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The Latest Breaking News from Inflation

Kuwait Looks Forward to Invest in US Infrastructure

The Kuwait Investment Authority (KIA) is waiting for a further expected decline in global markets before deploying investments and believes that will be by the end of the year, Managing Director Ghanem al-Ghenaiman said on Tuesday. Speaking at the Qatar Economic Forum organized by Bloomberg in Doha, Ghenaiman said he…

Asharq Al-Awsat

Best savings accounts to beat rising costs as inflation hits 40-year high of 9.1%

Soaring inflation means higher bills for UK households, and it is also eating away at the value of any spare cash you might have - but the good news is savings deals can help ease this pressure

Daily Mirror

Brits warned pizza and quiche getting rapidly more expensive

Soaring prices also affecting potatoes

Wales Online

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Former Tory minister calls 10% rise in state pension ‘ludicrous’

Jim O’Neill scathing about decision to help pensioners while forcing real-terms pay cuts on public sector workers

The Guardian - UK

Rishi Sunak urged to slash VAT to help families struggling due to record high inflation

Scottish Liberal Democrat Treasury spokesperson and MP for Edinburgh West Christine Jardine urged the Chancellor to do more to help struggling families.

Daily Record

Some Asda shoppers setting strict £30 limit at checkouts and petrol pumps

Comes as inflation soars and remains at a 40-year high

Wales Online

Teachers warn of autumn strikes if Tories refuse 'inflation plus' pay rise

The National Education Union said it would consult its 450,000-strong membership over potential industrial action if ministers fact to act on pay, staffing and workload issues

Daily Mirror

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How soaring inflation will affect your household finances over the next few months

The rate of consumer prices index (CPI) inflation rose from 9% in April to 9.1% in May.

Daily Record

Largest teaching union threatens to ballot members in England on strike action

National Education Union writes to education secretary Nadhim Zahawi, calling for ‘inflation-plus’ pay rise

The Guardian - UK

Asda shoppers setting £30 limits at tills as inflation hits 9.1%

Stuart Rose flags ‘massive change’ in consumer behaviour and says No 10’s priority is to get inflation down

The Guardian - UK

UK inflation has hit a 40-year high. Here's what that means for Australia

Inflation is soaring to new highs in major global economies and Australia is not immune.

ABC News

Tories told state pensions rise ‘crazy’ as workers ordered to accept wage cuts

Lord Jim O'Neill, a former Treasury minister, branded protections for pensioners 'ludicrous' in the face of soaring hardship for working families

Daily Mirror

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

Biden wants a gas tax holiday. Some economists say that's a bad idea

Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.

WEKU

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The Independent UK

State pension to rise 10 per cent next year with return of triple lock despite warnings on pay

Government defends restoring triple lock while insisting public sector workers receive below-inflation pay rises

The Guardian - UK

Rail strikes: travel disruption across Great Britain as fallout continues

Transport bosses say services will be disrupted throughout the week after mass industrial action on Tuesday

The Independent UK

Shoppers setting £30 limit for groceries amid cost of living crisis, Asda says

Food prices continue to soar as inflation hits a record high

The Independent UK

Teacher union threatens strike action if government fails to offer ‘inflation plus’ pay rise

‘We can no longer stand by while you run both education and educators into the ground’

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The National (Scotland)

Inflation spike 'extremely worrying' for struggling Scots, Kate Forbes says

SCOTLAND’S Finance Secretary has warned the state of the UK’s economy is “extremely worrying” as inflation hit a new 40-year high.

The Guardian - UK

Shapps says RMT claim he wrecked talks ‘a total lie’ as Thursday’s rail strikes set to go ahead – as it happened

This live blog is now closed

Daily Record

Inflation in UK hits 40 year high with more Scots households left struggling

Food and fuel prices are rising at their fastest rate in 40 years and many Scots are struggling to make ends meet.

The Guardian - UK

If UK inflation feels bad now, the grim news is worse is on the way

Analysis: PPI, the indicator of rises before they reach the consumer, shows higher price rises to come

WEKU

U.K. inflation rate hits a new 40-year high of 9.1%

The increase is in line with analysts' expectations and comes as the Bank of England says inflation could hit 11% in October, when a cap on domestic energy bills is lifted.

The Independent UK

UK inflation rate hits new 40-year high of 9.1%

Britain’s inflation rate hit 9.1% in May, a new 40-year high and up slightly on the previous month

Bangkok Post

Gradual hike in policy rate to limit side effects: BoT minutes

The Bank of Thailand's (BoT) rate committee held its key interest rate steady earlier this month, but noted that gradual hikes would allow the economy to adjust smoothly and limit negative side effects, minutes of the meeting showed on Wednesday.

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