The Latest Breaking News from Inflation

Asian shares are mostly lower after gains in technology stocks snapped Wall Street’s four-week losing streak

Housing costs were estimated by Savills to have been £8.6 billion higher last year than a previous peak in 2016

Housing costs were estimated by Savills to have been £8.6 billion higher last year than a previous peak in 2016, when adjusted for inflation.

The Albanese government will look to further ease cost-of-living pressures without adding to inflation when it delivers its fourth budget.

Egg prices are up 310% since 2005. But it’s not the only staple with soaring prices

Stocks gained after the Fed meeting but drifted lower after disappointing guidance from FedEx; next week's inflation data is unlikely to provide needed clarity

Eurozone consumer confidence weakened as looming trade tariffs raised concerns over growth and inflation. Meanwhile, Germany approved a massive fiscal package, but economists urged caution over immediate excitement.

Russia's central bank kept its key rate at a two-decade high of 21 percent on Friday and warned it could raise borrowing costs further as it battles rampant inflation.

The Bank of England kept rates steady at 4.5% on Thursday, as inflation remains sticky and global uncertainty ratchets up.

The rally in European stock markets took a breather as EU leaders struggled to secure a €5 billion funding package for Ukraine. Investor sentiment was further dampened by the ECB’s cautious outlook on the economy and inflation, triggering selloffs, particularly in the defence and automotive sectors.

With overall inflation down and prices of other commodities stable, consumers are willing to pay more for sugar.