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The Latest Breaking News from Inflation

What is the rate of inflation and why is it going up?

Brits are struggling with the rising cost of living, but why do prices keep increasing?

Chronicle Live

Start Christmas shopping in July to ease burden of cost of living crisis, Tesco says

Supermarket suggests customers ‘spread the cost of Christmas’ over next five months as inflation hits 40-year high

The Independent UK

How much is the NHS staff pay rise in Scotland and when will it be applied?

BMA Scotland said the offer equates to a "large real-terms pay cut" as UK inflation hits its highest level in 40 years. Health Secretary Humza Yousaf said the uplift shows the government values the "important contribution" of staff.

Daily Record

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B&G Foods (BGS) Down 15% In 3 Months: High Costs A Key Reason

B&G Foods, Inc. (NYSE: BGS) appears to be in not-so-great shape, with its shares down 15.3% in the past three months compared with the industry's decline of 8.7%.

Benzinga

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

The Independent UK

Martin Lewis says savings rates hit a 10-year high - but many banks still ignore savers

Savings deals are paying decent interest rates again, and now MSE's Martin Lewis says if your bank isn't paying 1.5%, it's time to switch - and not to let rising inflation put you off

Daily Mirror

How much items such as milk, eggs, meat fruit have risen in price in the past 12 months

The cost of milk has risen by 26 per cent

Manchester Evening News

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'No GST on crematorium services': Parliament business suffers as BJP, Congress spar over tax hike

NEW DELHI: The business of Parliament’s monsoon session suffered for the third consecutive day over the protest by the Congress-led opposition against inflation and the recent levy of Goods and Services Tax (GST) on certain items. A war of words has ensued between the BJP and the principal opposition Congress…

The Times of India

As inflation reaches 9.4% – what is it and how will it impact your savings?

The Office for National Statistics is tasked with estimating the UK inflation rate.

The Independent UK

Irish inflation rate 2022: What is inflation, why is it so high in Ireland and what happens next?

Many in Ireland are not able to cope with the rises in cost of pretty much everything, with a two-year battle with Covid-19 and the Russian invasion of Ukraine proving to be too much for some

Irish Mirror

What is inflation and why has it gone up again?

With inflation reaching a 40-year high you may have noticed essentials costing more than they used to. But why are prices going up?

Wales Online

Pepsi Kicked off Earnings Season With a Bang. Buy It Now or Wait?

PepsiCo (PEP) surpassed Wall Street earnings and revenue estimates for its fiscal second quarter and raised its revenue outlook despite the economy suffering multi-decade high inflation. The company believes costs will rise further in the upcoming months, and it must manage costs to protect its margins. So, will it be…

StockNews.com

Tories prioritise in-fighting as inflation skyrockets to 40 year high, says SNP

THE SNP have slammed the Tories for prioritising their leadership contest over the cost-of-living as inflation surged to a 40-year high.

The National (Scotland)

Is Ireland now headed for a proper recession? Leo Varadkar gives ominous update amid soaring inflation

Tanaiste Leo Varadkar said the cost-of-living squeeze will “feel like a recession” for people who don’t receive a pay rise

Irish Mirror

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The New Daily

The Reserve Bank will face a major review. Here’s what that means

Australia’s inflation target and why the Reserve Bank has failed to achieve it will be probed in the biggest review of the central bank in decades.

Evening Standard

The Standard View: London wildfires are an ominous warning – we must make net zero a reality

The cost-of-living crisis is not taking a summer break. Prices are continuing to rise at their fastest rate for 40 years as inflation hit 9.4 per cent in May, driven by fuel and food costs.

Daily Record

How soaring inflation will affect your household budget and spending over the next few months

The rate of inflation rose from 9.1% in May to 9.4% in June.

Chronicle Live

Fuel, energy and eight other things rising in price as inflation hits 40-year high

ONS data measuring price indexes has shown that the cost of living crisis is almost at its peak

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The Guardian - UK

‘Everything is going up’: UK hospitality sector struggles as inflation soars

Businesses face squeeze but are reluctant to pass costs to consumers facing cost of living crisis

The Guardian - UK

UK inflation: what goods and services have risen in price and by how much

From milk to mineral water, petrol to pet products – how the costs of goods and services have surged

The Guardian - UK

‘I see price rises of 25-50%’: how inflation is affecting people with a disability or illness

With the rate at 9.4%, UK households are feeling the pressure of the cost of living crisis

Evening Standard

What is inflation? UK rate increases unexpectedly to 3.6%

Inflation has unexpectedly jumped to 3.6%. But what is it, how is it calculated and what does it mean for wages and mortgages?

Wales Online

Exactly how much more expensive everything is today than 12 months ago

Milk has gone up 26.3%, some fuel has gone up 128.9%

Evening Standard

5% pay rises ‘are generous and the final offers’ says minister as unions threaten strikes

The below-inflation pay rises being offered to public sector workers are “extremely generous”, the Chief Secretary to the Treasury insisted on Wednesday as unions threatened strikes at schools and hospitals.

Birmingham Post

Russian seafood sanctions hit with Grimsby cluster chiefs warning of potential to push prices up

Processing issue not major but inflationary impact being monitored as supply chains change

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