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The Latest Breaking News from Inflation

Turkish central bank raises interest rate 42.5% to combat high inflation

Turkey’s central bank has hiked its key interest rate by 2.5 percentage points as part of its efforts to combat high inflation that has left many households struggling to afford essential items

The Independent UK

Turkey's Central Bank Delivers Smaller Rate Hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signalling it is nearing the end of its monetary tightening as it battles double-digit inflation.

International Business Times

Four Ways to Curb Impact of Inflation and Bad Timing on Retirement

A down market right when you retire is bad luck, but add inflation to sequence of returns risk, and you’re facing a double whammy. Here’s how to prepare for that.

Kiplinger

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Broadband, phone and petrol retailers under fire from public in 'greedflation' storm

Britons think prices are being hiked to boost profits, not to meet inflation-linked costs

Evening Standard

Retail inflation for farm workers rises to 7.37% in November, 7.13% for rural labourers

Retail inflation for farm & rural workers rises in Nov due to higher food prices; CPI-AL & CPI-RL indices up in most states.

The Hindu

Stock market today: Asian shares fall as Wall Street retreats, ending record-setting rally

Asian shares have slipped after Wall Street slammed the brakes on its big rally following disappointing corporate profit reports and warnings that the market had simply gone too far, too fast

The Independent UK

Christmas rail travel chaos as Euston services cancelled and Eurostar hit by strike – as it happened

A strike by Channel Tunnel workers has blocked train travel between France and Britain, while powerline problems hit West Coast mainline

The Guardian - UK

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May general election? The economic case for going early (and clinging on)

Falling inflation and tax cuts in a February budget would signal a spring poll but weak growth and rising mortgage bills bode caution

The Guardian - UK

The Patriots are so bad that their latest reported ball inflation controversy won’t matter

No one cared about Deflategate the first time. No one will especially when the Patriots are awful.

USA Today Sports Media Group

UK Consumer Inflation Rate Unexpectedly Decreases In November

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

International Business Times UK

Australia rejects US appeal for warships in Red Sea

Australia will send more navy personnel to the Middle East but has rebuffed a US request to deploy a warship to the Red Sea to help secure vital shipping lanes.

AAP

Holiday Sales: Smartphones, TVs and PCs Cheaper This Year

Smartphones, televisions, computers, and travel costs are less expensive this year, study show, despite ongoing inflationary pressures.

Kiplinger

Dollar Gains on Euro Weakness and Strong U.S. Economic News

The dollar index (DXY00 ) on Wednesday rose by +0.31%. The dollar found support from weaker-than-expected German and UK inflation reports, which knocked European government bond yields lower and weakened the euro relative to the dollar. Gains in the dollar accelerated on the stronger-than-expected U.S. existing home sales and consumer...

Barchart

Inflationary Fever Spreading in Mexico as Core Rates Cool

Prepare for a spicy economic update! Mexico's inflation could be heating up, but don't worry, the core rate might just cool things down. Find out more in o...

Top News

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The Independent UK

How much will your Christmas dinner cost this year compared to last as inflation drops

Carrots will cost some people nearly 46 per cent more than they did last year

Barchart

Will Attacks on Commercial Shipping in the Red Sea Boost Global Inflation?

According to logistics firm Kuehne and Nagel, 103 container vessels are rerouting from the Red Sea around the southern cape of Africa to avoid attacks on commercial shipping in the Red Sea. Some companies are also looking at rail and air routes to avoid shipping through the Red Sea, which...

Barchart

Stocks Recover Early Losses as Soft-Landing Prospects Improve

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. Stocks recovered early losses this morning and are modestly...

Evening Standard

OPINION - Inflation sees sharp fall to 3.9% – but don't expect an interest rate cut just yet

If you worried it was getting awfully close to Christmas and there might not be time for another West End Final about inflation, I have good news.

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The Guardian - AU

Inflation was 2023’s unavoidable topic. Will 2024 bring a change of tack from the RBA?

Heading into a year when economic growth is expected to be low, the hope is the Reserve Bank will ease off on raising rates

Evening Standard

Energy bills could fall £290 by autumn 2024 when next general election expected, say experts

Price cap means many households' energy bill may drop from £1,928 in January to £1,640 by October, say experts

Top News

Economy Soaring: Lower Inflation, Higher Wages, More Job Opportunities

Exploring the state of the economy and Bidenomics, the National Economic Council director discusses progress, challenges, and the quest for affordability.

The Guardian - UK

Cost of private renting in UK rising faster than ever, says ONS

Data is sign tenants failing to benefit from fall in inflation and lower house prices

The Independent UK

Bank of England under pressure to cut interest rates after surprise inflation fall

Labour say more than a million people face higher mortgage payments ‘after the Conservatives crashed the economy’

Evening Standard

Interest rates could be cut by March, City markets predict

But the Bank of England has been warning that rates may stay higher for longer than traders hope

The Guardian - UK

What does the surprise drop in UK inflation mean for you?

The implications of the 3.9% rate for shoppers, savers, borrowers and pensioners

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