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The Latest Breaking News from Inflation

Where to get more for your holiday money ahead of summer rush to the sun

Pound has surged in value against several foreign currencies in the past two years with Turkey offering the best exchange deals

Wales Online

Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

Reuters

After $5 trillion rout, emerging markets seek turnaround signal

The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors.

Bangkok Post

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Warning to over-55s: don’t raid your pension pot to cope with inflation

As the cost of living soars, retirement savings are being viewed as a means of settling bills. We list reasons why this should be avoided

The Guardian - UK

Couple live half the week off 85p Tesco frozen dinners as cost of living crisis hits home

'We have been struggling to pay for things'

Wales Online

Savvy cook 'cheats' rising food prices with £1 meals using yellow sticker items

Clare Rice says she and partner Shaun Guillan eat like kings on a tiny budget

Wales Online

Asian shares mixed as Wall Street hovers near bear market

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday

The Independent UK

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Iain Duncan Smith calls for DWP benefits to rise by £729 in line with inflation

The proposal would see claimants receive an average of £729 extra over the coming year and first uplift by end of next month.

Daily Record

RBI governor Shaktikanta Das says central bank wants to hike rates in next meetings

NEW DELHI: India’s economic leaders are undertaking a coordinated attack on inflation, with fiscal and monetary authorities seeking to slow price increases and blunt the impact of higher costs on consumers.

The Times of India

Chancellor told to make £729 payment in June for people on Universal Credit

Experts also want an increase in how much people on Universal Credit can earn

Wales Online

Biden pitches Democrats as saviors for US economy ahead of midterm elections

Amid unyielding criticism from Republicans, Biden warns as bleak as it seems now, Republican control of Congress would be worse

The Guardian - US

Employment Minister urges Scots to be 'sensible' over pay

He warned that if people 'take wrong decisions we could end up with a recession'

Insider UK

Asian Markets Mixed as Inflation Fears Weigh

Asian stocks were mixed Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the US central bank. Wall Street ended the…

Asharq Al-Awsat

Biden says weighs reducing tariffs on China, asking OPEC to pump more oil

U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.

Reuters

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The Guardian - UK

UK inflation: what it means for house prices, savings and pay rises

We answer readers’ questions about how the rise in cost of living will affect them

The Independent UK

Trump under fire for sharing post ‘calling for civil war’ over US inflation

The tweet from El Salvador’s president was shared as a screenshot on the Truth social site by former Fox Nation host Lara Logan

The Independent UK

Asian shares mixed after Wall St barely misses bear market

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday

The Guardian - AU

Market response to Australia’s new Labor government will be ‘muted’, economists say

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

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Bangkok Post

Baht on a tightrope

Industry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters.

The Hindu

Letters to the Editor — May 23, 2022

Reining in inflation

The Hindu

Food security does not need this ‘surgical strike’

India’s flip-flop on the export of wheat is an example of the Government lacking a coherent policy of food security

Evening Standard

‘I’d send poorer families a cheque in the post’, says George Osborne

George Osborne has urged the Government to “send a cheque in the post” to lower and middle-income families struggling with rising energy bills and inflation.

Tribune News Service

Biden adviser says US economy can withstand Fed inflation fight

White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.

Manchester Evening News

Calls for struggling Universal Credit claimants to be given £700 emergency cash boost amid cost of living crisis

Former Conservatives leader Iain Duncan Smith has called for benefits to be increased in line with inflation to help Brits struggling amid cost-of-living crisis

The Hindu

Centre mulls spending over ₹2 lakh crore to fight inflation, say sources

Retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high.

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