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The Latest Breaking News from Inflation

Christmas beer drought warning as brewery union workers strike over 'paltry' pay offer

Unite the Union members at Greene King's breweries will strike over the Christmas period after pub bosses came back with a pay offer far below the rate of inflation

Chronicle Live

All eyes are on Tuesday's crucial inflation report. Here's how the Fed, the economy, and markets may respond

Investment banks see inflation falling in November, but that may not be enough to protect the U.S. economy from a recession.

Fortune

Consumers cut spending, wait for sales

Thai consumers have cut back their spending this year amid rising inflation, but more than half plan to make digital purchases during the sales season, while online shopping across Southeast Asia declined from last year, a recent study revealed.

Bangkok Post

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Inflation, attrition push up salaries

The median salary increase for Thailand in 2023 will be 5.1% compared with this year, according to a survey of more than 700 companies in the six largest Southeast Asian economies by Aon Plc, a global professional services firm.

Bangkok Post

Why Rishi Sunak's claim a pay rise for every striker will cost you £1,000 is untrue

More than 5million public sector workers want a proper pay rise - and Rishi Sunak claims that will cost you an 'extra' £1,000 a year. So how true is his claim? Not very, say the experts

Daily Mirror

The Guardian view on Sunak’s strikes: to be more inflexible than Thatcher is a flaw

Editorial: The prime minister should be like his political idol and award inflation-proof pay rises to end industrial strife by key workers

The Guardian - UK

November inflation print provides impetus to end rate hike cycle: SBI economists

MUMBAI: The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country's largest lender SBI said on Monday.

The Times of India

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Explainer: What to expect from markets ahead of US Federal Reserve meet

NEW DELHI: Benchmark indices recouped most of their losses but traded range-bound on Monday as investors mostly stayed on the side lines ahead of inflation data and the US Federal Reserve meeting later this week.

The Times of India

Beer drought could hit Christmas and New Year's Eve as brewery workers to strike

Brewery workers at Greene King will strike after they were offered a 3% pay rise as inflation soars above 14%

Wales Online

Tyne Bridge repair costs sprial 'significantly' as inflation crisis hits restoration of North East icon

Council chiefs may be forced to cut back on planned upgrades on the Central Motorway because of the spiralling costs of renovating the famous landmark

Chronicle Live

3 Stocks That Are Screaming Buys for 2023

Although inflation is still sky-high, and the Fed’s rate hikes are expected to continue, experts believe the economy might succeed in avoiding a recession. Given the uncertainties, we think investors should load up on fundamentally sound stocks Bristol-Myers Squibb (BMY), Waste Management (WM), and Hillenbrand (HI) as we head into…

StockNews.com

The Fed needs to stop raising interest rates

Interest rate hikes mean that workers and consumers take the hit. Here are other tools to address inflation

The Guardian - US

Holiday essentials are surging this year thanks to inflation — here’s what’s most expensive

This holiday season, inflation might be just as much a part of Americans’ celebrations as the gifts and the gatherings.

Tribune News Service

Fed wants inflation to get down to 2% – but why not target 3%? Or 0%?

What’s so special about the number 2? Quite a lot, if you’re a central banker – and that number is followed by a percent sign.

The Conversation

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Daily Mirror

Twenty-two beers for £10 - the destinations where your pounds will go the furthest

The cost of living crisis, inflation and the poor state of the pound means finding the right, cheap place for a holiday is more important now for a lot of British people

The Times of India

Retail inflation eases to 11-month low of 5.88% in November

NEW DELHI: Retail inflation based on consumer price index (CPI) eased to 11-month low of 5.88% in November, data released by the government showed on Monday.

Birmingham Post

Downturn in West Midlands output extends to November as inflation ticks higher - report

Latest PMI data from high street bank NatWest said West Midlands companies reported a sixth consecutive monthly decline in new work intakes

Evening Standard

Chancellor defends pay gap between public and private sector

The growing gap between pay in the public and private sectors is necessary to avoid spiraling inflation getting worse, the Chancellor has insisted.

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Fortune

Will the U.S. and Europe slide into recession in 2023? Here’s how to look out when economic outlooks don’t

The global economy will remain weird in 2023. Here's what to expect, according to BCG's top economists.

The New Daily

Retirees’ living costs rise, but there are ways to improve your lot

Inflation is eating into the cost of a comfortable retirement but there are some smart things you can do about it.

The Independent UK

UK economy shrinks 0.3% in three months through October

Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry

Tribune News Service

Commentary: How tariffs are raising the cost of Christmas presents and more

This time of year, most inflation-weary Christmas shoppers—and perhaps even the inflation-fighting Fed—would welcome an end to our government’s effort to raise the prices of the goods we buy in high volume. In this year’s third quarter, the federal government collected tariffs on imported goods putting us on track for…

The Guardian - UK

Factcheck: are UK strikers greedy, unrealistic and putting others in danger?

This is an extract from our First Edition newsletter

Reuters

December in Britain: A month of strikes

Britain faces disruption from widespread industrial action this month as many workers struggling with a cost of living crisis seek pay rises that better reflect double-digit levels of inflation.

The Guardian - UK

Monday briefing: The government blames the unions for strikes – but what’s the truth?

In today’s newsletter: Factchecking claims striking workers are irresponsible, selfish and unrealistic

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