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The Latest Breaking News from Inflation

Royal Mail warns price of stamps and sending parcels could rise again

It comes a month after the price of a first class stamp aas hiked by 10p

Manchester Evening News

Interest rates might have to rise further to tackle soaring inflation says Bank of England chief economist

Welshman Huw Pill was speaking at an ACCA Wales event in Cardiff

Birmingham Post

House prices: Will rising interest rates cause a property market crash?

House prices jumped 9.9 per cent in the year to March 2022. With interest rates increasing, is a crash on the way?

The Independent UK

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Tennent's boss warns of further price hikes as Scots return to pubs for cup final

The cost of living crisis and inflation has led to "anxiety" about the future of the pub industry.

Daily Record

G7 offers $9.5 billion new aid for Ukraine, ready with more

The Group of Seven's financial leaders agreed on $9.5 billion in new aid to Ukraine on Friday and promised enough money to keep the country's devastated economy afloat as long as it fights against Russia's invasion.

Reuters

Bristol deputy mayor says inflation 'real risk' to green business goals

Cllr Craig Cheney and NatWest’s head of climate change met small businesses in the city working towards more environmentally friendly operations

Birmingham Post

Martin Lewis' stark civil unrest warning as households face more bill hikes

The founder of the MoneySavingExpert website says the public mood is desperate and angry

Liverpool Echo

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Sunday Times Rich List: Rishi Sunak and wife Akshata Murty enter list with £730m fortune

The Conservative chancellor and Akshata Murty, his wife, have joined the elite of millionaires and billionaires as most households battle rising inflation and soaring energy prices.

Daily Record

Quarter of us are dipping into our savings in cost of living crisis

Half of us expect household finances to worsen

Wales Online

Is it time to freak out about the stock market and the economy?

With inflation surging, the war in Ukraine roiling global markets and the after-effects of the pandemic still clogging supply chains, everyday investors have been jittery. But some had their nerves pushed to the edge this week after the Dow Jones Industrial Average took a swoon on Wednesday of more than…

Tribune News Service

Combined wealth of Scotland's billionaires grows as cost-of-living crisis hits public

SCOTLAND'S 10 billionaires saw their combined wealth grow over the last year, the Sunday Times Rich List 2022 has revealed.

The National (Scotland)

Commentary: Biden’s trip to Chicago highlights the deeper problems in Democratic leadership

In Joe Biden’s America, life is not easy. For those of us who call Illinois our home, it’s not hard to see how Democrat policies have negatively affected our lives — even more so than our families who live in neighboring states.

Chicago Tribune

Consumer confidence plunges to lowest level on record as living costs soar

Worst outlook for almost half a century after inflation surges

The Independent UK

Retail sales in Great Britain jump despite soaring inflation

Part of April increase may be down to people staying in to save money, says ONS

The Guardian - UK

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The Independent UK

How to cope with the rising cost of living

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

Wales Online

Martin Lewis warns of civil unrest when bills go up again in October

There are fears people will take to the streets in protest at spiralling costs

The Guardian - UK

BoE economist sees interest rates rising higher; retail sales bounce despite inflation – as it happened

BoE’s Huw Pill says MPC faces its biggest challenge in 25 years, and indicates further monetary tightening needed to avoid wage-price spiral

The Independent UK

'I can’t see the light': War fuels surging prices in Europe

Russia's war in Ukraine has accelerated inflation across Europe, with prices for energy, materials and food surging at rates not seen for decades

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ABC News

Sri Lanka Prime Minister warns of food shortages amid economic crisis and lack of fertiliser

Sri Lanka's Prime Minister warns of a food shortage and vows the government will buy enough fertiliser for the next planting season as the island nation battles a devastating economic crisis.

The Hindu

On inflation, the government and the RBI are walking a tight rope

Fiscal and monetary policy coordination is crucial to sustain the economic recovery

Bristol Post

Ten richest people in south west revealed - including nine billionaires

There were a record number of new billionaires in the UK this year

The Independent UK

Asian stocks rise after Wall St slips closer to bear market

Asian stock markets have advanced after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation rose

Reuters

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

Thousands of people queued for cooking gas and petrol in Sri Lanka's commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic crisis.

The Independent UK

Australia set to go to polls in expected close election

Australians will go to the polls Saturday following a six-week election campaign that has focused on pandemic-fueled inflation, climate change and fears of a Chinese military outpost being established less than 1,200 miles off Australia’s shore

Tribune News Service

Grants for restaurants, small businesses blocked in Senate

WASHINGTON — Deficit-concerned senators blocked the Senate from considering a $48 billion aid package for restaurants and other small businesses Thursday, likely dealing a fatal blow to a months-long effort to provide a final round of relief for industries that suffered major revenue losses during the pandemic.

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