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The Latest Breaking News from Inflation

Waitrose slashing prices on hundreds of its own-brand products

The upmarket grocer is investing £100 million as shoppers battle record inflation

Manchester Evening News

More light and less heat would be appreciated at Philip Lowe’s next grilling on Friday

Lost in the questioning from hostile senators was much insight into why the Reserve Bank wants to keep raising rates

The Guardian - AU

The RBA’s predictions are so dire it’s no wonder people are less confident than they were when the pandemic hit

To survive the next two years of economic growth as predicted without tipping into a recession would be astonishing

The Guardian - AU

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Retail sales jump as Americans defy inflation and rate hikes

America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve

The Independent UK

Greece offers more aid to inflation-hit pensioners and businesses

Greece's conservative government on Wednesday announced more financial aid for pensioners, farmers and businesses hurt by inflation and costly energy bills, launching the latest measures months before a national election.

Reuters

Signs of hope on inflation despite slow price falls

City Comment: There are good reasons to think the worst of the inflation firestorm may well be over

Evening Standard

2 Stocks to Help You Sail Through This Volatile Market

Although favorable macro data rekindled investor optimism, the Fed’s intention of raising rates to tame stubbornly high inflation could possibly tip the economy into recession. With anxiety escalating, it would be wise to add quality stocks Johnson & Johnson (JNJ) and Bristol-Myers Squibb (BMY) to your portfolio to sail through…

StockNews.com

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UK inflation falls again, raising hopes prices will plunge

Britain’s inflation rate fell for a third consecutive month in January, boosting optimism that the cost-of-living crisis has peaked and prices will fall sharply later this year

The Independent UK

Supermarket food prices won’t fall until back end of year, warn major retailers

The inflation rate has fallen for the third successive month but food prices remain high

Evening Standard

Millions of O2 and Virgin customers to be hit with mobile price hikes of up to 17.3%

Virgin Media O2 uses the Retail Price Index (RPI) measure of inflation for January, plus 3.9%, to determine price rises for the following April - RPI was 13.4% which means airtime bills will go up 17.3% for some customers

Daily Mirror

Cost of living pressure on household budgets remains as inflation falls to 10.1%

Money writer Linda Howard, answers your questions and comments on the impact of inflation on cost of living on February 16.

Daily Record

UK inflation: which goods and services have risen most in price?

From low-fat milk to eggs, passenger transport to recreation, how costs have soared

The Guardian - UK

Auto unions seek pay increases of more than 10,000 yen per month

Amid the steepest inflation in about 40 years, labor unions at major automobile manufacturers are demanding monthly pay increases of more than 10,000 yen in the annual shunto spring wage negotiations.

The Japan News/Yomiuri

A lot of pain for inflation gains, RBA boss Philip Lowe tells Senate hearing

RBA boss Philip Lowe gave no clues about how many more mortgage bill hikes are coming in his first public remarks of 2023.

The New Daily

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The Guardian - US

‘Horrible timing’: pandemic food relief ends as inflation sends families scrambling

Emergency allotments helped families weather the Covid crisis and rising prices – but they’ll end in March

The Independent UK

Union calls on staff at 7 German airports to strike Friday

A German labor union has called on workers at seven of the country’s airports to go on strike Friday to press demands for inflation-busting pay increases

Birmingham Post

Profits down at Dunelm as inflation continues to bite

But one analyst said 'a drop off in first-half profit at Dunelm isn’t causing undue alarm' after getting the 'basics of retail right'

The Guardian - UK

UK inflation might be easing – but don’t expect prices to fall

With food inflation at 16.7% and cost of gas up 130%, poorer households are still bearing the brunt of the cost of living crisis

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The Times of India

India may consider tax cuts on fuel, maize to cool inflation: Report

NEW DELHI: India's retail inflation based on consumer price index (CPI) jumped to a 3-month high of 6.52% in January, making it necessary for the government to step and tame the rise.

The Independent UK

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’

Cost of some burgers to go up by 20 per cent

Wales Online

Inflation falls for third month in a row - but remains in double figures

New figures show it fell by more than expected in January

Insider UK

Inflation falls to 10.1% as fuel costs and air fares come down - Chancellor says fight 'far from over'

ONS said 'There are further indications that costs facing businesses are rising more slowly'

The Independent UK

War in Ukraine at 1 year: Pain, resilience in global economy

One year after Russia invaded Ukraine on Feb. 24, 2022, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world already contending with too much of both

Evening Standard

Inflation falls again but remains close to 40-year high

The rate of inflation slowed slightly last month to 10.1 per cent, official figures reveal on Wednesday.

The Independent UK

UK inflation falls for third consecutive month to 10.1%

Office for National Statistics says drop driven by falling price of air and coach travel

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