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The Latest Breaking News from Inflation

Four-month warning issued to anybody who drinks pints of beer

The stark warning came as inflation to 10.1% on Wednesday

Manchester Evening News

Big new incentives for clean energy aren't enough – the Inflation Reduction Act was just the first step, now the hard work begins

The new Inflation Reduction Act is stuffed with subsidies for everything from electric vehicles to heat pumps, and incentives for just about every form of clean energy. But pouring money into technology is just one step toward solving the climate change problem.

The Conversation

The perfect storm battering the UK economy

From inflation to the war in Ukraine the economy is facing major challenges

Birmingham Post

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Retail sales in Great Britain rise despite cost of living crisis

July rise of 0.3% driven by online promotions but clothing sales continue to fall

The Guardian - UK

Asian Markets Drift as Investors Assess Fed Outlook

Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity. The rally across markets from their June lows appears to have run out of steam this…

Asharq Al-Awsat

America Rejoins the Climate Fight

New legislation will reshape policy—and U.S. diplomacy.

Foreign Affairs

Strikes bring London's transport network to a halt

London's transport network ground to a halt on Friday as train and bus workers held strikes over pay and conditions, the latest in a summer of labour market disputes as double-digit inflation eats into wages.

Reuters

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North East councils face 'unprecedented and unavoidable' cash problems as cost of living crisis deepens

Local authorities in the North East could face deficits totalling tens of millions of pounds as they grapple with inflation and escalating energy bills

Chronicle Live

Inflationary psychology could make things worse, but for now it's in check

With the world experiencing inflation levels not seen since the 1980s, central banks are caught between warning of the dangers of an 1970s-style inflationary spiral, and contributing to that spiral by talking about it.

The Conversation

Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections

Hong Kong’s Hang Seng index opened in the green on Friday, gaining 0.12% in opening trade, following a muted session on Wall Street. Investors also digested macro news from Japan where the headline inflation rose to 2.6% in July as compared to 2.4% in June.

Benzinga

How you can cut energy costs through the Inflation Reduction Act

The Inflation Reduction Act signed by President Biden this week aims to shift America toward a greener future by lowering the cost of electric vehicles, energy-efficient appliances and rooftop solar panels.

Tribune News Service

A Remedy For Wages Falling Behind Inflation? Join A Small Business Where Wages Are Hot

Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.

Benzinga

Trinity sees inflation peak in Q3

Trinity Securities expects global inflation, including Thai inflation, to peak in the third quarter of this year while the country's interest rate is set to rise by another 0.75% over the next 12 months to 1.5% in mid-2023.

Bangkok Post

The 2 Best Telecom Stocks to Buy for August

Growing investments and technological breakthroughs in the telecom sector should drive its growth. Moreover, since telecom has historically been a defensive sector, it could be wise to invest in quality telecom stocks AT&T (T) and Ooma (OOMA), as the market is expected to remain under pressure on concerns over high…

StockNews.com

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Edinburgh Live

More than 72 per cent of Scots could fall into fuel poverty next year

A new study has found more than 72 per cent of homes in Scotland will fall into fuel poverty as the energy crisis continues with annual bills of £4,650 from next year as inflation hits 10.1 per cent.

Evening Standard

Harry Potter specs maker expands in Europe but ‘cautious’ on UK

Bath-based Inspecs said war in Ukraine and high inflation continued to pose an issue for the company

StockNews.com

4 Momentum Stocks to Keep an Eye on This Fall

Despite a slight decline in inflation from the 40-year high level, robust employment data and persistent price pressures could prompt the Fed to maintain its hawkish policy stance, keeping the stock market under pressure. Therefore, it could be wise to invest in APA Corporation (APA), Dynagas LNG (DLNG), Friedman Industries…

The Independent UK

State pension to surpass £10,000 a year for first time as inflation soars

Triple lock policy means pensioners will see their incomes partially protected while workers earnings collapse at a record rate

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The Independent UK

Turkey lowers interest rate even as inflation soars to 80%

Turkey’s central bank has lowered its key interest rate despite inflation surging to nearly 80% and making it difficult for people to buy what they need

The New Daily

Australian stock exchange continues rebound despite messy jobs data and inflation fears

There was no stopping the ASX200 this week as it traded to a 10-week high supported by better-than-expected earnings, including a thumping result from BHP.

Daily Mirror

Cost of living calculator: Find out how much your bills are rising in price

To help you work out how the cost of living crisis is affecting you, The Mirror has created a new calculator to break it all down - from your energy bills to your mortgage

Daily Mirror

Universal Credit and state pension could rise by hundreds - how much you could get

High inflation is hitting Brits in the pocket, but for those on benefits and the state pension it could end up meaning they get a big increase to their payments in 2023

The Guardian - US

Democratic boot camp: party intensifies local tactics ahead of midterms

Democratic groups are training candidates up and down the ballot in the hopes that a successful voter turnout will help limit losses this fall

Axios

Climate change is a secret driver of inflation

Extreme weather is taking a toll on people, crops and infrastructure.

Evening Standard

Marshalls revenue climbs despite ‘less certain’ economic times

Landscape supplies business will continue to stem inflation through management of supply chain

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