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The Latest Breaking News from Inflation

Inflation is hitting ACA health insurance plans in Pennsylvania

Pennsylvanians who plan to shop later this year on the state’s Affordable Care Act exchange are unlikely to find shelter from the inflation that has engulfed other areas of the economy, according to a preview offered Monday by the Pennsylvania Insurance Department.

The Philadelphia Inquirer

The Reserve Bank has to navigate a path away from inflation but the economic signals are months old

While backward-looking labour market data is still robust, property prices provide a taste of the deteriorating outlook

The Guardian - AU

Struggling to pay rising prices of produce? This group says immigration reform will help

Have you noticed higher-than-normal produce prices at the grocery store lately? Inflation is to blame, but so is a shortage of farm labor, says a national coalition of farm worker advocates, farmers and consumers.

Tribune News Service

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Softer demand? US job openings fall in June to 9-month low

Demand for labour seems to be gradually slowing, and salary growth is lagging behind inflation.

Al Jazeera

The problem with forecasting Manchin's Inflation Reduction Act

Models suggest it will affect overall inflation only a little

Axios

Killing of Zawahiri gives beleaguered Joe Biden rare political win

US political leaders applaud drone strike as president, battered by inflation, war in Ukraine and Roe ruling, seeks upturn in fortunes

The Guardian - US

Is It A Good Idea To Get A Mortgage In A Recession? Find Out Now

The home-buying market screamed its way into every publication you read and every dinner-table conversation you participated in for the past year. Not only did people pay the listed price for a home, they fought to outbid each other.

Benzinga

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Andhra Pradesh: Vijaya Sai Reddy flags rising inflation in Parliament

A.P. has lost ₹11.26 crore due to Centre’s regressive tax regime, he says

The Hindu

Joe Manchin's secret climate "side deal"

Manchin cut a deal to boost oil and gas drilling in exchange for his support for climate change funding

Salon

New ad from national Republicans targets Murray as GOP looks to expand the Senate map

WASHINGTON — National Republicans are funding a new ad this week that ties Democratic Sen. Patty Murray to President Joe Biden, arguing the incumbent lawmaker too often supports policies that increase inflation and crime.

McClatchy Washington Bureau

U.S. job openings slid to 10.7 million in June

American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates

The Independent UK

Govt adopting targeted approach to tame inflation, says finance minister Nirmala Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the government has adopted a targeted approach, based on ground-level inputs, to tackle retail inflation which is ruling at around 7 per cent.

The Times of India

In Congress, the name of a bill may have nothing to do with what's in it – it's all about salesmanship

Quick quiz: What’s the name of the compromise climate bill that U.S. Sen. Joe Manchin, a Democrat from West Virginia, last week agreed to support?

The Conversation

1 Stock That Hasn't Been Impacted by Inflation

Despite persistent high inflation, retail giant Ingles Markets (IMKTA) posted consistent growth this year. In addition, its robust fundamentals make it well-positioned to witness solid growth in the upcoming quarters. Therefore, we think the stock could be a great buy now. Read on to learn more.

StockNews.com

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The Hindu

Opposition asks govt to acknowledge problem of price rise to fix it, BJP puts blame on global changes

“The inflation is ruling at 7% now and has not yet reached the double-digit level like in the previous UPA regime”

The Hindu

Government won't be able to see inflation as it's wearing 'blindfolds of arrogance': Rahul Gandhi

Rahul Gandhi tweeted, "Well, how will they see inflation? Wearing blindfolds of arrogance, they are selling the country's property in 'free fund' to 'friends'"

The New Daily

Mortgage bills to jump $140 in August as inflation worsens

Home owners will be slapped with another painful mortgage squeeze in August after the Reserve Bank hiked interest rates to a six-year high on Tuesday.

The Independent UK

Company failures leap 81% higher as inflation weighs on UK firms

Company insolvencies shot 81% higher over the three months to June against the same period last year.

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The Independent UK

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

Evening Standard

Greggs on a roll but Domino’s loses out as delivery sales fade

A triple whammy of increased business rates and soaring food and energy inflation hampered profitability at both firms.

Wales Online

Greggs' sales jump as people seek cheap meals during cost of living crisis

The much-loved bakery chain has been busier than ever, it would seem

Evening Standard

Irn Bru maker AG Barr results fizz from British summer weather boost

Company predicted high level of inflation would ‘continue across the balance of the year’

The Independent UK

Greggs sales jump as cash-strapped customers turn to cheaper meals

The bakery chain reported a 27.1% increase in sales in the 26 weeks to July 2 to a total of £694.5 million

Birmingham Post

Group behind Revolution and Revolución de Cuba hails 'relentless focus' to keep costs down amid inflation and energy surges

The group plans to refurbish a further 18 of its locations during the coming year as well as open six new sites

The Guardian - UK

Greggs customers could face price rises as it warns of cost inflation

Bakery chain reports 27% rise in sales after shoppers returned to high streets as Covid restrictions eased

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