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The Latest Breaking News from Inflation

Shoppers left dismayed after price of Lurpak butter goes up to £7.25 a tub

Prices of food, petrol and energy have been rising in recent months but this increase in the cost of butter has left shoppers stunned

Chronicle Live

How much did interest rates go up by? What is the RBA's new cash rate? How could it all impact you?

We've just been hit with the third cash rate hike in three months. Here's what it all means.

ABC News

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

The New Daily

Proportion of top degree grades in England could fall by nearly 25%

Universities say they want to reverse the grade inflation seen during the Covid pandemic

The Guardian - UK

Business in 'crisis mode' due to cost of living, Scottish Chambers of Commerce warns

Nine in 10 Scottish firms surveyed continued to report major inflationary pressures

Insider UK

Millions of people's incomes will start increasing from tomorrow

Critics point out that lowest earners will not benefit from raise in NI threshold

Wales Online

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Income boost for some as National Insurance threshold increases from Wednesday

NI starting thresholds will rise from £9,880 to £12,570 from July 6 as households grapple with surging living costs.

The Independent UK

Universities promise return to ‘pre-pandemic’ level of firsts

Universities pledge to bring number of first and 2.1s back into line with 2019 levels.

The Independent UK

Committee revises up GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card.

Bangkok Post

3 MLPs to Pay Attention to in July

The stock market has been experiencing a wild swing lately amid rising inflationary pressure and the Fed’s monetary policy tightening. However, fundamentally sound MLPs Suburban Propane (SPH), Höegh LNG Partners (HMLP), and Hess Midstream (HESM) could be a great addition to your watchlist, given the steady income stream they offer.…

StockNews.com

Why are interest rates going up? What does inflation have to do with the Reserve Bank’s decision?

Interest rates have just risen, again. But do you understand why? Here's everything you need to know.

ABC News

Biden close to rollback of Chinese tariffs to fight inflation

President Joe Biden may announce as soon as this week a rollback of some U.S. tariffs on Chinese consumer goods — as well as a new probe into industrial subsidies that could lead to more duties in strategic areas like technology.

Tribune News Service

Homeowners warned to expect at least two further rate hikes as repayments soar

Cash rate predicted to rise again in August as the RBA attempts to bring down rising inflation

The Guardian - AU

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AAP

Further rate rise to hit family budgets

The Reserve Bank of Australia board lifted the official cash rate to 1.35 per cent, adding to cost pressures on households.

The Guardian - AU

Higher interest rates may not slow inflation, and central banks are partly to blame

The Reserve Bank of Australia’s decision to raise the cash rate may backfire and cause economic instability

The Guardian - UK

John McDonnell calls for strict price controls on fuel and food basics

Former shadow chancellor says a radical response needed to the worst cost of living crisis in a generation

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

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StockNews.com

Pick Up This Sturdy Consumer Staple Stock in Times of Trouble

Given the growing concerns over the Fed’s hawkish stance to tame the rising inflation and the possibility of the economy tipping into a recession, it could be wise to invest in fundamentally solid consumer staple stock General Mills (GIS). Consumer staples stocks are seen as recession-proof due to the non-cyclical…

Axios

Trump says Ukraine war, inflation wouldn’t happen if he were president

Former President Donald Trump also criticized Wyoming Rep. Liz Cheney in a series of Truth Social posts.

The Independent UK

Add rent to the rising costs bedeviling small businesses

The rent has come due for America’s small businesses and at a very inopportune time

The Guardian - UK

Germany records first monthly trade deficit since 1991 as inflation soars

May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base

The Independent UK

German leader gathers employers, unions to tackle inflation

German Chancellor Olaf Scholz has gathered top employer and labor union representatives at his Berlin office to seek ways of addressing the impact of rising prices while preventing a spiral of inflation in Europe’s biggest economy

Wales Online

Shoppers aghast as Lurpak soars to £7.25 a tub

Brits facing soaring prices at supermarkets

The Guardian - UK

Turkey hit with soaring prices as inflation nears 80%

Growth in annual prices rose from 73.5% in May to 78.6% in June, but real rate could be double official figure

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