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Category : Inflation
Student Allegedly Won $100k Betting on Weather with AI
An urban legend claims a Chinese student used AI to scan aviation weather data and betting sites, winning over $100,000. Experts doubt the story's authenticity due to niche betting markets.
Peace Deal May Not Cut Gas Prices for a Year
Even if a peace deal between Iran and the US is reached soon, gas prices may take up to a year to return to pre-war levels, experts caution.
Social Security Cap Proposal Could Impact 1 Million Retirees
A new proposal from a nonpartisan think tank would cap Social Security payments at $50,000 for singles and $100,000 for couples, saving up to $190 billion over 10 years.
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UK urged to cut speed limits over Iran war impact
IPPR proposes 20mph in towns and 60mph on motorways to reduce fuel demand and combat rising prices amid Iran conflict, alongside fuel duty cut and energy price cap.
Labour urged: cut fuel duty 10p, limit motorway speed to 60mph
IPPR think-tank warns Iran war could damage UK economy, proposes fuel duty cut, 60mph speed limit, and energy price cap to mitigate inflation and growth risks.
Starbucks CEO's $9 Coffee Comment Sparks Outrage
Starbucks CEO Brian Niccol calls a $9 coffee 'affordable luxury' amid cost-of-living crisis, drawing criticism for his $96m pay and private jet commute.
UK Mortgage Owners Face £280 Monthly Bill Warning
UK homeowners could see monthly mortgage payments rise by over £280 due to 'Trumpflation' from global tensions, affecting over 1.5 million borrowers.
One in 10 UK adults have no savings safety net
New research from The AA shows 10% of adults have no savings, and nearly two-fifths don't know how they'd cover a £10,000 unexpected bill.
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Mortgage Bills Could Rise by Over £3,000 a Year
Analysis warns mortgage costs could surge by over £3,000 annually in a worst-case scenario driven by the Iran conflict and 'Trumpflation' stress scenarios.
UK Borrowing Costs at 28-Year High Amid Inflation
UK 30-year gilt yields surged to 5.798%, the highest since 1998, driven by inflation fears and political uncertainty over Iran conflict.
UK borrowing costs hit highest level since 1998
UK 30-year gilt yields surged to 5.798%, the highest since 1998, driven by inflation fears from Iran conflict and political uncertainty, straining government spending.
RBA Rate Hikes: Necessary or Misguided?
As the Reserve Bank of Australia considers another rate rise, experts debate whether higher borrowing costs are needed to curb inflation or risk harming the economy.
UK Food Prices to Rise 50% Since Cost of Living Crisis
UK food prices are projected to be 50% higher by November compared to mid-2021, driven by climate change, supply chain issues, and energy costs.
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UK Food Prices to Hit 50% Rise by November, Warns Research
New research warns UK food prices are on track to be 50% higher by November compared to mid-2021, driven by climate change, supply disruptions, and volatile energy markets.
RBA Predicted to Raise Cash Rate to 4.6%
Economists expect the Reserve Bank of Australia to hike the cash rate to 4.6% on Tuesday due to persistent inflation, potentially the final increase in this cycle.
UK Mortgage Approvals Hit Four-Month High
UK mortgage approvals surged to 63,531 in March, a four-month high, as buyers sought to secure lower rates amid rising house prices and affordability pressures.
CEO Pay 20x Faster Than Worker Wages in 2025: Oxfam
Oxfam and ITUC report reveals CEO pay rose 54% from 2019 to 2025, while global worker wages fell 12% after inflation, with US inequality worse than global average.
Trump Inflation Approval So Low It 'Broke the Scale'
Pollster G. Elliott Morris says President Trump's approval rating on inflation is so low he had to redo his graph. Only 21% approve, raising concerns for Republicans in 2026 midterms.
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BoE Warns Higher Inflation from Middle East War
The Bank of England warns that the Middle East war could drive UK inflation higher, impacting interest rates and the economy. Governor Bailey cites energy and trade risks.
State Pensioners Edging Towards Tax Squeeze
State pensioners could face unexpected tax bills from April due to frozen thresholds and rising pensions. Expert tips on Pension Credit and savings.
Bank Holds Rate at 3.75% as Iran War Fuels Inflation
The Bank of England kept the base rate at 3.75% as inflation rose to 3.3% in March due to the Iran war, impacting mortgages, savings, and fuel prices.
Europe Inflation Hits 3% as Iran War Drives Oil Surge
Soaring oil prices from the Iran war pushed eurozone inflation to 3% in April, while growth slowed to 0.1%, raising stagflation fears for the ECB.
Panini 2026 Album Could Cost Collectors £1,000
The 48-team World Cup in the US, Canada, and Mexico requires 980 unique stickers, potentially costing fans around £1,000 to complete the album.
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RBA Rate Rise Won't Fix Inflation, Will Smash Homes
Greg Jericho argues that the RBA's likely rate rise won't address inflation driven by fuel costs, but will harm households already struggling.
Triple Lock Pension Rise Nears Tax Threshold, Experts Warn
The full New State Pension rises to £12,547 for 2026/27, leaving just £36 before the tax-free Personal Allowance, raising concerns over fiscal drag for pensioners.
Fuel Prices Not Falling with Wholesale Oil Costs
Drivers are still paying high fuel prices despite falling wholesale oil costs, with petrol down only 1p and diesel 2p per litre, according to the RAC.
Australia Inflation Surge Fuels Rate Hike Expectations
Australia's inflation unexpectedly rose to 3.8% in Q1, driven by fuel costs amid Iran tensions, increasing pressure on the RBA to raise interest rates.
NS&I Raises British Savings Bond Rates Across All Terms
NS&I increases rates on British Savings Bonds, with one-year at 4.50% AER. Expert calls one-year deal 'particularly strong' amid market changes.
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UK Shop Price Inflation Eases to 1% Amid Discounting
UK shop price inflation fell to 1% in April as retailers slashed prices on clothing, furniture, and food, but experts warn Middle East conflict may push costs up.
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