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The Latest Breaking News from Inflation

Lightfoot proposes annual pay raise for Chicago’s mayor capped at 5%

The salary of Chicago’s mayor hasn’t gone up since Mayor Richard M. Daley held the job in 2005. Also on Wednesday, the council approved a resolution of support for the Jewish community, citing recent antisemitic comments by the rapper formerly known as Kanye West.

Chicago Sun-Times

With inflation sticking around, Biden targets 'junk fees'

With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers

The Independent UK

Save Money On Utilities With A Home Energy Audit

With rising energy prices and inflation, now's a great time to check the efficiency of your home and find the most cost-effective fixes.

Kiplinger

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2 High-Quality Names It’s Time to Scoop Up

The Fed is expected to launch another outsized rate hike next week as it continues to fight inflation, leading to growing recession possibilities. Amid this, investing in fundamentally robust stocks, Microsoft (MSFT) and TravelCenters of America (TA), could help navigate this uncertain environment. Read on.

StockNews.com

India to see highest salary hike in 2023, Pakistan in bottom five: Report

Soaring inflation is set to put a major dent in salary increases for the second year running in 2023, according to a new survey that sees just 37% of countries globally expecting to report real-term wage hikes.

The Times of India

Rishi Sunak accused of leaving pensioners in ‘limbo’ after No 10 refuses to rule out scrapping triple lock

Inflation link on the table in talks ahead of chancellor’s tax-and-spend statement

The Independent UK

Ten money changes happening in November including £330 pay boost for workers

We round up ten financial changes you need to be aware of in November, as the cost of living crisis continues to squeeze household budgets and pile pressure on Brits

Daily Mirror

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Rishi Sunak could cut benefits AND ditch pensions triple lock in yet another U-turn

Downing Street today refused to guarantee the pensions triple lock in a move that would be a U-turn on a U-turn on a U-turn on a U-turn on a U-turn, leaving pensioners £443 a year worse off

Daily Mirror

3 Stocks to Hedge Against Inflation

Despite the Fed’s aggressive rate hikes to slow consumer spending and tame inflation, rising prices show no signs of slowing down. Food stocks tend to fare better than others amid an inflationary environment, thanks to the inelastic demand for their products. So, we think investing in fundamentally strong stocks The…

StockNews.com

When are the midterm elections 2022?

Bipartisan researchers list main issues as economy, inflation, abortion rights and fighting gun violence

The Independent UK

Salaries seen rising 2.2% in real terms in 2023, above global average

Salaries in Thailand are expected to rise an inflation-adjusted 2.2% next year, the eighth highest in the world, a survey shows.

Bangkok Post

‘Huge squeeze’: Tough Christmas ahead as grocery and energy inflation soars

Household are facing a tough six months as the worst cost of living crisis in a generation goes from bad to worse with inflation rising.

The New Daily

Politics with Michelle Grattan: Jim Chalmers, Angus Taylor and Danielle Wood on the budget

Treasurer Jim Chalmers says of his first budget: “Inflation is the dragon we need to slay”. Chalmers’ worry about inflation was reinforced by Wednesday’s release of the September quarter CPI, which showed inflation at 7.3%.

The Conversation

The whole world is facing a debt crisis – but richer countries can afford to stop it

Countries across the world are drifting towards a debt crisis. Economic slowdowns and rising inflation have increased demands on spending, making it almost impossible for many governments to pay back the money they owe.

The Conversation

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Tribune News Service

Commentary: Look past midterm crazy season for inflation relief

Though apparently dedicated to winning the battle against inflation, Fed Chairman Powell is fighting a lonely battle that will be difficult to win, at least with an election taking place. There are limits to what the Fed can do when Congress and the White House are busy printing more money.…

Daily Mirror

Foods that have surprisingly FALLEN in price - including minced meat and orange juice

The ongoing cost of living crisis has seen a number of supermarkets bump up their food prices - but some popular items are cheaper now than they were a year ago

The Independent UK

Brewery warns price of a pint could hit £7 and ‘become the norm’

War in Ukraine and inflation are among main drivers of increasing prices

The Guardian - AU

Cost of living explorer 2025: track the impact of Australia’s quarterly CPI on prices

Use this inflation data explorer to see which goods and services are getting cheaper or more expensive in different Australian cities

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Wales Online

Paying £7 for a pint of beer 'will become the norm' warns brewery

Brewery chief warns that inflation, the weaker pound and spiralling costs could hit the hospitality sector extremely hard, forcing city pubs to charge well over a fiver for a drink

Newcastle Herald

Annual inflation rate rises to 7.3 per cent amid gas price surge

The annual inflation rate has risen to 7.3 per cent as surging gas prices add pressure to household budgets

The Guardian - AU

Australia’s inflation hits 7.3%, the highest level since 1990, with interest rates now likely higher for longer

Families and businesses feeling the pinch as soaring CPI ensures more interest rate rises to come

The New Daily

Inflation surges to 30-year high as grocery and gas bills spike

Australia's cost of living crisis has deepened, with inflation reaching its highest level since 1990, new official figures reveal.

AAP

Annual inflation soars to 7.3 per cent

The latest inflation figures confirmed what households already knew - cost of living pressures are showing no signs of easing.

Daily Mirror

'I will fix our economy,' says Rishi Sunak - before promoting those who made the mess

Tory rule have driven the nation to the brink with millions struggling in the cost of living crisis as inflation tops 10%, mortgage and energy bills rocket and pay stagnates

Daily Mirror

'Austerity is something Britain simply can’t afford - and we will all pay the price'

Two top professors who predicted Liz Truss' downfall have outlined their own plan to help salvage the country's economy and deal with the mounting crises facing the new prime minsiter

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