The Latest Breaking News from Inflation

Inflation climbs 3.8% in the year to October with childcare costs and rent among the drivers

Annual inflation rose to a 16-month high of 3.8% in October, adding to pressure on the government as it seeks to make savings across the public sector.

Chancellor to set out tax and spending plans shaped by weak productivity, high borrowing costs and cost of living crisis

A Reserve Bank official says the neutral rate may have increased since the pandemic, which would limit how far rates could be cut without adding to inflation.

The Austealian share market has clocked a third straight day of gains, but sticky inflation snuffed hopes of future interest rate cuts.

Treasurer Jim Chalmers says government deciding on energy rebate extension in ‘next few weeks’ as cost of living continues to bite

Inflation erodes purchasing power, making it one of the greatest threats to retirees living on fixed incomes. Rising costs for food, housing, and healthcare can...

The end of the year is a critical moment for seniors to review their finances. Tax rules, retirement distributions, and investment strategies often change in...

Middle-class families are feeling the squeeze more than ever as grocery inflation pushes everyday prices higher each month. The cost of essentials continues to rise, leaving shoppers to rethink their strategies and develop smarter habits to protect their budgets. Instead of giving in to higher bills, many families are learning…

It also comes as firms are still reeling from Reeves' £25billion raid on employers' National Insurance in last year's Budget.

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.