The Latest Breaking News from Inflation

Australians are spending more online as inflation eases and interest rate cuts seem more likely following a lean period, especially for some home-buyers.

In the United States, President Donald Trump has been pressuring the chairman of the US Federal Reserve, Jerome Powell, to slash interest rates. This is partly to ease the interest payments on the ballooning US government debt.

Households are changing their shopping habits to save money on food

Grocery price inflation accelerated to 5.2% in the four weeks to July 13, according to market research firm Worldpanel by Numerator.

Hot weather and tax hikes on employers blamed for the higher checkout bills

Former Federal Reserve Chairs Ben Bernanke and Janet Yellen have cautioned that President Donald Trump‘s ongoing pressure on the current Fed chief, Jerome Powell, could have dire long-term consequences for the U.S. economy.

Food items including potatoes, onions, lettuce, cabbage, fruit and rice are hit by extreme weather that exceeded historical precedent, raising inflation and prices for consumers, a new report shows. The study is released ahead of an important United Nations food summit, to open on Sunday in Ethiopia.

University of Michigan economist and former Obama White House advisor Betsey Stevenson issued a stark warning about the consequences of ending the Federal Reserve's independence.

There was a time when grabbing eggs, bread, or butter didn’t leave you doing a double take at the checkout line. But, inflation and supply chain disruptions have turned some basic items into shocking splurges. Many shoppers are now walking past once-staple products, leaving shelves fuller than usual. As prices…