The Latest Breaking News from Inflation

THE Scottish Government “responded quickly” to inflation but urgent reform is needed to public services, auditors have said.

The UK chancellor Jeremy Hunt will have limited room for manoeuvre when he makes his autumn statement about the government’s financial plans on November 22. The government is committed to supporting the Bank of England’s current strategy for reducing inflation, which involves using rate hikes to slow down economic activity.

“Whoever told him to run on Bidenomics has no idea how to read an economics textbook,” the Wall Street titan said.

Premier Foods, which also owns Angel Delight and Bisto, says it plans further reductions

More Americans filed for jobless claims last week, but the labor market remains broadly healthy in the face of retreating inflation and elevated interest rates

In this special edition, we zoom in on the tight race for president in Argentina, between far-right populist Javier Milei and ruling party candidate Sergio Massa. The stakes are high in the country plagued by soaring inflation as the two candidates propose opposite plans to resolve Argentina’s worst economic crisis…

Inflation slowing to 3.2% last month means home shoppers may benefit from stabilizing consumer prices and cheaper mortgages, if the Fed cuts interest rates.

Inflation very gradually easing but many households still struggling

Many households still struggling and facing costly winter, even as inflation begins to ease

In the new paradigm, the best investment categories of the last decade should prove the worst performers going forward, while the beaten-down, unloved sectors of recent years are likely to thrive.

The price of Mr Kipling slices are also set to fall, and more Premier Foods products like Bisto gravy and Ambrosia custard could follow as the year goes on