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The Latest Breaking News from Inflation

Panamanians angry over inflation press on with protests

Frustrated Panamanians have taken to the streets in protest for more than a week, building upon anger over fuel prices that have nearly doubled to make known their general dissatisfaction with the government of President Laurentino Cortizo

The Independent UK

Think rent is rising fast? It’s worse than you think (and inflation might be too)

Across the country, renters looking for new homes are facing dizzying double-digit rent increases. But you wouldn’t know it from the official federal tally of inflation data.

Los Angeles Times

Exclusive: AMC Ape Matt Kohrs Says, 'Short Term, My Prediction Is Just Crazy Volatility'

Matt Kohrs, a popular YouTube personality among the retail investor crowd that “diamond-hands” shares of GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) appeared Tue

Benzinga

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Biden administration tries to get ahead of red-hot inflation report

WASHINGTON — White House officials launched a defensive strike Tuesday against what they expect will be a dour report marking another month of soaring inflation.

Tribune News Service

ASX rises, RBNZ hikes rates, US dollar hits parity with euro

Australian shares have ended the session higher on Wednesday, despite mining and energy stocks being hit by subdued commodity and metal prices following fresh COVID-19 curbs in China.

ABC News

Michael Pascoe: But what if the inflation hawks are wrong …

“Generals always fight the last war” – and that could be the case with the world’s inflation hawks now. It’s not a good thing.

The New Daily

The Reserve Bank can look across to New Zealand for a hint on Australia's economic future

New Zealand is about six months ahead of Australia in its moves to bring down inflation, so is looking across the ditch a glance into our future?

ABC News

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White House braces country for hot consumer inflation report

Annual headline inflation is forecast to increase to 8.8% for June, up from 8.6%.

Axios

The Fed risks looking backwards on inflation

This focus on inflation in the recent past could mean ignoring signs that inflation is already on track to come down.

Axios

PMGKAY and other tailor-made schemes saved poor from impact of inflation: Finance minister

NEW DELHI: Government's tailor-made programmes, including the Pradhan Mantri Garib Kalyan Yojana (PMGKAY), played a key role in saving the poor and vulnerable section from the impact of inflation, finance minister Nirmala Sitharaman said on Tuesday.

The Times of India

Does Inflation Worry You? These 3 Commodity Stocks Could Help Calm Your Nerves

Commodity prices have plummeted over the past few weeks on concerns over a global recession. However, amid the inflationary pressure, the growing demand for essential commodities should benefit Ryerson Holding Corp. (RYI), Southern Copper (SCCO), and Cameco Corp. (CCJ). Read on….

StockNews.com

Inflation impact on India’s poor negligible, says FM citing UNDP report

Well-tailored programmes to ensure people don’t run the risk of slipping into poverty seem to have made an impact, she says

The Hindu

Why wages should keep up with inflation: the economic case for getting a pay rise

The recent sharp rises in inflation have effectively put an end to three decades of relative price stability in the UK. The prices of most goods and services have gone up and could go even higher.

The Conversation

Could This Be the Most Unusual Time in Economic History?

Sometime last year, I presented a theory that this is probably the most unusual time in economic and financial history due to the pandemic, shutdowns, stimulus, war, etc. It's made a mockery of many forecasters who were late in recognizing the inflation threat, underestimated the economy's resilience in 2020 and…

StockNews.com

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The Times of India

Govt watchful of price situation; pointed attack on inflation to continue: Finance minister

NEW DELHI: With consumer price inflation remaining high, finance minister Nirmala Sitharaman on Tuesday said the government is watchful of the price situation and will continue the pointed attack on inflation.

Roll Call

Biden administration tries to get ahead of red-hot inflation report - Roll Call

White House officials launched a defensive strike Tuesday against what they expect will be another month of soaring inflation.

Daily Mirror

Lurpak owner warns price will go beyond current £7.25 - with threat of shortages

With prices soaring at supermarket tills, shoppers are being told to expect more cost increases for milk, cheese and butter by the owner of Lurpak and Cravendale

Evening Standard

Euro slumps to parity with dollar amid recession fears on Continent

At its lowest point the European currency was down 0.64 of a cent at exactly $1.00

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The Hindu

At above 7%, retail inflation stays stubborn

Food price inflation, as per the Consumer Food Price Index, eased to 7.75%, from 7.97%, but remained above 8% in urban areas, at 8.04%.

The Times of India

Retail inflation at 7.01% in June as against 7.04% in May

NEW DELHI: India's retail inflation based on consumer price index (CPI) stood at 7.01% in June, data released by government showed on Tuesday.

The Independent UK

Sunak hits out at ‘not credible’ tax cut offers, as Johnson loyalists oppose him

The former chancellor said he would only cut taxes ‘once we’ve gripped inflation’.

Daily Mirror

Rishi Sunak says he quit as Government was 'no longer working' at campaign launch

At a slick campaign launch in central London, the former Chancellor promised to push down taxes “when, not if” he gets soaring inflation under control

The Independent UK

Pausing pension contributions for a year ‘may dent retirement pot by thousands’

Some 93% of people Standard Life surveyed said costs and high inflation are going to have impact on, or are already affecting, their finances.

The Independent UK

Asian shares fall as investors await US inflation update

Asian shares are mostly lower after a slump on Wall Street erased recent gains

Al Jazeera

Interest rate hikes start to pinch small Indian businesses

Small businesses start to feel the burn of high interest rates as India launches aggressive campaign to curb inflation.

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