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City economists predict annual rate will fall from 8.7% recorded in April and May but will still be higher than in eurozoneHow Britain became the G7’s inflation outlier – in one chartThe UK’s inflation rate is expected to drop this week but is likely t…
This week’s CPI figures look set to highlight a trend: that prices in the UK seem to rise faster than they do elsewhereThe UK has a longstanding problem with inflation. Since the 2008 banking crash, bouts of inflation felt across the world have sent pr…
Retailers should be forced to display detailed price information on loyalty card deals, says consumer groupSupermarket food prices have increased by more than 25% over the past two years according to the consumer group Which?, with the size of the rise…
Anthony Albanese says when it comes to the next leader of the Reserve Bank ‘we will make that decision as a cabinet’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastPhili…
The International Monetary Fund said that inflation “seems to have peaked” in 2022, and core inflation, while also easing, remains above targets in most G20 countries.
Gloomy report says national debt could exceed 300% of GDP within next 50 yearsThe UK’s public finances are in a “very risky period” after a series of major shocks that have driven the nation’s borrowing costs to rise at the fastest rate in the G7, the …
Washington (AFP) – US consumer inflation cooled in June to its lowest rate since early 2021, according to government data released Wednesday — an encouraging sign for policymakers battling cost-of-living pressures. The key inflation gauge, the consum…
‘Not too early to start chilling the champagne,’ says one analyst as traders toast drop in consumer inflation Britain’s blue-chip share index has posted its biggest one-day jump of 2023 after US inflation slowed by more than expected last month.The FTS…
The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expectedGet our morning and afternoon news emails, free app or daily news podcastPhilip Lowe may yet go down as o…
Fellow hospitality chain Loungers enjoys record sales, with inflationary pressures diminishingThe pub chain JD Wetherspoon has reported soaring sales in recent weeks, as cash-strapped consumers look for cheaper food and drinks amid high inflation and t…