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The Latest Breaking News from Inflation

Sainsbury's puts another £50million into cutting prices

It comes after inflation bounced to a 41-year-high of 11.1% in October

Wales Online

Turkish inflation eases for 1st time in more than a year

Annual inflation in Turkey has eased slightly in November for the first time in more than a year, but remains close to 24-year highs

The Independent UK

How much extra YOU will pay for Christmas dinner this year revealed

Turkey, pigs in blankets, carrots and roast potatoes have risen in price by 18% on average over the past year, while cranberry sauce and bread sauce costs are up 33%

Daily Mirror

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Russian oil price cap and EU embargo come into effect

Starting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president…

France 24

Firefighters urged to back strike action following 'insulting' pay offer

FIREFIGHTERS across Scotland are being urged to back the first strike over pay in two decades after a union blasted a below-inflation deal as…

The National (Scotland)

North Tyneside Council faces budget deficit of more than £23m next year

Previous financial projections from the council were blown out of the water by new wage demands, social care costs and inflation

Chronicle Live

UK car sales jumped 23.5% in November despite 2023 recession looming – as it happened

Rolling coverage of the latest economic and financial news, as CBI warns UK faces recession and a lost decade without a government growth plan

The Guardian - UK

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Morning Show: Modi’s unfailing electoral appeal, and AAP vs Congress

As Gujarat votes in the second phase of the assembly election, the Newslaundry election team discusses whether the BJP is poised to return to power. They explore why voters want to put their faith back in a party that’s been in power in Gujarat for over 25 years, PM Modi’s…

Newslaundry

Support for Jacinda Ardern and NZ Labour sinks to lowest since 2017, poll shows

Labour and Ardern were immensely popular during the pandemic but inflation and deepening social inequality has changed their fortunes

The Guardian - AU

Asian shares gain, oil prices up after Russia price cap deal

Asian shares are mostly higher and oil prices also have risen after the European Union and the Group of Seven agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports

The Independent UK

Household living cost crisis not over yet

The inflationary crisis piling pressure on Australian households still has some heat left in it, with a key economic marker picking up speed.

AAP

Youth allowance will go up by the largest amount since 1998 — but it remains stuck below the inflation rate

Youth and student payments will go up by 6.1 per cent on January 1 — but the increase still won't be enough to cover the cost of living amid rising inflation.

ABC News

Alan Kohler: In a warming world, inflation targets need to rise

Will the RBA really bring about recession and an even greater housing crash than we’ve had already to get inflation under three per cent?

The New Daily

Labour calls for crackdown on rip-off UK Christmas broadband and mobile ads

Watchdog must stop misleading ads locking consumers into deals up to £240 more than thought, says opposition party

The Guardian - UK

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Newsroom.co.nz

Q&A: Who should pay for desperately needed Three Waters work?

Credit agencies are watching like hawks as the Government introduces its two most important Three Waters bills to Parliament this month – the final structures will determine whether NZ can pay the price to fix its run-down water infrastructure.

The Guardian - UK

Timetable of trouble: the wave of strikes set to hit the Tories this winter

Rampant inflation and government policy has brought matters to a head: so where is disruption going to hit and what are the unions asking for?

Wales Online

This is how much Swansea's colourful Christmas parade cost

Swansea Council said it was lower than the bill for last year's when you factored in the high rate of inflation and that public feedback was positive

Evening Standard

Army may be brought in to ease strike chaos, says Nadhim Zahawi

‘Our message to the unions is to say “this is not a time to strike, this is a time to try and negotiate”’

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news in one place.

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The Guardian - UK

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

Reason

The Inflation Shield?

The Producer Price Index shows that grocery stores appear to be shielding consumers from inflation, not hiking prices to gouge Americans.

Asharq Al-Awsat

French Authorities Chip in 111m Euros for 2024 Olympics

French authorities said Friday they will increase their contribution to the 2024 Paris Olympic and Paralympic organizing committee (Cojo) by 111 million euros ($117m), AFP reported. National and local government were heeding a request from Cojo, which said on November 21 that they needed to lift their budget estimate 10…

Liverpool Echo

DWP money changes in December including £300 cost of living payment and Christmas bonus

The financial changes happening in December

StockNews.com

3 Stocks You'll Regret Not Buying This Year

With slowing inflation, indications of slower rate hikes by the Fed beginning this month, and resilient employment growth, fundamentally strong stocks Biogen (BIIB), APA Corporation (APA), and Nathan’s Famous (NATH) seem to be good investments now. Continue reading….

Bangkok Post

Easing of Chinese Covid curbs lifts equity sentiment

RECAP: Asian shares were mixed yesterday as investors were heartened by the possible easing of Covid curbs in China, while they awaited job figures in the United States that could determine whether the Federal Reserve will start to moderate its interest-rate increases as widely expected.

StockNews.com

2 Cheap Stocks Under $10 to Buy This Week

Following October's inflation data, the Fed is expected to slow down its rate hikes. Broader markets responded well to the Fed Chair's assurance. Moreover, value stocks have historically outperformed growth stocks when rates are high. Hence, cheap stocks Overseas Shipholding (OSG) and Good Times Restaurants (GTIM), which are currently trading…

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