The Latest Breaking News from Inflation

British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week.

The discrepancy is to do with a mistake in April’s figures linked to vehicle excise duty.

Interest rate speculation and Middle East uncertainty today held back European markets during a lacklustre session for the FTSE 100 index.

Annual rate slows in May from 3.5% in April despite record increase in chocolate prices

Heidi Alexander vows to ‘sort out’ HS2 project which is delayed beyond 2033; UK inflation dips to 3.4%

The US central bank is expected to hold interest rates steady Wednesday after its key policy meeting, as officials gauge the impact of tariffs on inflation -- and despite President Donald Trump's calls for rate cuts.

The tax cuts bill currently being debated by the US Senate will add another US$3 trillion (A$4.6 trillion) to US debt. President Donald Trump calls it the “big, beautiful bill”; his erstwhile policy adviser Elon Musk called it a “disgusting abomination”.

The dollar index (DXY00 ) Tuesday rose by +0.83%. The dollar moved higher on Tuesday on an increase in liquidity demand for the dollar as stocks fell after President Trump downplayed the chance of an early end to the Israel-Iran war and said he wants "unconditional surrender" from Iran. Gains...

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