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The Latest Breaking News from Inflation

UK worst in G7 at curbing inflation, analysis finds

THE UK is the least successful country in the G7 at curbing inflation, new analysis has concluded.

The National (Scotland)

AO World says inflationary pressures are easing, as it returns to profit

Electrical goods retailer reports pre-tax profits of £8m in year to end of March after big restructure

The Guardian - UK

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

The Independent UK

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Istanbul’s bellydancers and DJs fight for survival as Turkey’s night-time economy takes a hit

With inflation at more than 100%, and a ruling party hostile to Istanbul’s vibrant nightlife culture, performers and bar owners are facing severe struggles

The Guardian - UK

Inflation unexpectedly up in June but at slower pace

Thailand's headline consumer price index (CPI) increased 0.23% in June from a year earlier, slowing from a 0.53% year-on-year rise in the previous month, the Commerce Ministry said on Wednesday.

Bangkok Post

Childcare fees in Australia outpace inflation with rises of up to 32%, report finds

ACCC says households now paying 4% to 15% more for care and services as Albanese government’s cheaper childcare package comes into force

The Guardian - AU

Inflation – a deeper story

Peter McGahan, chief executive of Worldwide Financial Planning speaks about inflation

Birmingham Post

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Congress calls PM Modi ‘Menhgaai Man’, blames Centre for price rise

NEW DELHI: The Congress on Tuesday lashed out at the Narendra Modi government for, what it said, its “failure” to control inflation. Describing the prime minister as ‘Menhgaai-Man’, it alleged that inflation had broken all records under his regime. The women’s wing of the principal opposition party staged a flash…

The Times of India

PM asserts budget created space for RBA to pause hikes

The prime minister says the federal government has done its bit to help the central bank fight inflation by banking revenue gains and controlling spending.

AAP

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors

The Independent UK

Congress slams Modi government over price rise, organises flash protests outside BJP headquarters

The All India Mahila Congress, led by its chief Netta D’Souza, organised a flash protest outside the BJP’s headquarters to demand relief for people from the rising inflation in prices of essential food items.

The Hindu

People are finally waking up to the truth about our economy

This is the latest newsletter from Scotonomics. To receive the email direct to your inbox every Tuesday for free, click here.

The National (Scotland)

7 highlights from Rishi Sunak mega-grilling on small boats, cost of living and inflation

The PM often looked uncomfortable as he was quizzed by senior backbenchers on issues such as a rise in migrant crossings by small boat across the Channel, the cost of living crisis and inflation

Daily Mirror

Rishi Sunak feels pressure over ‘five key pledges’ as he denies ‘stop the boats’ promise on hold amid Rwanda court battle

Prime Minister also tells MPs he is ‘throwing everything’ at inflation on the six-month anniversary of setting his five priorities for the nation

Evening Standard

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Evening Standard

Wimbledon food and drink prices: Why is the cost of items causing a stir?

Organisers the All England Lawn Tennis Club say food and drink inflation is a ‘significant challenge nationwide’ and that they had had to increase prices

The Guardian - AU

Enjoy it while you can: July’s RBA rate pause is likely to be fleeting, unless a lot goes right

Inflation remains too high globally – and Australia’s may still be ‘out of whack’ by the time the board next meets in August

Evening Standard

OPINION - West End Final: The economic indicator that says we’re headed for recession

At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world.

Daily Mirror

Sainsbury's boss insists food prices ARE starting to fall in boost for shoppers

Supermarket boss says prices will remain higher since Russia's invasion of Ukraine, when a number of key commodities from wheat to oil surged in cost

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The Independent UK

August dates for DWP cost of living payments, benefits and pensions

Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall

Manchester Evening News

Sainsbury's bosses believe they are starting to see the decline of massive price hikes

The UK's second-largest chain has issued an important update about the price of your weekly shop

StockNews.com

3 Home Improvement Stocks Worth Buying This July

With easing inflation and increasing demand for smart and energy-efficient remodeling solutions, the home improvement industry looks poised to grow in the long run. Therefore, fundamentally strong home improvement stocks Sherwin-Williams (SHW), Kingfisher (KGFHY), and Energizer Holdings (ENR) might be solid buys. Read on.

The Independent UK

Fears mortgage rates could hit 7 per cent as experts say rises are ‘out of control’

Bank of England urged to pause hikes and Sunak pressured to offer more support to homeowners facing ‘rolling financial thunder’

Evening Standard

Rishi Sunak’s five pledges: What are they and how much has been achieved?

Mr Sunak made five pledges to “build a better future for our children and grandchildren”. Six months later, what has been achieved?

The Independent UK

Retailers beware: Resumption of student loan payments could lead some buyers to pull back

The reprieve is over

WEKU

Here are the 5 things to know about the state of the economy this Independence Day

As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.

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