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The Latest Breaking News from Inflation

Walmart gets hammered by worst drop since 1987 on forecast cut

Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel.

Tribune News Service

Universal Credit claims up 13 per cent with another 200,000 people on benefits

It comes as inflation across the UK heads towards 10 per cent and unemployment stands at 3.7%

Wales Online

Apocalyptic food prices: Why cost of food is soaring and how to deal with it at home

The Bank of England chief has issued a stark warning about incoming food shortages due to global events, which is resulting in the danger of 'apocalyptic' prices

Daily Mirror

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Wait for deals continues at Vodafone as CEO Nick Read warns of inflation impact

Vodafone left the City disappointed today as it kept investors waiting for deals and warned of an inflation-driven slowdown.

Evening Standard

M&S and ex-ASDA boss issues bleak warning to every shopper in Britain

Archie Norman has issued a bleak message to anyone who uses supermarkets in Britain

Manchester Evening News

Food prices could increase by 10 per cent this year, warns M&S chief

FOOD prices could soar by as much as 10 this year, the chairman of Marks & Spencer (M&S) has warned.

The National (Scotland)

Hiring crisis hits firms with more vacancies than jobseekers for the first time

London employers warn that recruitment has never been harder

Evening Standard

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Zimbabwe unfreezes bank lending only days after policy change

Zimbabwe, which experienced 500 billion % hyperinflation in 2008, is experiencing another episode of high inflation.

Al Jazeera

Single parents set to lose a whole month's pay this year thanks to rocketing inflation

Damning House of Commons Library analysis finds inflation, DWP Universal Credit and National Insurance and tax changes will leave a single parent-of-two £1,214 worse off - which is what they take home after tax in a month

Daily Mirror

Pound jumps as jobs data fuels interest rate bets

THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.

Evening Standard

Unemployment at lowest level since 1974 as UK wages fall sharply

Pay has dropped by the biggest fall in over 10 years

The Independent UK

‘I saw two Tory whips having tequila for breakfast’: Margaret Beckett on Blair, the Iraq war and half a century in politics

She is Britain’s longest-serving female MP. As she approaches retirement, she remembers the thrill of Westminster in the 70s, the successes and failures of the Blair years, and nominating Corbyn for the Labour leadership

The Guardian - UK

Price of food could go up 10% this year says M&S boss

Wales Online

Marks & Spencer boss details the 700-page document taking eight hours to prepare lorry drivers need just to go to Ireland

The documents also need to be partially written in Latin

Wales Online

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Daily Mirror

Food prices could rocket by 10% this year for struggling Brits, M&S chief warns

M&S chairman Archie Norman said a 10% rise won't be surprising after a warning of 'apocalyptic' food price rises came from the governor of the Bank of England, Andrew Bailey

Bangkok Post

Arkhom says growth outlook good despite agency's downgrade

The Finance Minister said on Tuesday that the outlook for the economy this year was still good, despite the state planning agency's downgrade in its growth forecast, and he wanted to see a policy rate that still supports the recovery.

The National (Scotland)

Tory minister 'surprised' to hear about 'apocalyptic' rise in food prices

A TORY minister has claimed he is “surprised” to hear an “apocalyptic” warning about increases in food prices from the governor of the Bank…

The Guardian - UK

School meals will shrink without help to tackle rising costs, warns food boss

Schools in England could be forced to cut meal portions or quality unless government increases funding for free school meals, says Bidfood chief

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Evening Standard

Food prices could soar by 10% this year, warns M&S boss

The boss of Marks & Spencer said the crunch time for families would come after summer holidays when they find ‘there is nothing left in the kitty’

The Guardian - UK

UK pay hit by inflation but unemployment falls to 48-year low

Most workers face fifth month of falling living standards despite soaring City bonuses

The Guardian - UK

Pound jumps as UK unemployment falls to lowest since 1974, but basic pay lags inflation – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Millions of workers seeing real terms pay fall ‘sharply’ as inflation bites

The squeeze is set to get worse as the Bank of England has forecast that inflation may rise into double figures later this year

Chronicle Live

Big fall in North East unemployment but warning over pay levels

The numbers of people claiming out-of-work benefits in the region has fallen below pre-pandemic levels

The Independent UK

Asian shares advance despite losses on Wall Street

Shares are higher in Asia after another wobbly day on Wall Street extended a losing streak for markets

The Times of India

Elon Musk sees US as 'probably' in recession lasting up to 18 months

NEW YORK: Elon Musk said that the US economy was "probably" in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.

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