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The Latest Breaking News from Inflation

In Argentina, mass protests demand higher wages, lower inflation

Thousands of frustrated Argentines clogged downtown Buenos Aires on Wednesday in raucous street protests, demanding government action to boost salaries and unemployment benefits battered by surging consumer prices and a weakening peso currency.

Reuters

The Pandemic Home-Building Boom Is Over

Builders are starting fewer new housing projects but housing construction rates remain steady. Experts say it's a product of inflation catching up with persistent supply chain problems.

Reason

Inflation at 10%? This is class war – and it was years in the making

Austerity, Brexit and the cost of living crisis have been built on nonsensical misinformation, says Guardian columnist Zoe Williams

The Guardian - UK

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4 High-Volume Stocks Investors Should Sell Right Now

The stock market has been witnessing a rally lately, with robust economic data and a decline in inflation in July boosting investors' sentiment. However, as inflation remains elevated and geopolitical issues continue, the market could witness volatility in the months ahead. Therefore, fundamentally weak stocks AMC Entertainment (AMC), Carnival Corporation…

StockNews.com

Sunak attacks Truss’s tax plans as 10.1% inflation adds to cost-of-living crisis

The two Tory leadership contenders set out differing visions at a hustings in Belfast.

The Independent UK

Inflation likely to rise to 15% early next year

Analysts warn of sustained domestic inflation across Britain as food and energy prices surge

Evening Standard

Best UK funds

Looking to invest in the UK stock market? We’ve identified five UK funds suitable for would-be investors with varying risk profiles. Compare them now.

Evening Standard

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The 13 food items rising in price the most as inflation hits staggering 10.1%

The Consumer Prices Index inflation is now at 10.1%, the highest level since 1982, according to the Office for National Statistics

Chronicle Live

US retail sales were flat in July as inflation takes a toll

The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously

The Independent UK

Dairy products among the hardest hit by inflation as milk prices soar 34%

Other kitchen staples like jam and crisps were also big risers, with prices increasing 21.2% and 13.4% respectively

Evening Standard

How does the UK’s inflation at 10.1% compare with the rest of Europe?

As double-digit inflation arrives in Britain for the first time since the 1980s, what is going on over the English Channel?

Evening Standard

Benzinga Before The Bell: More Amazon Workers Join Union Over Pay and Work Conditions, UK Inflation Highest In 40 Years, Sole Monkeypox Vaccine Maker Finds It Difficult To Meet Accelerating Demand And Other Top Financial Stories Wednesday, August 17

CNBC BlackRock To Pledge A$1B In Australian Battery Storage Assets – Report

Benzinga

‘Deeply negative’: Real wages plunge at fastest rate on record before jobs summit

Australian households are suffering under the sharpest decline in real wages on record as “sluggish” purchasing powercontinues to lag soaring prices.

The New Daily

Double-digit inflation is the grim reality now

There is not such a big difference between the 9.8 per cent rate of inflation that was forecast for today and the actual rate of 10.1 per cent. Psychologically, however, a double-digit increase in the cost of living — the first since 1982 — feels much worse. This is the…

Evening Standard

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Wales Online

Mum hospitalised after skipping meals to feed kids may have to start begging

Kelly only eats once a day so she can afford to feed her children, and says she now hates waking up every morning

Daily Mirror

Highest food price increases and supermarkets with cheapest options as inflation soars

The cost of living continues to soar as food prices increase considerably — here's where you can get cheaper alternatives of the food items that have been rising the most

The Guardian - UK

‘Nobody is in charge’: Tory peer hits out at ministers over inflation

As rate reaches double digits, Stuart Rose calls lack of government action to shield households ‘horrifying’

The Independent UK

Zahawi condemns Labour’s energy plan for rewarding ‘wealthier people like me’

The Chancellor said he would rather target support for families struggling with the cost of living.

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Wales Online

Why everything is getting more expensive and what you can do to cope

Help is available, and there are steps you can take

The Independent UK

What can households do to cope with soaring inflation?

Food, fuel and energy costs have rocketed in recent months – and are continuing to increase.

WEKU

The spending bill will cut emissions, but marginalized groups feel they were sold out

The Inflation Reduction Act is the biggest ever investment to tackle climate change. But there are signs that it could reinforce existing environmental inequalities.

The Guardian - US

US labor leaders say underfunding at federal agency has ‘reached crisis stage’

Union officials fear that the overstretched NLRB won’t be able to handle the surge in union activity, giving corporations the upper hand

Insider UK

Inflation hits double digits and 'peak is yet to come'

Food price spike pushes the CPI measure to another 40-year high

Daily Record

How soaring inflation will affect your household budget and spending over the autumn

Bakery products, dairy, meat and vegetable prices pushed inflation to 10.1% in July.

Evening Standard

Inflation hits fresh 40-year high of 10.1% as cost of living crisis deepens

Inflation accelerated in July to 10.1 per cent, the fastest rate since February 1982, official figures have revealed.

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