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The Latest Breaking News from Inflation

The cost of NHS prescriptions will rise from this weekend

Prescriptions will rise by the inflation rate of 3.21 per cent this weekend

Manchester Evening News

'Households are going to have more money to spend' - Expert gives inflation projection for 2023

"There have been developments in the energy markets in particular over the last couple of months that lead us to believe that the inflation rate won’t be as high as that for this year"

Irish Mirror

Housing market 'completely altered' as first quarter prices fall for the first time in decade

'The invasion of Ukraine and the associated shift in macroeconomic conditions, especially the rise in inflation and in interest rates, has completely altered conditions in the [housing] market'

Dublin Live

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Next expects price rises to slow this year in sign that inflation is easing

Retailer reports record annual profits of £870m after stronger-than-expected sales but says 2023 could be ‘very challenging’

The Guardian - UK

Scottish economy expected to return to growth in 2024

Projections suggest Scottish GVA will fall by 0.6% during 2023, largely within in the first six months

Insider UK

BoT raises key rate a quarter-point

The Bank of Thailand on Wednesday raised its benchmark interest rate for a fifth straight time and signalled that more tightening is on the horizon to return inflation to its target.

Bangkok Post

Afternoon Update: all eyes on RBA as inflation slows; Hillsong founder’s DUI charge; and amateur prospector’s $250,000 find

Annual inflation rate dropped in February to 6.8% – the slowest pace since June last year

The Guardian - AU

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Cost of the South Wales rail Metro electrification project hits £1bn

Covid and soaring inflation has pushed up the cost of the Welsh Government's flagship transport project by around 40%

Birmingham Post

Burke hints at support for another big lift in minimum wage

The government has given its strongest indication yet of support for the minimum wages, as inflation continues to bite.

The New Daily

Watch: Inflation falls, Obama Aussie tour, Re-shaping DV attitudes

Watch: Inflation figures fall. Former US President Barack Obama has attended his first public speaking event of his Australian tour in Sydney last night.

The New Daily

Australia’s annual inflation rate falls to 6.8% fuelling hopes cost of living pressures are easing

Figures indicate Reserve Bank may consider pausing interest rates at its next meeting on Tuesday

The Guardian - AU

Inflation slows ahead of crunch interest rates decision

Inflation has moderated to 6.8 per cent in the 12 months to February, down from 7.4 per cent in January.

The New Daily

Inflation keeps falling, increasing chances of a Reserve Bank interest rate pause

The official measure of inflation falls for the second month in a row, easing pressure on the Reserve Bank to hike interest rates next week.

ABC News

Thorpe votes with Coalition on Indigenous land council inquiry – as it happened

This blog is now closed.

The Guardian - AU

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Daily Mirror

Asda shopper compares food prices to what she paid a year ago and can't believe her eyes

Asda customer and self-professed 'nerd' Julie McHamish checked her shopping list from the same week a year ago to compare the prices and was stunned to see how much inflation had hit

Irish Mirror

Crypto holders urged to 'try not to panic' as inflation may cause crash

Turbulence in the crypto market can lead a lot of people to panic and sell their coins

StockNews.com

3 Stocks to Plan on Retiring With

High inflation and stock market volatility necessitate adding a defensive layer to your portfolio to save yourself from exhausting all your savings. Hence, one could consider planning their retirement with quality stocks Oracle Corp. (ORCL), CVS Health (CVS), and Humana (HUM), given their strong fundamentals and steady returns. Read on….

Fortune

Goldman Sachs says the banking meltdown is a 'headwind' for the economy but not a recession-causing 'hurricane'

Goldman's chief economist believes tighter lending standards after SVB's collapse will help fight inflation instead of causing a "hurricane that pushes the economy into recession."

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AAP

Labor's values unchanged on minimum wage rise

Australia's lowest-paid workers may be in line for a pay rise that keeps up with living costs as the government's position on the minimum wage takes shape.

Fortune

Billionaire ‘Bond King’ Jeff Gundlach tells the Fed it must choose between fighting inflation or rescuing banks—it can’t do both

The DoubleLine CEO predicted a recession is just months away.

Wales Online

National Minimum Wage: How much extra you will get when wages increase on April 1

An increase is coming, but workers are also being hit hard by rising inflation

The Independent UK

Push in states for $20 minimum wage as inflation persists

Just years after labor activists persuaded a handful of states to raise their minimum wage to $15 per hour, workers initially thrilled with the pay bump are finding their hard-won gains erased by inflation

The New Daily

50-50: RBA mulls rate hike as retail sales slow

Australians are spending less time at the shops as sky high inflation and rapidly rising interest rates eat into retail sales.

Asharq Al-Awsat

Iran’s Raisi Vows to Overcome Challenges, Blames Predecessor for Economic ‘Imbalance’

Iranian President Ebrahim Raisi pledged to fulfill promises made to his citizens and defended his “balanced” foreign policy, blaming the previous government, which was headed by Hassan Rouhani, for economic instability and “challenges” facing the country. The Iranian government’s website quoted Raisi as saying that the government’s internal policy depended…

Evening Standard

Surge in supermarket food prices fuels big squeeze

Record rise in cost of shopping sends annual bill for food and drink staples up £837

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