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The Latest Breaking News from Inflation

Healthy inflation data should help ease mortgage pain

Quarterly numbers are expected to show inflation has drifted into the Reserve Bank's target range to set up a further interest rate cut.

AAP

These six-figure earners got trapped in jobs because of luxury 'lifestyle creep'—they sacrificed it all to start over

In an inflationary environment it's only going to get easier to fall foul of lifestyle creep. These six-figure earners share what it was like to give it all up in search of greater financial freedom.

Fortune

As Trump looms over Canadian elections, affordability a key factor

As Canada goes to polls on Monday, Trump threats are key as are cost of living issues.

Al Jazeera

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US consumer sentiment sees largest drop since 1990 after Trump tariff chaos

Experts warn of slowing economy after score based on Americans’ financial outlooks fell by 32% since January

The Guardian - US

Why More People Fear Going Broke in Retirement Than Dying

Inflation, taxes and Social Security are the three top concerns for retirees, according to the 2025 Allianz Annual Retirement Study

Kiplinger

New York Doesn't Have Any Motorcycle Riding Schools Right Now, and It's Stupid Why

I'm reminded of Jon Stewart's talk with Ezra Klein about how difficult the government made it to obtain Inflation Reduction Act funds for infrastructure projects. How it required townships to jump through 14 different hoops just to get to the point where they could conceivably begin getting those funds. And…

RideApart

Russia Holds Key Rate At Two-decade High Despite Slowdown Fears

Russia's central bank kept borrowing costs at a two-decade high of 21 percent on Friday to combat rampant inflation, despite banks and businesses warning the economy was headed for a slowdown.

International Business Times

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Opposite effect: Could Trump's tariffs end up cooling inflation in Europe?

Trump's tariff push may cool down rather than heat up inflation in Europe. Falling energy prices, a stronger euro and excess goods supply from China are disinflationary forces, likely prompting the ECB to consider deeper rate cuts down the road.

Euronews

Dow Jones Falls Ahead Of Inflation Survey; Google Surges On Earnings

The Dow Jones dropped Friday ahead of a key inflation survey. Google stock surged on earnings on the stock market today.

Investors Business Daily

Gen Z Rejects Trump On Inflation, But Reports Better Finances Than Older Generations: Poll

About 30% of Americans under 30 say their financial situation has worsened in the past year, while 27% say it's improved. Though that improvement number may seem small, Gen Z members were more likely than older generations to report better finances in the last year.

International Business Times

Consumer confidence slides amid household bill hikes and ‘Trump Tariffs’

GfK’s long-running Consumer Confidence Index fell four points in April to minus 23, led by an eight-point fall in expectations for the wider economy.

Evening Standard

Physician spending trends in Canada: Why increased costs may not mean more primary care services

Access to physician services remains a challenge in Canada, particularly in primary care. Though this reality has been often eclipsed by the tariffs issue during the 2025 federal election, it continues to be a fundamental concern for Canadians.

The Conversation

Trump Should Be 'Free' To Criticize The Fed, Senior Official Says

President Donald Trump should be free to voice his opinion about the US Federal Reserve, a senior bank official said Thursday, while defending the central bank's independence to tackle inflation.

International Business Times

Magnum and Ariel makers say prices may rise further amid tariff pressures

Unilever and Procter & Gamble indicate more increases could be on way as Trump policy affects ingredient costs

The Guardian - UK

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Euronews

Slower growth looms over Eastern Europe as reform urgency rises

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

The Guardian - UK

Trump’s an unstable bully – but it’s hard to defend the economic orthodoxies he is attacking

With Rachel Reeves in the US, some clarity is needed: the global economy has been mismanaged and the Federal Reserve does deserve criticism, says Guardian columnist Larry Elliott

Fortune

Richard Branson says Trump’s tariffs messed up a promising economy: ‘Everything was going so bloody well up to about three months ago’

The billionaire entrepreneur sees Trump’s hard-line trade policies as reflecting the views of a “fairly small elite [group] of people around” him.

Euronews

Eurozone economy stalls in April as tariffs rattle services activity

Eurozone economy stagnates in April as trade tensions drag services sector into contraction. PMI data show Germany's resilience in manufacturing, while France's downturn deepens. Easing inflation pressures may support ECB rate cuts

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Euronews

Donald Trump says he has 'no intention of firing' Fed chair Jerome Powell

The US President confirmed that he has no plans to fire the Chairman of the Federal Reserve Jerome Powell. It follows his previous statement about wishing to terminate Powell's mandate, which caused market turmoil.

The Guardian - US

Trump says he has no plans to fire Fed chief Jerome Powell after calling him a ‘major loser’

President says tariffs on China could be lowered days after lashing out over bank’s reluctance to cut interest rates

Reason

IMF Report: Trump Trade War Will Hurt Both U.S. and Global Economies

Predictions for U.S. and global economic growth are down since January.

Barchart

Dollar Rebounds on US Trade Deal Optimism

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks...

Fortune

Where will tariffs and inflation stand a year from now? Fitch's chief economist outlines a worrisome prediction

A top economist lays out the economic fallout from Trump's tariff war.

The Independent UK

Interest rates are set to go down in the UK next month - here’s why

Interest rates are likely to go down next month - but much could yet be decided by how fast the issues around tariffs are resolved

Beating Broke

The Ultimate Frugal Shopping List for People Who Always Forget The Essentials

Today, it’s even harder to be frugal when grocery shopping, especially with inflation. According to the Economic Research Service, grocery prices have risen by more than 23% from 2020 to 2024. If you want to save on groceries, you have to be strategic. You’ll also need to go to the…

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