani Revenues up 20% in H1 after 2021 Recovery

Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year. Revenues "now constantly exceed the levels achieved in 2019, thus setting…

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Daily Mirror

The 10 items going up in price the fastest as inflation hits 40-year high

The cost of living crisis is hitting a peak as almost all prices measured by the ONS are going up - here are the goods that are costing you the most, from petrol to insurance

Asharq Al-Awsat

Saudi Arabia Leads Contract Awards in GCC

Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems and higher oil prices primarily driven by the Russia-Ukraine conflict. Higher crude oil price was the most significant contributor to inflation numbers across countries, including in the…

The Hindu

Is it 'unparliamentary' to discuss inflation: Priyanka Gandhi slams govt

BJP-led government increased the burden of inflation further by imposing "Grihasthi Satyanash Tax (GST)", says Priyanka Gandhi Vadra

Daily Record

DWP rejects call to increase PIP and other disability benefits in line with inflation before next April

The rate of inflation rose to 9.4% in June from 9.1% in May.

Reuters

Underwhelmed by government pay rises, UK's doctors, nurses and teachers mull strikes

Britain's nurses, doctors and teachers moved towards strike action on Wednesday, demanding wages keep pace with soaring prices as the government defended its decision to award below-inflation pay rises for public sector workers.

Daily Record

Inflation soars to 9.1 per cent threatening savings, wages and family budgets

Experts warned that rising prices are “bad news for everyone”.

Tribune News Service

Editorial: Rebuilding after Build Back Better: Democrats can get mad, but they’d be better off looking for fresh victories

We can’t disagree with the anger aimed at Joe Manchin for dragging the Senate along for months before finally admitting there’s no pared-down version of a Build Back Better bill he will support after all. Manchin uses inflation as an excuse but simultaneously says he can’t countenance raising taxes on…

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