Dutch inflation climbs sharply to 3.5%, driven by energy costs
The Dutch annual rate of inflation rose to 3.5% in May, up from 2.8% in April, according to a preliminary...
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Inflation
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Australia lifts minimum wage to match increases in inflation
Around 3 million lowest-paid workers will get a 4.75% pay rise, lifting pay to A$1,004.90 a week or A$26.44 an hour.
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 politician, Donald Trump exhibits a perplexing political myopia.…
Gluten-free basics ‘now a luxury’ as price of a small branded loaf nears £4
People with coeliac disease say inflation and shrinking ranges are making food staples unaffordableGluten-free versions of everyday staples such as bread and biscuits are becoming a luxury, with shoppers complaining…
Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty
Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor saysThe Bank of England is in no rush to raise interest rates while…
Javier Milei
‘Lower inflation, stronger growth’ on way, Milei tells investors
President again lashes out at opposition and media in speech to investors; La Libertad Avanza leader calls on nation to “embrace the ideas of freedom and finally bury the ideas…
US inflation rose at fastest pace in three years in April as Iran war hikes up prices
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midtermsUS inflation increased at its fastest pace in three years in April, driven…
Ministers in talks over shelving carbon tax on fertiliser to curb UK food inflation
Exclusive: Package of measures discussed with farmers, including pause on duty due to come into effect next year Ministers are in discussions about suspending a carbon tax on fertilisers, due…
Eurobonds
Trump’s bond market headache is a nightmare for Europe
If the Iran war is threatening financial pain for America, it is far worse for other advanced economies – particularly those in Europe
Business
Shares falter, oil gains as Gulf hostilities heat up
Oil prices bounce 2% and Treasury yields edge higher as a US strike on Iran added to the conflicting signals over peace talks.
Inflation
Inflation eases to 4.2% but interest rate rise still on horizon, economists warn
Inflation dipped in the year to April as the government’s fuel excise relief kicked in, but price pressures remain and experts predict RBA may still raise cash rateFollow our Australia…
Retail industry
UK consumers likely to face higher prices ‘for many months to come’
Data shows even if Iran war ends, shop price inflation on rise, while only 16% of firms left unscathed by conflictHigher prices could persist over the summer even if ceasefire…