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The Latest Breaking News from Inflation

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Fortune

How do interest rates affect inflation? - OLD

Borrowing costs at their highest level in 14 years

The Independent UK

Cost of living crisis wipes out council's 'enviable' surplus

Cabinet member said the council had done "everything it can" amid inflation, energy and price rises

Liverpool Echo

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Commentary: Denying economic reality doesn’t help struggling Americans

Polls show economic concerns were dominant for many Americans this election season. Unfortunately, voters couldn’t always count on getting accurate reporting about these issues.

Tribune News Service

Michael Hiltzik: 'Moderates' like Mitt Romney are threatening Social Security. Democrats don't have to let them

You may have thought that the drubbing Republicans received in the recent election would have prompted party leaders to think more warily about promoting policies that nauseate the voting public.

Los Angeles Times

Autumn Statement time, what Jeremy Hunt will say and how it could affect you

Chancellor Jeremy Hunt is expected to raise taxes, cut services and allow local authorities to increase council tax bills when he makes Autumn Statement

Chronicle Live

UK facing ‘grim economic outlook’ as Jeremy Hunt warned against excessive austerity – business live

Investors and economists warns that markets want to see growth plans as well as fiscal responsibility

The Guardian - UK

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Price of petrol and diesel at the pump could go up in announcement today

Jeremy Hunt may increase the price of fuel

Wales Online

Asian benchmarks mostly decline amid lingering China worries

Asian shares mostly declined amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal

The Independent UK

Thursday briefing: What to expect from Jeremy Hunt’s autumn statement today

In today’s newsletter: The new chancellor is primed to announce a package of cuts and tax rises to confront inflation – here’s what you need to know

The Guardian - UK

What time is Jeremy Hunt's autumn budget statement today?

A plan to 'grip' record-high inflation is expected to be announced by Chancellor Jeremy Hunt

Manchester Evening News

What can we expect from the Autumn Budget?

Jeremy Hunt expected to deliver harsh package of tax rises and spending cuts to plug £60bn shortfall

The Independent UK

What time is Jeremy Hunt's autumn statement budget and what will he say

The Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills

Wales Online

Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

The Guardian - UK

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ABC News

We fact-checked Samantha Ratnam's claim that Victorians have lost $66 billion at the pokies. Here's what we found.

Samantha Ratnam says Victorians have lost $66 billion on the pokies. But that figure does not account for inflation — or the losses that have occurred at Crown Casino.

Daily Record

Jeremy Hunt's austerity adds fuel to the fire during cost of living crisis

Record View: Hunt will undoubtedly try to blame the war in Ukraine and insist inflation is causing governments around the world to make savings.

The Independent UK

Thailand to stress sustainability at Asia-Pacific summit

Leaders from the 21-member Asia-Pacific Economic Cooperation forum begin a two-day summit in Thailand’s capital on Friday with a crowded backdrop of issues to contend with: the Ukraine war, great power rivalry in Asia, inflation and food and energy shortages

The Conversation

Inflation: how to improve official predictions – by asking the public

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

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Wales Online

Poorest households saw sharpest jump in cost of living last month, new figures show

Economists said Britain now has a 'significant cost of living gap between rich and poor households'

Bristol Post

Bristol charities and small business owners react as UK inflation hits 41-year high

"Charities are in the most precarious position I can remember.”

Evening Standard

The Standard View: The government must grip inflation and offer a realistic path out of the economic mire

Inflation is an insidious foe. It eats away at wages, savings and public spending. And it is still rising. The Consumer Prices Index — the headline measure of inflation — rose to 11.1 per cent in October, a 41-year high.

Reuters

Analysis-Italy's Meloni needs urgent fix for ballooning pensions bill

Italy's new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and looks increasingly unsustainable in the face of surging inflation.

The Independent UK

Mapping the key trends in global trade – insights from the Global Trade Atlas

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Manchester Evening News

As inflation rises to 11.1% here's how much extra you are paying in supermarkets compared to a year ago

Some items have risen by nearly 50%

Axios

Inflation drives Thanksgiving dinner costs to highest prices ever

Your Thanksgiving meal with all the trimmings is expected to cost 20% more than last year.

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