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The Latest Breaking News from Inflation

Nottinghamshire MP tells struggling families to ditch Heinz baked beans

The inflation for food and drink prices has hit 19.2% in the year to March, which is almost twice the overall rate of 10.1%

Nottingham Post

Wages are growing (good news!) but they’re still playing catch-up with inflation

Australian wages are rising by closer to 4% than 3%. That’s how fast they should grow when inflation is less than 3%, not 7%

The Guardian - AU

3 Consumer Stocks With Unmatched Market Potential

Consumer spending drove the 1.1% growth in GDP during the first quarter. With strong job growth and cooling inflation, consumer sentiment is expected to improve. Given this backdrop, it could be wise to buy fundamentally strong consumer stocks LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY), Unilever (UL), and…

StockNews.com

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read the most diverse news in one place.

Weak pound, too much stock and inflation behind historic UK cycle distributor's collapse

Holding too much stock after pandemic induced spike in demand hit Moore Large, administrator reports

Cycling Weekly

‘Highly probable’: RBA tipped to hike interest rates in June after wage data

Economists are predicting another interest rates hike after wage growth rose in the March quarter, with risks around low productivity growth.

The New Daily

Bank of England governor Andrew Bailey: We couldn’t have pre-empted inflation crisis

Bailey said the only way to have prevented soaring inflation would have been to hike rates “well into double-digits” at the height of the pandemic

Evening Standard

Stock Index Futures Move Higher on Signs of Optimism Over Debt-Ceiling Talks, Target Earnings on Tap

June S&P 500 futures (ESM23) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.20% this morning as market participants pinned hopes on talks in Washington to resolve the deadlock on raising the U.S. debt ceiling.

Barchart

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Recession Calls Keep Getting Pushed Back, Giving Soft Landing Believers Hope

Defying sharp rate hikes, unemployment stays low and consumers resilient.

Businessweek

Stock Index Futures Move Higher as U.S. Debt Ceiling Talks Take Center Stage, Target Earnings on Tap

June S&P 500 futures (ESM23) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.11% this morning after three major U.S. benchmark indices finished the regular session lower as market participants worried about whether the outcome of the U.S. debt ceiling talks would result in staving off…

Barchart

China dominates the solar power industry. The EU wants to change that

Germany was a pioneer in the solar power industry, but succumbed to competition from China. Now, Germany — and the European Union — are trying to revitalize the industry once again.

WEKU

Slender uptick for Scottish retail sales in April

Scottish sales were 9.1% higher year-on-year, although that reduced to just 0.3% when inflation was taken into account

Insider UK

‘Credible case’ for budget pushing up inflation: Taylor

Angus Taylor says the federal budget will clearly add to inflation, as he delivers his first major assessment of Labor's second economic blueprint.

The New Daily

Tight jobs market underpins 3.7 per cent wages growth

Official wage growth has come in at 3.7 per cent on an annual basis as the competitive labour market keeps worker pay ticking up.

The New Daily

Parliamentary schedule for Wednesday May 17

Parliamentary schedule for Wednesday May 17We will be covering the House of Commons and House of Lords throughout the day.All timings are approximate and subject to business.House of Commons:1130 Scotland questions1200 Prime Minister’s Question Time1245 A 10-minute rule motion on Artificial Intelligence (Regulation and Workers’ Rights)1300 Digital Markets, Competition and…

The Independent UK

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The Independent UK

Slender uptick for Scottish retail sales as inflation eats away at growth

In April, sales north of the border went up by just 0.3% last month once inflation was taken into account, the Scottish Retail Consortium said.

Fortune

The U.K. economist who told Brits to 'accept' being poorer apologizes—kind of

A top U.K. economist ruffled feathers with tactless remarks last month about inflation's primary cause.

The New Daily

Michael Pascoe: JobSeeker is higher than the minimum wage

The thing about increasing JobSeeker – both the government and the Opposition want to make the cut-off for it higher than the minimum wage.

Barchart

Dollar Gains on Positive U.S. Economic News and Higher Bond Yields

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar saw support from stronger-than-expected U.S. manufacturing production and NAHB housing reports, which pushed T-note yields higher. In addition, hawkish Fed comments Tuesday from Chicago Fed President Goolsbee and Richmond Fed President Barkin gave the dollar a boost. Weakness...

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Tom’s Hardware

Hackboard 2 Celeron N4020 Windows 11 SBC Launches at $199

The Hackboard 2 is now available to the general public, but its Intel CPU is pretty old and low-powered, and it seems to have undergone some hefty price inflation.

The Guardian - UK

No 10 food summit ‘no more than a PR stunt’ and failed to tackle key issues

Rishi Sunak’s Farm to Fork meeting, the first of its kind, failed to address solutions to inflation, soaring costs and food security, say attenders

The Independent UK

Westminster ‘stands idly by whilst food prices continue to skyrocket’, SNP says

David Linden called on the UK Government to ‘put pressure on major retailers to pass on falling wholesale prices to consumers’.

Chronicle Live

Millions of UK pensioners could receive an extra £750 next year

Triple lock could mean an extra £750 for people who started claiming their state pension after April 6, 2016, if forecast is correct

Chronicle Live

Charity boss on 'concerning' rise in mental health crisis referrals amid cost of living pressures

During Mental Health Awareness Week, charity boss Adam Crampsie has spoken out about the impact the cost of living crisis and rising inflation has had on people in the North East

The Independent UK

How much extra income tax you’ll pay by 2027 due to frozen thresholds

Think tank says millions of workers will be dragged into higher rate of income tax by 2027

Birmingham Post

Sales up, profits down at Shoe Zone – as store estate shrinks by 52

Profits were impacted by inflation, lower margins due to higher container prices and a weak pound

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