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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…
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…
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…
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…