US Minimum Wage Rises in 22 States for 2026
Millions of US workers will see pay rises in 2026 as 22 states increase minimum wage. Experts warn inflation may offset gains. Full state list and analysis inside.
Category : Search result: inflation impact
Cranberry prices surge 25% as climate hits UK food supply
Extreme weather and fragile supply chains push up festive food costs. Experts warn of future shortages and civil unrest risk within 50 years. Read the full analysis.
US inflation rises to 2.7% in November data
US inflation climbed to 2.7% in November, lower than the 3.1% forecast. The Bureau of Labor Statistics released the data, which skipped October due to a shutdown. Read the full analysis.
UK inflation drops unexpectedly to 3.2% in November
UK inflation fell more than expected to 3.2% in November, driven by falling food prices. The surprise drop increases pressure on the Bank of England to cut interest rates. Read the full analysis.
First video of lunar impact flash captured from Ireland
An astronomer at Armagh Observatory records a rare lunar impact flash, a UK first. Discover the challenges and importance for future moon missions.
K&W Cafeteria closes all locations after 88 years
The 88-year-old K&W Cafeteria chain has shut its final restaurants, a victim of rising costs and falling sales. Discover the story behind the closure of this American institution.
Black Friday slows UK shop price rises before Christmas
UK shop price inflation eased to 0.6% in November, down from 1%, as Black Friday promotions offered relief. Food inflation also fell. Discover what it means for your Christmas shopping.
Shop price inflation slows ahead of Christmas
Good news for UK shoppers as shop price inflation eased to 0.6% in November, with food inflation slowing to 3%. Retailers hope for a confidence boost in the crucial festive period. Discover the latest trends.
Australian inflation surges to 3.8% in October
Australia experiences unexpected inflation surge of 3.8% in October, surpassing financial market predictions and raising cost of living concerns. Analysis of economic impact.
Target profits tumble 19% amid sales slump
Target reports 12th straight quarter of falling sales as inflation pressures shoppers. New CEO faces challenge turning around retailer's fortunes. Read the latest analysis.
UK inflation falls to four-month low of 3.6%
UK inflation fell to 3.6% in October, a four-month low, as energy price hikes slowed. Food costs, however, rose sharply. Read the full analysis ahead of the Budget.
UK inflation drops to 3.6% in October
UK inflation fell to 3.6% in October, a pre-Budget boost for households and Chancellor Rachel Reeves. Food prices are finally dropping. Discover what this means for you.
Trump touts 'golden age' for US economy at summit
Donald Trump declared a US 'golden age' with falling prices at the McDonald's Impact Summit. He pledged to boost family wealth and addressed Epstein files. Read the latest.
Historic Ginger's Gay Bar Closes in San Francisco
Ginger's, a 47-year-old LGBTQ+ landmark in San Francisco, shuts down due to inflation and shifting work patterns. Discover the wider impact on US bars and breweries.
Bank of England Summer Rate Cut Predicted by Goldman Sachs
The Bank of England's Monetary Policy Committee could implement interest rate cuts as early as June, with Goldman Sachs forecasting significant easing as UK inflation shows sustained improvement.
RBA Holds Rates as Inflation Surprise Rattles Economy
The Reserve Bank of Australia maintains current interest rates despite unexpected inflation data, signalling cautious optimism amid economic uncertainty. Analysis of what this means for mortgages and the broader economy.
UK Food Price Shock: Supermarket Bills Soar
British households are confronting unprecedented food price increases as new data reveals shocking rises in everyday essentials. Discover which items have seen the biggest jumps and why experts warn the crisis is far from over.
UK inflation holds at 6.7% as prices remain stubborn
September's inflation rate holds at 6.7% despite predictions of a fall, as rising petrol costs and persistent food prices squeeze British households.
UK Inflation Plummets to 2% Target
In a dramatic economic turnaround, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years, sparking speculation about imminent interest rate cuts and relief for households.
UK inflation falls to 2% target
Inflation has hit the Bank of England's 2% target for the first time in nearly three years, putting pressure on policymakers ahead of Thursday's crucial interest rate announcement.
Brexit Has Weakened UK Economy, Says Bailey
Andrew Bailey reveals Britain's economy has been 'weakened' by Brexit, with persistent inflation and reduced competitiveness creating long-term challenges for growth and stability.
Weekly food shop prices hit record high in UK
British households face unprecedented pressure as grocery prices surge 15.7% annually, with essentials like milk, butter and cheese seeing the sharpest increases. New data reveals the ongoing cost-of-living crisis is far from over.
UK Has Worst Inflation Among Advanced Economies
Exclusive analysis reveals Britain is suffering the worst inflation among world's wealthiest nations, with families facing unprecedented cost of living pressures as prices continue to soar.
UK Supermarket Price Shock: How Shoppers Are Coping
Exclusive investigation reveals the true impact of Britain's cost of living crisis as supermarket prices continue to climb, forcing families to make difficult choices.
Tesco sales jump as grocery inflation persists
Britain's largest supermarket Tesco reports strong sales growth as consumers flock to value ranges, while Asda sees inflation ease but food prices remain high across UK supermarkets.
Bank of England failing on food inflation - ex-official
Exclusive: Former Bank of England policymaker reveals institution is 'failing to grasp' the severity of food price inflation, drawing parallels to Alan Greenspan's historic errors in monetary policy.
Five Years of Harvest Wipes Out UK's Annual Bread Supply
Shocking new analysis reveals extreme weather since 2020 has destroyed enough UK wheat to bake 12 billion loaves of bread - equivalent to the nation's entire annual consumption.
Ancient Space Impact Evidence Found in Greenland Ice
Groundbreaking research reveals compelling new evidence that a massive asteroid or comet impact may have destabilised Greenland's ice sheet at the end of the last ice age, challenging long-held climate theories.
Greggs & Pret Prices Soar Amid UK Food Inflation
New data reveals sharp price increases for UK lunchtime staples. Greggs sausage rolls and Pret's meal deals hit record highs as retailers grapple with persistent inflation pressures.
Bank of England holds interest rates at 5.25%
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Governor Andrew Bailey warns of persistent inflationary pressures despite economic slowdown.
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