US inflation nears 40-year high, as Omicron fears set in December 10, 2021 US inflation is poised for a nearly 40-year high, with analysts forecasting a jump to 6.8 per cent compared with this time last year. Though investors still await more data from the US Bureau of Labor Statistics, which will release its consumer price index later today. The fresh inflation heights could add more coal to [...]
Mirror and Daily Star publisher on track to double digital revenue by 2024 amid inflation concerns March 1, 2022 Shares in the publisher behind the Daily Mirror and Daily Star tanked as much as 25 per cent today, wiping about £180m from the company’s market value, after it warned that inflation would hit its 2022 profits hard. Despite digital revenue up over 25 per cent to £148.3m and 10m sign-ups across its titles, investors [...]
21m German retirees in line for hefty pension increase this year thanks to higher wages and inflation March 26, 2022 German retirees will get a hefty pension increase this year, largely as a result of higher wages in Europe’s biggest economy as inflation climbs sharply, the government said. The German labour ministry said pensions will increase by 5.35% in the former West Germany on July 1 and by 6.12% in the formerly communist east. There [...]
Labour hits out at Boris Johnson for saying UK inflation fears are ‘unfounded’ January 5, 2022 Labour has attacked Boris Johnson for his allegedly complacent attitude on rising UK inflation, with deputy leader Angela Rayner hitting out at the Prime Minister for not easing the cost of living crunch for British families. Rayner, who was filling in today for a Covid-positive Sir Keir Starmer, called out Johnson in Prime Minister’s Questions [...]
Irn-Bru owner AG Barr increases prices as company battles rising inflation February 1, 2022 The company behind Irn-Bru has revealed that prices for its drinks have gone up due to inflation. Bosses at AG Barr said they have seen rising costs for raw materials, including packaging and energy bills, leading to cost-cutting measures, adding that they have “adjusted our pricing with customers where appropriate”. The comments came as the [...]
Swelling food and energy costs lift US inflation October 13, 2021 A jump in food prices and energy costs drove inflation in America to a fiery clip in September, testing Fed chair Jerome Powell’s insistence that price rises are transitory. On an annual basis, US inflation hit 5.4 per cent last month, according to the Labor Department. Higher prices for food, which rose 4.6 per cent, [...]
Inflation could push past seven per cent in 2022, economists caution January 4, 2022 Inflation could push past the seven per cent mark this year, economists have cautioned, as living costs swell. The new year could bring the highest levels of inflation since the 1990s, economists told The Times, after prices rose by 5.1 per cent in the year to November. More than a third of economists forecast inflation [...]
Wildwood restaurant owner Tasty remains ‘cautiously optimistic’ amid ongoing labour shortages and inflation woes March 23, 2022 Wildwood restaurant owner Tasty reported a 44 per cent revenue boost to £34.9m this morning, despite obstacles in re-opening stores.
UK inflation tops 6 per cent as households call on Rishi Sunak for cost of living respite March 23, 2022 The Consumer Prices Index (CPI) measure of inflation marked the largest monthly increase since 2009 last month. According to the Office for National Statistics (ONS), CPI rose 0.8 per cent in February 2022 on a monthly basis. This was compared to a rise of just 0.1 per cent in February 2021. CPI rose 6.2 per [...]
Today’s Fed meeting: ‘Officials are behind the curve when it comes to dealing with inflation risk’ January 26, 2022 Markets’ main focus is set to be on today’s Fed meeting, and the messaging that is expected to layout the rate path for the rest of the year, starting with a widely expected 0.25 per cent March rate hike. “Last month’s Fed meeting saw the central bank accelerate its tapering program to $30bn a month, [...]