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The Latest Breaking News from Inflation

As Election Looms, BoE Set To Sit Tight On UK Rate

The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting.

International Business Times

UK interest rates: Bank of England announces interest rate decision after fall in inflation

Bank decision on interest rates comes a day after inflation fell to 2%

The Independent UK

Dallas among top three cities hit hardest by inflation, study shows

The city saw price increases above the national average in May, according to a report by WalletHub

Latin Times

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New York Cuts Real Rents at Rent-Stabilized Apartments

The city's Rent Guidelines Board approved a nominal 2.75 rent increase for one million rent-stabilized apartments. That's below the year's 3.3 percent inflation rate.

Reason

Rising costs, rates cook record number of businesses

Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins.

AAP

UK inflation: which everyday items have fallen in price most?

The cost of gas, electricity and garden furniture has plunged … but cocoa and vets’ services cost a lot more

The Guardian - UK

Rishi’s LBC phone-in, inflation falls and Tories face London wipe-out - The Standard podcast

Plus a full automated transcript of today’s episode...

Evening Standard

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Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?

While some like to suggest another hike is needed, the RBA is not so quick to dismiss the pain the economy is already feeling

The Guardian - AU

Average London house prices down 4% annually in April — could cheaper mortgages be ahead?

The house price figures were released as data showed that inflation slowed to 2% in May.

Evening Standard

Trump Praises Milwaukee, Targets Biden On Immigration In Wisconsin Rally

Former President Trump clarifies 'horrible' comment about Milwaukee, criticizes Biden's policies, and endorses a Republican Senate candidate in Wisconsin.

Top News

How do interest rates affect inflation and mortgages?

Hopes have been raised that lower levels of inflation will mean interest rates cuts and in turn lower mortgage costs

The Independent UK

Trump Slams US Economy At Wisconsin Rally Despite Foxconn Setback

During his speech, Trump avoided mentioning Foxconn, instead focusing on current economic issues such as high inflation and soaring mortgage rates.

International Business Times

OPINION - The Standard View: The Tories have all but given up on Londoners

Last autumn, a family of five beavers was released back into west London as part of the city’s rewilding scheme. If the polls are close to correct, a similar plan may be required for Conservatives in the capital.

Evening Standard

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The Independent UK

Average UK house price increased by 1.1% annually in April

The house price figures were released as data showed that Consumer Prices Index (CPI) inflation slowed to 2% in May.

The Independent UK

Research finds horrifying cost of a pint in 2040 if inflation stays at recent levels

Lager prices have soared 11% in a year - but there could be even worse news for drinkers around the corner

Evening Standard

'We got there,' says Rishi Sunak as inflation hits 2% after 11% peak as cost-of-living crisis grew

In rare glimmer of good news for the Tories, inflation dropped to the Bank of England’s two per cent target in May

International Business Times

UK Inflation Slows To Central Bank's 2% Target

British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime Minister Rishi Sunak's struggling election campaign.

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The Guardian - UK

Upbeat inflation news may be too little, far too late for Sunak

It will take time for voters to forget the financial toll from the highest inflation in four decades – and time is not on the PM’s side

The Independent UK

How could the new inflation rate affect food prices and bills?

UK inflation slowed to 2 per cent in May, dropping to its lowest level since July 2021

The National (Scotland)

UK inflation rate falls to lowest level in almost three years

Inflation has returned to the 2 per cent target for the first time in almost three years in what comes at a critical time, just weeks before the…

Evening Standard

FTSE 100 Live 19 June: UK inflation hits Bank of England's 2% target, blue-chips slightly lower

The UK’s inflation rate today slowed to 2%, its lowest level in almost three years.

The Independent UK

UK inflation falls to Bank of England's 2% target rate for first time in nearly 3 years

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

Evening Standard

Inflation finally falls back to its 2% target in major victory for the Bank of England

CPI inflation was last at 2% in July 2021 but rose rapidly to peak at a 41 year high of 11.1% in October 2022

The Independent UK

Inflation drops to Bank of England’s 2% target for first time in almost three years

Inflation dropped to 2% in May, down from 2.3% in April, according to the Office for National Statistics

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