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The Latest Breaking News from Inflation

Bank of Thailand 'closely monitoring' weakest baht in 5 years

The Bank of Thailand (BoT) on Thursday said the movement of the baht has had limited impact on inflation and the economy, after the currency reached its weakest rate against the US dollar for five years on Thursday.

Bangkok Post

Baby formula shortage leaves parents scrambling nationwide

A combination of product recalls, rising prices and supply chain issues have particularly affected the availability of formula

The Independent UK

New figures show how much wealth - and happiness - UK has lost since pandemic

72% of us expect to be worse off as a result of inflation

Wales Online

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UK recession fears grow as rising inflation set to leave more Scots struggling

Tory ministers are under mounting to pressure to get to grips with the cost of living crisis amid predictions the UK economy is heading for recession.

Daily Record

Scottish job growth eases to four-month low in April

Steeper drop in candidate supply reported, as demand for staff strengthens, while starting pay continues to increase rapidly

Insider UK

Landlord Grainger hails strong results thanks to strengthening rental market

The North East-based listed landlord also said it was making £9.2m available for potential fire safety remediation works

Birmingham Post

UK growth slows to weakest for a year as recession fears grow

The Office for National Statistics said GDP rose by 0.8% between January and March, down from growth of 1.3% in the previous three months.

The Independent UK

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UK economy shrank in March as households rocked by soaring food and living costs

Prices are rising at their fastest rate for 30 years, driven by soaring fuel, food and energy costs - and the worst is yet to come, the Bank of England has warned

Daily Mirror

Asian shares track technology-led sell-off on Wall Street

Shares have declined in Asia following the release of U.S. inflation data that was worse than expected

The Independent UK

Health spending and cost of living major focus of Mark McGowan's WA budget

Mark McGowan says this year's budget aims to ease cost of living pressures, but welfare groups say it's not enough while unions describe the absence of a pay rise for public sector workers is a "kick in the guts".

ABC News

UK economy shrank 0.1% in March as inflation and Ukraine war takes toll

Risk of recession increases as economy goes into reverse, piling pressure on chancellor to offer help to struggling families

The Independent UK

UK economy shrank by 0.1% in March as cost of living crisis bites – as it happened

Calls for emergency budget grow as UK economy contracts unexpectedly in March, with consumers cutting back on spending, and car sector struggling

The Guardian - UK

Philippines’s GDP growth blasts past forecasts

Southeast Asian country’s gross domestic product expands 8.3 percent in first quarter.

Al Jazeera

Anthony Albanese narrows scope of pledge to support 5.1% pay rise to match inflation

Labor leader says stance only relates to those on minimum wage of $20.33 an hour and is conditional on industrial tribunal ordering increase

The Guardian - AU

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The Guardian - AU

Morrison stance on minimum wages branded ‘hypocrisy’ as student loans remain indexed at inflation rate

National Union of Students says the Liberal’s position on minimum pay increases is at odds with automatic indexing of student loans to CPI

Bangkok Post

Goldman predicts Thai interest rate hike in Sept

Hawkish expectations in Asia’s emerging markets are piling up as traders become increasingly convinced that central banks in the region cannot ignore the threat of domestic inflation any longer.

Benzinga

Bitcoin, Ethereum, Dogecoin Extend Losses On Inflation Report, Terra (LUNA) Fiasco: Whales Become 'Extremely Active' For This Coin

Major coins crashed sharply with Ethereum down more than 10% as the global cryptocurrency market cap dropped 10.25% to $1.3 trillion at press time.

The Conversation

Yes, $5 for lettuce is too much. Government should act to stem the rising cost of healthy eating

The cost of living is on the rise. The recent Consumer Price Index (a measure of inflation of a standard basket of goods) revealed Australians’ grocery baskets are one of the biggest casualties.

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The Independent UK

Biden mocks Trump as ‘the great MAGA King’ as he blames him for leaving US economy ‘on the brink of a Great Depression’

‘Under my predecessor, the great MAGA king, the deficit increased every single year he was president’

Pedestrian.tv

Albanese Declared Winner Of Final Leaders’ Debate After Morrison Praised Him For Being … Poor?

Anthony Albanese has been declared the winner of the third and final leaders’ debate of the election campaign but we can't get our hopes up.

Chicago Sun-Times

President Biden seeks to unite electricians in Chicago and farmers in Kankakee behind him — and against Putin

In Kankakee, Biden sought to focus farmers’ anger on Russian President Vladimir Putin and “Putin’s war.” In Chicago, an animated Biden detailed his infrastructure plan’s creation of jobs at the International Brotherhood of Electrical Workers’ International Convention.

The Independent UK

Senate confirms Black economist to Federal Reserve Board

The Senate has confirmed economist Phillip Jefferson to the Federal Reserve’s Board of Governors

Benzinga

Why Dogecoin Spin-Off Floki Inu Is Up 50% Today, Leaving Bitcoin And Ethereum In The Dust

Floki Inu (CRYPTO: FLOKI) is trading higher by some 49.13% to $0.00001159 Saturday morning.

The Independent UK

Confidence in household finances hits record low

Confidence in household finances over the short term hit an all-time low in the survey from YouGov and the Centre for Economics and Business Research.

The Independent UK

Little evidence of house price growth losing momentum, say surveyors

House prices have recently soared to a string of record highs.

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