UK inflation to scale even higher as cost of living squeeze tightens February 14, 2022 Inflation will soar even further above a near three decade high this week as the squeeze on households tightens its grip, City experts are betting. Fresh figures released by the Office for National Statistics (ONS) on Wednesday will reveal the the cost of living is running at 5.5 per cent, according to the consensus forecast [...]
US Federal Reserve to move even quicker to tame higher than expected underlying inflation May 11, 2022 A higher than expected rise in a more closely watched measure of stateside inflation may prompt the US Federal Reserve to hike interest rates by a historic 75 basis points at its next meeting. That’s according to top City economics consultancy, Capital Economics, which said the upside surprise to core stateside inflation will worry Fed [...]
Week ahead: City’s gaze turns to fresh inflation figures February 13, 2022 All eyes in the City this week will be on fresh inflation figures as investors brace for another shocker of a print. Most economists expect inflation to firm even further, jumping to 5.5 per cent in January from 5.4 per cent in December. That would still leave the cost of living at around a 30-year [...]
No more Netflix and chill: Consumers cancel subscriptions and miss out on meals out amid historic inflation June 7, 2022 Consumers are tightening their purse strings by cancelling digital subscriptions and holding off on buying new sofas, as inflation sits at a 40-year high. Shoppers’ hesitancy to splash the cash on unnecessary treats or big ticket purchases has contributed to a retail sales growth slowdown, according to a tranche of spending statistics published today. May [...]
Inflation could surge beyond our bleakest forecast, BoE rate setter warns May 9, 2022 A member of the Bank of England’s group of rate setters has today warned inflation could surge above its own worst expectations. Michael Saunders, an external member of the monetary policy committee (MPC), said unless interest rates keep rising, “inflation pressures [will] probably be greater and more persistent” than the Bank expects. The alert chimes [...]
Card Factory warns of lower profits this year as inflation bites January 13, 2022 Card Factory has warned shareholders of lower profits this year due to rising inflation in the UK, which sent its share price into the red. The “significant inflationary headwinds” facing the card maker has already seen it hike prices while it focuses on making the business more efficient. However, the London-listed company cautioned that, despite [...]
Gold prices remain resilient amid rising inflation and spiking yields February 11, 2022 Gold prices have stabilised above $1,800 per ounce amid rising inflation and 10-year US treasury yields spiking above two per cent.
Ex-chief economist calls out BoE for acting too slowly to curb inflation May 7, 2022 The former chief economist at the Bank of England has accused the central bank of mismanaging the UK economy amid soaring inflation.
Persistent labour crunch intensifies pay pressures in sign of sticky inflation February 10, 2022 A shallower pool of available workers and growing calls among staff for employers to lift pay to offset the cost of living crunch is stoking wage tension in the jobs market, reveals fresh figures released today. Intensifying pay pressures in the jobs markets adds to the growing body of evidence indicating historically high inflation could [...]
DS Smith: What inflation? Amazon partner shrugs off rising costs March 10, 2022 DS Smith reported its latest results this morning, which were largely in-line with expectations. The group’s been able to fully offset rising costs with price increases and volume growth. The impact of rising energy costs has been mitigated by improved efficiency and a hedging strategy. Full year like-for-like volume growth is expected to be in [...]