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The Latest Breaking News from Inflation

As prices rise, the push to end diaper taxes grows

To help inflation-plagued and struggling families ease the burden of buying necessities, several states are scrapping the sales tax on infant and adult diapers.

Tribune News Service

IMF says global economy is edging towards recession

Fund cuts forecasts as US, China and eurozone stall and inflation beats expectations

The Guardian - UK

Unprecedented price hikes put the squeeze on Iranian tenants

Authorities are planning to build more homes and control tenancy contracts to help ease the pressure.

Al Jazeera

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Marmite maker Unilever raises prices by 11% as inflation increases costs

Consumer goods group reports sales growth despite falling volumes of goods sold

The Guardian - UK

Soaring inflation helps Compass Group as ‘first-time outsourcers’ scramble to cut costs

FTSE 100 caterer to Wimbledon, the Oval and London offices also boosted by the return of workers

Evening Standard

Cost of Living: List of firms helping staff with bonus payments

A growing band of firms from banks to law firms are helping put staff with one-off payments to help them meet rising costs - we take a look at what's on offer

Birmingham Post

Global stocks mixed ahead of expected US rate hike

Global stock markets are mixed as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation

The Independent UK

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Unilever braced for tighter margins as inflation hits company profits

Unilever boss Alan Jope said product prices had not kept up with inflation

Evening Standard

Zimbabwe launches gold coins to stem inflation

Authorities are struggling to pull Zimbabwe from the grip of an economic crisis characterised by rising prices.

Al Jazeera

TSB giving £1,000 cost of living bonus to 4,500 staff

Comes as some economists believe inflation may reach around 12% in October.

Wales Online

DWP to announce increase in Universal Credit just before Christmas

The changes could mean an extra £600 a year

Wales Online

Amazon Prime increases subscription charges for UK customers

The company have blamed the rise on increased inflation and higher operating costs

Wales Online

Inflation concerns hit 40-year high as prices keep rising

More people in Britain are concerned about inflation now than at any point since the early 1980s, an Ipsos survey suggests.

The Independent UK

Amazon announces price rise for Prime delivery and TV

Giant company blames 'inflation and operating costs' for rise from £79 to £95 per annum

Chronicle Live

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ABC News

What is inflation? Why is the CPI so high? And how is the RBA planning to bring it back down?

Inflation is the highest it has been in decades, and is set to rise further. But how is it measured, what is behind the price rises and how will the Reserve Bank get it back under control?

Bangkok Post

Deglobalisation breeds inflation

The return of high inflation in many developed economies seems to have surprised central banks and has quickly become people's leading economic worry. While monetary tightening is necessary, the role of structural factors warrants attention, too. Specifically, besides pandemic-related supply-chain disruptions and the energy and food-price shocks amplified by the…

StockNews.com

Need a Vacation? Give These 3 Travel Stocks a Go

The travel industry has been resilient against soaring inflation and falling consumer sentiment thanks to the robust pent-up demand. As consumer spending remains steady, travel & tourism stocks trivago (TRVG), Expedia Group (EXPE), and Travelzoo (TZOO) are expected to deliver stable returns in the upcoming months.

The Guardian - AU

Guardian Essential poll: 40% of voters say Labor doing poor job tackling surging cost of living

Half of voters surveyed say they can afford household bills but struggle to find anything extra or report feeling under financial pressure

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Manchester Evening News

Rishi Sunak vs Liz Truss: Where PM candidates stand on tax cuts, Brexit, immigration and other issues

Liz Truss and Rishi Sunak will go head-to-head in a BBC debate on Monday night

Evening Standard

Aldi ups workers’ pay for the second time this year as inflation bites in the UK

Aldi has said it will give store workers across the UK a second pay rise since the start of the year as inflation continues to surge.

Axios

The Fed faces new political pressure as economy slows

A new op-ed from Senator Warren is a sign of the political risks ahead.

The Independent UK

Fed set to impose another big rate hike to fight inflation

Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot

Irish Mirror

Tesco comes out on top while grocery inflation hits highest level since 2008, according to a new study

The study also showed consumer spending on take-home grocery sales in Ireland fell by 3.1% over the 12 weeks to 10 July 2022

The Guardian - US

John Oliver on the causes of the US inflation crisis: ‘An unprecedented perfect storm’

The Last Week Tonight host offers an Economics 101, breaking down the multitude of factors that have caused the worst US inflation in 40 years

Benzinga

The Big Lie: Bitcoin To Hedge Against Inflation

Inflation is insidious, sucking the life out of the finances of individuals, families and nations. The June 2022 inflation rate in the United States was 9.1%, the highest monthly inflation rate since November 1981. The highest inflation rate was recorded in April 1980 at 14.76%. We haven’t reached that point…

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