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The Latest Breaking News from Inflation

Primark confirms major change to website - and it’s good news for shoppers

Primark shoppers will soon be able to use its relaunched website to create a wish list of clothes. This means you'll be able to keep tabs on the outfits you want to purchase later on

Daily Mirror

Cheap UK supermarket shoppers are scrambling to - and it's not Tesco or Asda

Two supermarkets are proving popular with shoppers as annual food bills rise by £271

Liverpool Echo

Editorial: Blaming Biden only goes so far in explaining current global inflation woes

A new International Monetary Fund report suggests that the economic hiccups roiling American politics are actually being felt worldwide and probably have little or nothing to do with President Joe Biden’s leadership. Biden certainly isn’t blameless for at least a portion of the nation’s current inflationary spiral, but the monetary…

St. Louis Post-Dispatch

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Krispy Kreme offering a 41 per cent saving on Wednesdays

The offer will run for the next three weeks

Wales Online

Business backs government climate policy that Morrison says is a ‘carbon tax’ when attacking Labor

Business Council of Australia says safeguard mechanism ‘is already in place alongside a suite of other measures to reduce emissions’

The Guardian - AU

Unions point to 5.1% inflation in calls for NSW government to drop public service wage cap

Teachers are calling for pay rises of between 5% and 7.5% to address shortages and increased overtime

The Guardian - AU

Politics with Michelle Grattan: Economist Saul Eslake on why Reserve Bank needs to raise rates next week

After Wednesday’s larger-than-expected inflation number, all attention has turned to the Reserve Bank’s meeting on Tuesday. If the bank moves next week, it will be the first time there’s been a rise in a campaign since 2007, the election John Howard lost.

The Conversation

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Lloyds Bank warning on economy as it tells customers “seek help”

BRITAIN’S biggest bank today issued stark warnings about what could happen to the economy if inflation takes grip and told customers in trouble to seek help sooner rather than later.

Evening Standard

Primark warns shoppers of autumn price rises as costs increase

Primark has said it is no longer able to offset cost increases with savings and the price rises will take effect on its autumn and winter clothing ranges

Chronicle Live

Tesco's huge Clubcard 'shake-up' branded 'crazy' by shoppers

Another shopper said they now planned to boycott the store

Bristol Post

Lloyds sees signs of customer belt-tightening as cost-of-living crisis bites

The lending giant as seen 1.2 million subscriptions contracts cancelled over the past six months, with customers spending more on energy and food as i

The Independent UK

The Loop: Grim inflation figures revealed, senator told to 'pull your head in', Port Adelaide's recruitment coup

Get up to speed on today's headlines with The Loop.

ABC News

Inflation hits an extraordinary 5.1%. How long until mortgage rates climb?

Australian consumer prices jumped an extraordinary 2.1% in the first three months of the year, the biggest quarterly jump since the introduction of the 10% goods and services tax at the start of the century.

The Conversation

Primark autumn range prices to rise as costs increase

It will come as a crushing blow for many

Nottingham Post

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The Guardian - US

Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

The Independent UK

Mothers paid 47% of minimum wage while on maternity leave

A ‘perfect storm of deprivation’ is brewing for families thanks to pitiful maternity pay rates

France 24

What are the biggest challenges for Macron’s second term?

Emmanuel Macron pulled off an impressive feat as he became the first French president in 20 years to win a second term in office – in face of fierce antipathy amongst large numbers of voters on the left and, in even bigger numbers, to his right. Macron will have to…

Al Jazeera

Australia’s prices surge at fastest pace in two decades

Soaring prices come as Prime Minister Scott Morrison fights a tough election campaign.

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ABC News

Treasurer Josh Frydenberg blames rising inflation on COVID-19, war in Ukraine

The Federal Treasurer Josh Frydenberg is blaming international volatility for Wednesday's inflation figures, which show the sharpest rise in cost-of-living pressures in more than two decades.

The Guardian - UK

Post-Brexit trade barriers increase price of food imported from EU – report

Thinktank finds ‘clear and robust impact’ of Brexit on rising food prices, adding to cost of living crisis

Liverpool Echo

Winners and losers as DWP moves 2.6 million Brits to Universal Credit

The massive shake-up will begin on May 9 this year

The Guardian - AU

‘I’m alive, and that’s it’: rising cost of living puts pressure on people already struggling

Australia’s largest annual rise in inflation for decades compounds the suffering for those hit by the national rental crisis

ABC News

Labor promises crackdown on multinational tax avoidance would bring almost $2 billion in revenue

Labor has laid out its economic plan for the next term, saying it will focus on lifting wages, cutting wasteful spending and a crack down on multinational tax avoidance that would add almost $2 billion to government coffers.

The Guardian - AU

Australia faces prospect of pre-election rate rise as inflation and consumer prices soar

Annual CPI rate rise to 5.1% was higher than expectations and reflects higher fuel and food costs, sparking fears of an interest rate rise

Tribune News Service

Just 46 days in office, Chile’s leftist leader runs into trouble

Hailed as the face of a new Latin American left, Chile President Gabriel Boric was not only elected in a landslide, he embraced a constitutional rewrite to turn his nation from a neoliberal mining power into a model of humane green development.

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