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The Latest Breaking News from Inflation

Asian shares dip despite Wall St rally; eyes on Fed chair

Asian shares are lower as markets shrug off a Wall Street rally and await the congressional testimony of Federal Reserve Chair Jerome Powell

The Independent UK

What 9.1% inflation means for your money - and five items rising fastest in price

UK inflation has hit 9.1% in further misery for struggling households as the cost of living crisis deepens in the UK. But what does high inflation mean?

Daily Mirror

Inflation rises again to new 40-year high of 9.1 per cent

The cost of raw materials, said analysts, rose to its fastest rate on record

Manchester Evening News

From analysis to the latest developments in health,
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We can't allow unions to win over rail strikes, UK deputy prime minister says

Britain's deputy prime minister Dominic Raab said on Wednesday that the government couldn't allow "militant unions" to win over rail strikes, warning that their demands could lead to an inflationary spiral.

Reuters

Tunisia Urges IMF to Consider Social Impact of Reforms

Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any economic reforms it may demand as part of a bailout package. The North African country has been in preliminary discussions with the global lender for a new loan to save…

Asharq Al-Awsat

FTSE 100 Live: Inflation at 9.1%, recession fears hit shares and oil price

Soaring food and motoring costs today sent the UK’s inflation rate to a fresh 40-year high of 9.1%.

Evening Standard

Asda says some shoppers setting £30 limit at till amid cost-of-living crisis

The boss of supermarket chain Asda has called on ministers to do more to help ease the cost of living crisis as he revealed some shoppers at his stores are now asking checkout operators to limit their spending to £30.

Evening Standard

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Emir of Qatar Says Global Economy to Shrink by a Third

Emir of Qatar Sheikh Tamim bin Hamad Al Thani warned on Tuesday of a wave of global economic stagnation and inflation that the world has not seen in 45 years, citing a slowdown of growth in the global economy by about a third this year. Speaking at the opening of…

Asharq Al-Awsat

Cost-of-living still rising with inflation at 40-year-high, new figures show

The rate of inflation has risen sharply in May, driven by an increase in food and petrol costs

Chronicle Live

Inflation at new 40 year high of 9.1% - economy on ‘knife edge’

UK in clear danger of falling into recession

Evening Standard

Inflation rises again to new 40-year high

Steep food price rises and record petrol prices were offset by clothing costs rising by less than this time last year

Insider UK

UK inflation hits 40 year high as cost of living crisis deepens

Inflation has risen to 9.1%

Liverpool Echo

Fuel and food fire highest inflation rate for 40 years

Rishi Sunak faces fresh calls for VAT cut after latest cost of living surge to 9.1%

Evening Standard

Inflation hits 9.1 per cent in fresh blow to household budgets

Cost of living remains at a 40-year high

Wales Online

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The Independent UK

Inflation hits fresh 40-year high -OLD

UK inflation, the rate at which prices rise, climbed 9.1 per cent in the 12 months to May, a fresh 40 year high.

The Independent UK

Inflation hits fresh 40-year high as cost of living crisis deepens

Fuel and food were among the biggest drivers of price growth across the economy

ABC News

NSW nurses and midwives to strike next Tuesday in response to budget

Nurses and midwives from 80 hospitals across NSW will strike next Tuesday after union demands were unmet in Tuesday's budget, including pay rises in line with inflation and staff-to-patient ratio requirements.

Daily Mirror

UK inflation hits 9.1% in new 40-year high as cost of living crisis deepens

The consumer prices index (CPI) measure of inflation rose in the 12 months to May to 9.1% - its highest level since 1982, as the cost of living crisis continues

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The Guardian - UK

UK inflation rises to 9.1%, its highest rate in 40 years

Headline CPI rate will add to cost of living crisis, fuelled by rises in food and transport costs

The Guardian - UK

UK inflation rises to fresh 40-year peak of 9.1% as cost of living crisis worsens – as it happened

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

AAP

Still no sign of wage inflation: Burke

Employment Minister Tony Burke insists there is still no sign of wage inflation, noting Reserve Bank governor Philip Lowe's warning over excessive increases.

Bangkok Post

Arkhom recommends gradual rate hikes

Finance Minister Arkhom Termpittayapaisith asked the Bank of Thailand to discuss with commercial banks whether they can raise their interest rates on a gradual basis in the event the central bank decides to raise its policy rate.

The Guardian - UK

Brexit is making cost of living crisis worse, new study claims

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

Benzinga

Why This Fed President Expects Economic Expansion In 2022

On Monday, St. Louis Fed President James Bullard delivered a presentation on the economic landscape to the Barcelona School of Economics.

Bangkok Post

International trade: Is it a help or a hindrance?

Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are…

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People

Tamim bin Hamad Al Thani

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Arkhom Termpittayapaisith

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Office for National Statistics

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International Monetary Fund

Resolution Foundation

NSW Nurses and Midwives Association

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