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The Latest Breaking News from Inflation

Makers of PG Tips and Marmite says how much its brands have gone up in price

When Unilever hikes its prices, billions of customers around the world are impacted

Wales Online

Nokia Clocks 5% Revenue Growth In Q1 Amid Strong Demand Offset By Supply Chain, Inflation Challenges

Nokia Corp (NYSE:NOK) reported a first-quarter FY22 net sales growth of 5% year-on-year (1% in constant currency) to €5.35 billion. Network Infrastructure grew 9% Y/Y in CC, driven by solid demand in Fixed and Submarine Networks. Cloud and Network Services grew 5% Y/Y in CC with strength in Core Networks. Mobile Networks declined…

Benzinga

750,000 in London and the South East dragged into higher tax rates for years

It also highlighted that 280,000 more people in London would be pulled into paying the 20p basic rate of income tax

Evening Standard

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Ben & Jerry’s, Marmite and Persil owner Unilever ups prices by 8% as costs soar

Soaring inflation of raw materials is set to push up Unilever’s costs by €4.8 billion this year

Evening Standard

Warning in Nottingham suburb that 'everyone is struggling' as cost of living increases

Some people have no money left for emergencies and say waiting around for benefits is no good

Nottingham Post

Which UK supermarkets have cut prices to tackle cost of living – and what's been reduced?

Two supermarkets have cut the prices of many food items to help people who have been hit by the cost of living crisis. Here are all the items whose prices have been slashed

Daily Mirror

New flexible bus tickets introduced on local services

The ticketing updates have been designed to reflect today’s post-pandemic travel needs following a detailed analysis of passenger and purchasing data

Daily Record

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Sainsbury profits to slump as it accuses rivals of ramping up prices

SAINSBURY’S today accused rivals of ramping up food prices, exacerbating the cost-of-living crisis as inflation bites hard on family finances.

Evening Standard

400,000 people to lose their benefits in latest Government move

Another 900,000 people will see a reduction in the amount they receive

Wales Online

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

Cost of living crisis sees millions of Brits skipping meals or eating out-of-date food

Food and drink price inflation hit a near-decade high in March and experts warn it is likely to continue rising

Wales Online

Carl P. Leubsdorf: Reality catches up with Biden

All presidents make sincere efforts to implement the detailed programs they advocate in their campaigns. Most succeed at least to some degree.

Tribune News Service

Commentary: Blame Washington, not Putin, for rising prices

How out of control is inflation? One measure says it all: Prices are now rising as fast in one month as they used to rise in a whole year when President Joe Biden took office.

Tribune News Service

Rate debate sparks war of words in council

The point of much contention was the decision to apply for a one off 2.5 per cent rate rise

Newcastle Herald

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The Guardian - UK

Sainsbury’s customers ‘now watch every penny’ as cost of living soars

Supermarket says ‘significant’ cost inflation is denting margins and squeezing customers’ spare cash

The Guardian - UK

Barclays warns inflation and cost of living crisis is hurting customers

Bank puts aside extra cash to cover potential loan defaults amid fears over effects from Ukraine war

The Conversation

VIDEO: Inflation, Solomons and 'Albo's iso' dominate campaign's third week.

University of Canberra Professional Fellow Michelle Grattan and University of Canberra Associate Professor Caroline Fisher discuss the week in politics.

Liverpool Echo

Universal Credit move will see 400,000 people lose their benefits

And almost a million people who keep their benefits will be left worse off

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The Guardian - UK

US economy shrinks unexpectedly; England and Wales insolvencies double; dollar at 20-year high – as it happened

Rolling coverage of the latest economic and financial news

AAP

'No housing crisis', says John Howard

As debate rages about inflation, John Howard says there is no housing crisis but acknowledges there are pressures to be resolved in the sector.

The Guardian - UK

Thursday briefing: The cost of living strategies that could actually work

In this morning’s newsletter: Archie Bland talks to economics correspondent Richard Partington about what more the government could do to help the worst off in society

ABC News

The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

AAP

Inflation sparks power price hike debate

Inflation rising to 5.1 per cent has consumers worried about what it will mean for their power bills and hip pockets as the government works to allay concerns.

Bangkok Post

Factory output unexpecedly dips in March

Thailand's factory output unexpectedly dipped in March as higher inflation started to affect industry, while the Russia-Ukraine war remains a key risk, the industry ministry said on Thursday.

Liverpool Echo

Mired in scandal, Boris Johnson has no answers for the country's problems

As he tries to move on from party-gate, the Prime Minister lacks ideas, plans and the will to help the nation out of crisis, writes Liam Thorp

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