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The Latest Breaking News from Inflation

Rishi Sunak promises ‘fastest-ever improvement’ in NHS wait times

The Prime Minister said he would “love” to give nurses a pay rise but had to be mindful of inflation.

The Independent UK

US renewable energy farms outstrip 99% of coal plants economically – study

It is cheaper to build solar panels or cluster of wind turbines and connect them to the grid than to keep operating coal plants

The Guardian - US

Food inflation slowed down last month — but the relief may not last

The meteoric rise in food prices ebbed slightly in December

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

With full state coffers and bipartisan support, Texas teachers are hopeful they’ll get a raise this year

The COVID-19 pandemic, inflation and burnout have pummeled teachers in the last few years. Lawmakers from both parties agree they should get a pay bump — but it won’t happen without some negotiation.

The Texas Tribune

A soft landing is playing out–but optimism needs to be for the right reasons

Against the odds, the U.S. economy is moving towards a soft landing, according to BCG's top economists.

Fortune

US Dollar Continues Insane Hike at the Expense of Iraqi Dinar

The exchange rate of the US dollar in Iraq continues to skyrocket as the country’s monetary authorities and government fail to curb the devaluation of the Iraqi dinar.

Asharq Al-Awsat

Bank of England poised to raise interest rates for 10th time in a row

Policymakers face balancing act between driving inflation down and risk of deepening economic slump

The Guardian - UK

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What were the key events of Sunak’s first 100 days?

The Prime Minister inherited a series of daunting challenges including soaring inflation, sky-high energy bills and industrial disputes.

The Independent UK

ASX slips ahead of US, British and European rate hikes, Rio Tinto apologises after radioactive capsule lost in WA

Rio Tinto's iron ore division chief Simon Trott has apologised and says the company is taking the lost radioactive capsule in WA "very seriously", while the Australian share market slips from its nine-month high ahead of a busy week.

ABC News

Soaring prices and smuggling: The Philippines are in an ‘onion crisis’

Onions now cost more than meat in the Philippines. As the country hits near-unprecedented levels of inflation sparked by natural disasters and a global fuel crisis, the pantry staple is in high demand at even higher prices. Since December 2022, people have been posting prices of onions online and even…

France 24

Argentina's Inflation Crisis

Annual inflation was reported at 88 percent in October, up from 50 percent in January 2022.

Reason

Pakistan govt raises petrol, diesel prices by Rs 35 each

ISLAMABAD: Cash-strapped Pakistan's government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country's inflation-stricken people.

The Times of India

I love the UK. But I’m glad I’m running my small business in the US

I’m in London this month, and energy costs and inflation are hitting business owners hard. I don’t envy my UK counterparts

The Guardian - US

Hunt became chancellor after a Tory tax calamity. History suggests he’s doomed

Like Roy Jenkins and Kenneth Clarke before him, he can do little but tackle a crisis bequeathed to him by Conservative folly

The Guardian - UK

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Pedestrian.tv

Dog Act: Inflation Will Push The Price Of A Schooner Up To $12 Surely This Is Not Legal

Well fuck me: schooner prices are set to skyrocket thanks to inflation, with an estimated rise from $8 to $12 in the coming months.

Bangkok Post

FPO maintains Thai GDP growth forecast

The Fiscal Policy Office (FPO) has maintained its Thai economic growth forecast this year at 3.8%, in line with the continued rebound of the tourism sector and declining inflation.

The Guardian - AU

Inflation-driven higher education debt increases to hit millions of Australians

Even under the most conservative scenario, modelling suggests average Help debt will increase by at least $1700 when indexed on 1 June

Bangkok Post

A changing view of the global economy

Since the beginning of the year, the global investment outlook has been developing based on what economists and investors have projected:

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news in one place.

100's of premium titles.
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Bangkok Post

Fed expected to slow policy rate hikes

The Federal Reserve is expected to raise policy interest rates at a slower pace, by 0.25 percentage points to 4.50-4.75% when it meets on Tuesday and Wednesday, as US inflation continues to weaken, says Kasikorn Research Center (K-Research).

ABC News

Building industry faces 'nerve-racking' 2023 amid double-whammy of rate hikes and inflation

Just as increases to construction material prices are starting to slow down, builders are facing a new threat, with rising interest rates forcing clients to cancel their contracts.

StockNews.com

2 Large-Cap Stocks to Buy Before the End of January

Growing concerns over the economy’s uncertainties and yet-to-be-tamed inflation have led to widespread worries about an economic slowdown. Therefore, fundamentally strong large-cap stocks Walmart UnitedHealth Group (UNH) and VMware (VMW) could help stabilize your portfolios amid the volatile economic backdrop. Read more….

StockNews.com

5 Unstoppable Stocks You Shouldn't Wait Any Longer to Buy

The Fed’s intention to keep raising interest rates despite the cooling down of inflation could eventually lead to the economy witnessing a recession. Moreover, the World Bank lowered its 2023 global growth forecast by almost half, citing deteriorating economic conditions. Hence, it could be wise to invest in fundamentally sound…

France 24

High fashion: Luxury goods makers hope for boom as China re-opens

Is the luxury sector recession-proof? Sales at high-end brands plunged at the start of the Covid-19 pandemic, but they've since rebounded sharply, even as inflation soars and economic growth slows. Now many fashion houses are hoping that China's reopening will be another boost to their business. Our Business Editor Kate…

StockNews.com

3 Stocks It Is Time to Buy Now

Although headline inflation has slowed, the Fed will likely keep raising interest rates to attain its 2% target. However, a potential slowdown in monetary policy tightening is opening the path for quality stocks to recover. Therefore, investors should consider buying fundamentally sound stocks Merck & Co. (MRK), Novartis (NVS), and…

StockNews.com

3 Retirement Stocks Under $200 to Buy Now

Despite cooling inflation, the Fed’s indication of continuing its hawkish stance and recession concerns could keep the stock market volatile for a while. Against this backdrop, fundamentally sound dividend stocks trading under $200, Johnson & Johnson (JNJ), Archer-Daniels-Midland (ADM), and Acuity Brands (AYI) might be solid buys for investors’ retirement…

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