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The Latest Breaking News from Inflation

Average UK house price sees biggest annual rise in 19 years

The percentage increase was around double the rate recorded in June

The Independent UK

Warning over state pension as thousands set to miss out on upcoming cash boost

State pensions are set for a boost in line with inflation next year but thousands will miss out on the extra money - here's why

Chronicle Live

2 Georgia Republican candidates, two different views on economy

ATLANTA — U.S. Senate hopeful Herschel Walker paints a bleak picture of the economy: soaring inflation, high taxes and wasteful government spending. But listen to Gov. Brian Kemp and a far different image emerges, one where jobs are being created and investment is flourishing.

Tribune News Service

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How new inflation rate will affect your household budget and spending this autumn

Inflation dipped slightly to 9.9% as petrol costs fell but supermarket prices continued to soar.

Daily Record

UK inflation dips slightly in August to 9.9%

Inflation in the United Kingdom slowed slightly in August as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease

The Independent UK

House prices jump by biggest amount in 19 years

It was around double the increase seen a month prior

Wales Online

US Stocks Could Head For Recovery Today After Inflation-Report-Induced Bloodbath, Futures Trading Suggests — Nikola, JNJ, SoFi In Focus

U.S. stocks could pick up the shreds after the ravages inflicted by an inflation reading that came in more than expected. The major U.S. index futures are pointing to a higher open on Wednesday. On Tuesday, the major U.S. averages recorded their worst single-day declines since the middle of June…

Benzinga

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Inflation: How cost of everyday items such as milk, cheese and eggs has soared over past year

Food prices have risen by 13.1% in past 12 months

The Independent UK

10 things actually falling in price despite cost of living crisis - from books to PCs

Households are grappling with the rising cost of living, with food, petrol and energy prices all causing pain for Brits up and down the country. But it isn't all bad news, as some goods cost less now than they did 12 months ago

Daily Mirror

‘Heartbreakingly ironic’: Outrage over food banks closing for Queen’s funeral

Some food banks reverse decisions to shut after backlash amid spiralling inflation

The Independent UK

As inflation's persistence becomes clear, here's what business leaders need to do

Resilience and efficiency will be key—but don't forget to keep growing.

Fortune

Worst day for stocks since June 2020

High inflation is driving stocks way down.

Axios

US Stock Futures Rise After Recording Worst Sell-Off Since June 2020; PPI Data In Focus

Pre-open movers U.S. stock futures traded higher in early pre-market trade on Wednesday after recording sharp losses on Tuesday following the release of inflation data for August. All the three major indices settled sharply lower, notching their biggest single-session percentage declines since June 2020.

Benzinga

Commentary: What can save restaurants? Try hospitality

COVID-19 and inflation have knocked restaurants to their knees, and everyone with a vested interest, from owner to chef to server to customer, seems to have an opinion on how to get them up and running again.

Los Angeles Times

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Benzinga

Tesla, Meta, NVIDIA And Other Big Losers From Tuesday

U.S. stocks closed sharply lower with the Nasdaq Composite dipping more than 5% on Tuesday. Here is the list of some big stocks moving lower in the previous session.

France 24

Wall Street sees biggest sell-off since June 2020 on back of US inflation data

A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday. Asked about the issue, Joe Biden responded by saying that the stock…

Insider UK

Wages fall in real terms across Scotland

Edinburgh experienced one of the largest drops, with wages down by 6.4% when adjusted for inflation

Axios

Two U.S. inflation rates: Bad and worse

It’s worse than 8.3% in parts of key Senate battleground states.

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The Guardian - UK

Bank of England will not take foot off throttle despite drop in inflation

MPC members will look at other developments in UK and abroad in mission to increase interest rates

Asharq Al-Awsat

Zara Owner Inditex’s First-Half Sales Surge Ahead of Potential Slowdown

Fashion brand Zara's owner Inditex said on Wednesday that profit for the six months to July jumped by 41% and sales rose by around a quarter, putting it on a strong footing ahead of second half likely to see rampant inflation hitting demand for clothing. In the first set of…

The Independent UK

Small businesses call for help amid soaring bills

Firms say it does not feel like the economy is growing as energy and raw material costs rise.

Nottingham Post

Warning supermarket shop could cost as much as £5,181 a year due to food inflation

Food prices have been soaring

Tribune News Service

While inflation takes a toll on seniors, billions of dollars in benefits go unused

Millions of older adults are having trouble making ends meet, especially during these inflationary times. Yet many don’t realize help is available, and some notable programs that offer financial assistance are underused.

Benzinga

Why Comera Life Sciences Shares Jumped 101%; Here Are 74 Biggest Movers From Yesterday

Gainers Akero Therapeutics, Inc. (NASDAQ: AKRO) shares jumped 136.8% to settle at $29.05 on Tuesday after the company's Phase 2b HARMONY study met its primary endpoint for both the 50mg and 28mg EFX dose groups.

The National (Scotland)

Inflation dips slightly but experts warn cost-of-living crisis is not easing

The consensus across think tanks and economic networks is that this was "entirely driven by falling transport costs" as the prices of food…

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