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The Latest Breaking News from Inflation

Argentine Shopkeepers Struggle To Keep Pace With Soaring Prices

Paola Basso sighs as she hastily sticks price tags one on top of the other in a suburb of Buenos Aires, as the cost of goods soars after the election of libertarian outsider Javier Milei.

International Business Times

Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

The Independent UK

Stock Index Futures Mixed as Bond Yields Climb Ahead of U.S. PMI Data

December S&P 500 futures (ESZ23) are up +0.03%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.11% this morning as U.S. Treasury yields climbed after trading resumed following a holiday, while market participants geared up for U.S. business activity data.

Barchart

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S&P Futures Tick Higher Ahead of U.S. PMI Data

December S&P 500 futures (ESZ23) are trending up +0.10% this morning as market participants geared up for U.S. business activity data.

Barchart

Biden’s Birthday Celebration Overshadowed By Soaring Thanksgiving Food Costs

Contradicting White House claims, Thanksgiving turkey and grocery prices continue to rise

Zenger

Russian consumers feel themselves in a tight spot as high inflation persists

The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat

The Independent UK

December dates for benefits, pensions and cost of living payments

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

The Independent UK

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November dates for benefits, pensions and cost of living payments

Inflation very gradually easing but many households still struggling

The Independent UK

Stock market today: Asian shares are mixed, as Hong Kong retreats on selling of property shares

Shares are mixed in Asia, with Hong Kong retreating on selling of property shares following recent gains

The Independent UK

What is this year’s Social Security cost of living increase?

In September 2023, 58.2 million Americans received Social Security retirement benefits. Those benefits will increase 3.2% in 2024.

USAFacts

UK shoppers expected to buy fewer Black Friday goods amid cost of living crisis

Spending predicted to be up just 0.4% on 2022 as inflation and Amazon warehouse strikes hit discount event

The Guardian - UK

Hunt the crap magician can’t escape his own autumn statement illusion

Debt is not coming down. We haven’t beaten inflation. Taxes aren’t falling. But Jezza sails through interviews, believing it all

The Guardian - UK

Turkey's central bank hikes interest rates again as it tries to tame eye-watering inflation

Turkey’s central bank has delivered another huge interest rate hike as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods

The Independent UK

OPINION - The Standard View: The launch of our Winter Survival Appeal

Rishi Sunak may have met his pledge to halve inflation, but across the capital food banks report queues doubling. As the cost of necessities such as food, energy and rent continues to rise, people in London and around the country are going to bed hungry, cold and in cramped conditions.

Evening Standard

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Evening Standard

Jeremy Hunt's Autumn Statement still leaves hundreds of pounds shortfall for workers despite tax cuts

Number crunching shows mixed picture despite Chancellor's claims

Latin Times

Oil Drops Further After OPEC Delay As Asian Stocks Struggle

Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates.

The Independent UK

December dates for benefits, pensions and cost of living payments

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

The Independent UK

November dates for benefits, pensions and cost of living payments

Inflation very gradually easing but many households still struggling

Get all your
news in one place.

100's of premium titles.
One news app.

AAP

Australian shares sink after hawkish talk from RBA boss

The local share market closed down 0.6 per cent to hit its lowest level in a week following a speech by RBA governor Michelle Bullock.

The Independent UK

Hunt hints at more tax cuts before next election after ‘making a start’

The Chancellor faces further analysis from the Office for Budget Responsibility on the autumn statement.

Barchart

Stocks Post Moderate Gains on Positive Corporate News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.43%. Stocks on Wednesday finished higher, with the S&P 500...

Barchart

Dollar Gains on Strong Economic News and Rising Bond Yields

The dollar index (DXY00 ) on Wednesday rose by +0.34%. Stronger-than-expected U.S. economic news Wednesday on weekly jobless claims and University of Michigan U.S. Nov consumer sentiment and inflation expectations supported moderate gains in the dollar. Also, higher T-note yields on Wednesday strengthened the dollar’s interest rate differentials. U.S. economic...

The Independent UK

Hunt claims UK has ‘turned a corner’ as he slashes national insurance

With an eye on next year’s election, Chancellor Jeremy Hunt began easing the tax burden but it will still hit a record high.

The Independent UK

Single mother says Hunt’s welfare reforms ‘won’t really help people like myself’

Universal Credit and other benefits will increase by 6.7% next year in line with September’s inflation figure, Jeremy Hunt said.

Barchart

Stocks Gain on Positive Corporate News

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.56%. Stocks this morning are moderately higher, with the S&P...

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