Travel rewards help cut costs on summer vacations amid rising prices
Canadians are changing their travel plans this summer due to rising costs of flights and hotels, according to a new Leger poll.
Inflation
Asda’s profit margins at the pump have trebled, MPs told
Competition regulator tells business committee of ‘significant change’ in retailer’s fuel pricingAsda’s profit margins on fuel have tripled since before the pandemic, according to the competition regulator at a bad-tempered parliamentary hearing where …
UK housing market forecast to avoid slump despite zero growth in prices
Rents jump by record 5.1% in a month as rental market struggles to meet demand from priced-out buyersBritain’s housing market is expected to avoid a slump triggered by rising interest rates, despite a drop in house price inflation to zero in May, accor…
Inflation relief means Rishi Sunak’s targets no longer seem so hard to hit
Annual rate is still four times the government’s objective but is below level expected by financial marketsUK inflation falls to 7.9%Q&A: how high inflation affects everyone from borrowers to saversRishi Sunak and Jeremy Hunt will be breathing a bi…
Tired of high grocery prices? What to expect as the Black Sea grain deal ends
Inflation at the grocery store is more than three times the overall rate of inflation in Canada. Here’s what global price pressures mean for your wallet in the months ahead.
UK interest rates forecast to rise less sharply after inflation falls to 7.9%
Annual rate back on downward path, which eases pressure on Bank of EnglandBusiness live updates – latest newsUK inflation fell further than expected in June to 7.9% amid a sharp fall in petrol prices, easing forecasts for how aggressively the Bank of E…
UK grocery price inflation eases as shoppers turn to loyalty cards
Britons using Tesco Clubcard and Sainsbury’s Nectar more as costs at the checkout continue to riseGrocery price inflation has eased to 14.9%, the lowest rate since Christmas, as supermarket shoppers sought out loyalty card promotions.The fall in inflat…
Economy could slow more than the Reserve Bank expected, latest RBA minutes reveal
Bank left cash rate unchanged in July and meeting minutes state squeeze on households means consumption could slow ‘more sharply than implied by the current forecasts’Follow our Australia news live blog for the latest updatesGet our morning and afterno…
Public sector pay rises of 10% would add little to inflation, says UK thinktank
IPPR report undermines Rishi Sunak’s argument that larger wage settlements would be inflationaryHigher pay increases for public sector workers would not be inflationary, a leading thinktank has said.In a report undermining Rishi Sunak’s central argumen…
Tesco puts squeeze on suppliers so it can cut grocery prices for customers
As market moves from ‘inflation to deflation’, supermarket wants to get ahead of rivals Tesco is pushing for lower prices from grocery suppliers so it can pass them on to its shoppers, arguing that the tide is turning on inflation and it wants to be ab…