US economy grows sluggish 1.5% in second quarter as inflation tops Fed target
Consumer spending remained resilient even as policymakers kept interest rates on holdThe US economy expanded at a sluggish 1.5% pace from April throug...
Bank of England holds interest rates at 3.75% as inflation fears mount
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelThe Bank of England has kept UK interest rates on hold as fears ...
‘Dodged a bullet’: inflation eases to 3.8%, reducing chances of interest rate rise for Australia’s mortgage holders
ABS data shows inflation still too high but tracking lower than anticipatedAustralian mortgage-holders have “dodged a bullet’, with the Reserve Bank n...
Potential for first Australian oil refinery in 60 years as treasurer braces for inflation from Middle East war
Commonwealth and Western Australia to fund study into construction of large-scale petrol refinery as buffer against fuel vulnerabilityGet our breaking...
UK inflation falls to 2.6% in lift for Burnham’s cost of living plans
Annual June figure comes after new PM pledges to reduce pressure on households and improve economyUK inflation dropped by more than expected in June t...
Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflat...
Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last yearInflation cooled to an annual rate of...
Rapid demand for AI datacentres in Australia could stoke inflation, experts warn – and crowd out land for housing
Calls are growing for new datacentre approvals to be halted until stronger protections are consideredGet our breaking news email, free app or daily ne...
Sainsbury’s chief says grocery inflation not as bad as feared so far
Supermarket has lifted sales with Aldi price match, and has benefited from hot weather and World Cup matchesBusiness live – latest updatesGrocery infl...
Victorian premier blames ‘inflation not corruption’ for Big Build cost blowouts amid fresh allegations
Jacinta Allan resists calls for royal commission into state’s infrastructure projects as pressure mounts following new reportsFollow our Australia new...
Key Fed inflation gauge rises to three-year high in May after gas prices peaked
Consumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midtermsThe Federal Reserve’s preferred inf...
Interest rate hikes remain on cards as underlying inflation climbs, economists warn
Despite plunging fuel prices, trimmed mean inflation increased from an annual pace of 3.4% to 3.6%Follow our Australia news live blog for latest updat...
Surprisingly benign UK inflation data signals a softer Iran war hit than feared
War’s impact on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plcUK infl...
UK inflation stays steady at 2.8% despite Iran conflict driving up fuel prices
Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest ratesUK inflation unexpectedly remained at 2.8%...
Bank of Japan raises interest rates to 31-year high amid Iran war inflation pressures
Country follows ECB in increasing borrowing costs, but US Fed and Bank of England expected to hold ratesBusiness live – latest updatesThe Bank of Japa...
ECB raises eurozone interest rates as Iran war stokes inflation
European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next springBusiness live – latest updatesThe European C...
Inflation tops 4% for the first time in 3 years on spike in gasoline prices
Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasolin...
US inflation jumped 4.2%, the third consecutive increase since start of Iran war
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy pricesUS inflation jumped 4.2% in May, t...
Iranians Sink Into Despair Facing War Deaths and Skyrocketing Inflation
An imploding economy is causing hopelessness among both pro- and anti-government Iranians. And for those who wished for regime change, the letdown is ...
Inflation won Trump the presidency, but could cost him the midterms
Trump’s pursuit of policies that drive up prices, including tariffs and war, might be punished in November’s electionsFor such an uncannily successful...
