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The Latest Breaking News from Inflation

Florida faces a big summer of travel and tourism. The ‘people had to come,’ governor says

FORT LAUDERDALE, Fla. — Florida is experiencing yet another boom in tourism well into May this year — with the slow days of summer long gone, industry experts say.

Tribune News Service

Supermarket items which have soared by 20 per cent named by Which?

A new study has shown an 'eye-watering' increase in a number of basic items for shoppers across the UK. It also shows that own brand items availability is at a low

Liverpool Echo

Conservative peer who helped to set up universal credit system calls for urgent benefits increase

Exclusive: Baroness Stroud says ‘We have the opportunity to intervene’ amid cost of living crisis

The Independent UK

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read the most diverse news in one place.

What 9 per cent inflation means for you as rate hits 40-year high in biggest squeeze on cost of living for decades

Millions of households are under pressure to cut back on spending as prices soar

Manchester Evening News

BT customers will start to see broadband bills rise as price hike kicks in

One BT customer has seen their bill up up by almost 10%

Manchester Evening News

Cost of living crisis: Hundreds of supermarket products more than 20 per cent pricier over last two years

There are also fewer supermarket-own products available and less discounts and offers

Manchester Evening News

‘We’ve been inundated’: UK housing market frenzy shows no signs of slowing

Buyers face bidding wars to snare homes despite soaring inflation, cost of living crisis and fears of property crash

The Guardian - UK

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Even Tories now admit Brexit is making cost-of-living crisis worse, say SNP

BREXIT is making the cost-of-living crisis “worse” and is contributing to the soaring bills and rising inflation hitting Scottish families, a…

The National (Scotland)

SNP Government accused of failing to rule out 12% rise in water charges

Jackie Baillie, Labour MSP for Dumbarton, slammed the Scottish Government for signing off on a two per cent rise above inflation on bills.

Daily Record

Fears summer rail strike could lead to empty supermarket shelves and petrol pumps

A "summer of discontent" with empty supermarket shelves and petrol stations running dry is feared if a rail strike takes place as unions ask for a pay rise to keep in line with inflation

Daily Mirror

Wall Street’s final-hour rally saves it from maw of bear market

Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession.

Chicago Sun-Times

‘It’s ridiculous’: shock as some UK grocery prices rise by more than 20%

Which? analysis finds cereal, mushrooms and cheese among the items to have risen the most

The Guardian - UK

Foods which have soared in price by 20% in two years at supermarkets like Tesco and Asda

The cost of food has been going up, but now an investigation by consumer group Which? has found many have risen by 20%, as well as supermarkets offering fewer discounts

Daily Mirror

Hundreds of grocery items more than 20% pricier over last two years – Which?

Prices rose at the same time as the availability of supermarket discounts and budget ranges – upon which consumers are increasingly relying – fell.

The Independent UK

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Wales Online

Hundreds of grocery items cost 20% more than in 2020, study finds

Across 20 categories of groceries, fizzy drinks saw the biggest average price rise at 5.9%, followed by butters and spreads

Tribune News Service

Will a $15.50 minimum wage hurt or help California's economy?

California's minimum wage is likely to rise to $15.50 an hour in January because of inflation, said Gov. Gavin Newsom on Thursday.

Reuters

Australia ousts conservatives after nine years, Albanese to be PM

Australia's Labor Party was set to end almost a decade of conservative rule as the government was swept away in Saturday's election by a wave of support for candidates who campaigned for more action on climate change and may hold the balance of power.

StockNews.com

2 Recession Stocks to Buy Right Now

Multi-decade-high inflation and aggressive Fed rate increases might push the economy into a recession. So, investors looking to mitigate a market downturn should invest in Dollar Tree (DLTR) and Vertex Pharmaceuticals (VRTX), as they could deliver stable returns because their businesses enjoy a near-inelastic demand.

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Bangkok Post

Worries about economic slowdown depress stocks

Recap: Global shares moved higher on Friday but were still heading for losses compared with a week earlier as investors remain worried over high inflation and an economic slowdown.

Tribune News Service

Stocks pare losses after dipping into bear market: Markets wrap

U.S. stocks pulled back from session lows after the S&P 500 dipped 20% below its Jan. 3 closing record. Treasuries and the dollar gained as havens caught bids.

Benzinga

S&P 500 Falls For 7th Consecutive Week Amid Ongoing Inflation, Federal Reserve Rate Hike Fears

U.S. indices rebounded off session lows Friday to finish mixed. Markets at large traded lower this week amid a continued sell off in stocks following recent earnings from retail companies. Concerns over recent inflation data and further Federal Reserve policy tightening also continue to weigh on stocks.

The Guardian - AU

‘Through the roof’ food prices in remote NT are forcing Aboriginal families to make impossible choices

Community groups say inflation and increased freight charges are making basic essentials ‘unaffordable’ for the most vulnerable

StockNews.com

2 Buy-Rated Stocks That Recently Declared a Dividend Increase

Because recession concerns could keep the overall stock market under pressure in the near term, it could be wise to bet on dividend stocks to secure a steady portfolio income stream. So, we think it could be wise to scoop up shares of Cardinal Health (CAH) and Phillips 66 (PSX),…

Benzinga

Bullard Suggests FOMC Could Lower Interest Rates As Soon As 2023: What You Need To Know

After dipping into bear market territory, the S&P 500 experienced a bit of a midday bounce on Friday following some uncharacteristically dovish comments from St. Louis Federal Reserve Bank President James Bullard.

Daily Mirror

ASDA offers customers massive discount depending on your job amid cost of living crisis

The war on food prices is ramping up as Asda joins Iceland in offering big discounts at the tills in an attempt to ease the burden of the worsening cost of living crisis in Britain

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