Inflation

INFLATION - LATEST NEWS, BREAKING STORIES AND COMMENT

Australia's most powerful banker Reserve Bank Governor Michele Bullock has been trying to scare you - but Westpac's chief economist Luci Ellis claims it's all bluff

12/07/24 05:34

A former high-ranking official with the Reserve Bank says Governor Michele Bullock has been trying to scare Australians when it comes to inflation and the prospect of another interest rate hike....read

Furious Aussie woman says what many are thinking about the cost of living crisis - and shares alarming inflation theory

03/07/24 23:01

An Australian woman is not happy about the rising cost of living - and has finally said what many are thinking.

Worrying AMP graph that proves interest rates could still rise as prices soar across the board - amid fears Anthony Albanese's tax cuts will stoke inflation even more

27/06/24 04:09

A new graph shows inflation is a homegrown problem with prices surging for essential services. Meanwhile, fears grow that Labor's tax three cuts will add to Australia's price woes.

RBA boss Michelle Bullock reveals what will spark another rate hike - as she makes a heartbreaking admission

05/06/24 03:27

The Reserve Bank's governor says letters from struggling borrowers make for tough reading, but push the central bank to achieve its goals to help Australians.

Interest rate warning for mortgage holders after inflation rises in Australia

30/05/24 01:35

Mortgage holders could need to wait another year for much-needed interest rate relief - with investors pushing back predictions of the RBA's first interest rate cut.

Inflation rises in Australia again - prompting fears of another hike for mortgage holders

29/05/24 02:47

Inflation has come in above expectations and lifted 3.6 per cent in the 12 months to April. The monthly consumer price index rose a touch from 3.5 per cent...

Democrats 'freaking out' over Joe Biden's chances in 2024 election against Trump: Inside the full-blown panic from the president's party

28/05/24 16:15

Democrats are having a 'freakout' that Joe Biden may lose the election to Donald Trump, worried about polls show show him trailing in key states.

State pension 'will never be taxed under the Tories': Rishi Sunak moves to shore up support among older generation with 'Triple Lock Plus' vowing personal allowance will rise at same rate in £100-a-year boost - as Labour admits it WON'T match pledge

28/05/24 08:01

Under the 'Triple Lock Plus' Rishi Sunak is vowing to keep the policy that hikes payouts by whichever is highest out of inflation, average wage growth or 2.5 per cent.

Jacinta Price's brutal message to Anthony Albanese as she exposes the three things she thinks he has got wrong: 'This is nation destroying stuff'

28/05/24 07:31

Jacinta Nampijinpa Price has issued a brutal message exposing the things she believes Prime Minister Anthony Albanese has failed to achieve while running the country.

Rishi Sunak pledges 'Triple Lock Plus' to cut tax for pensioners and bring people 'peace of mind and security in retirement' with £100 extra a year

27/05/24 23:56

In a bid to secure the 'grey vote', Prime Minister Rishi Sunak promised to increase the personal allowance threshold for those aged over 66.

The death of the dollar store: 99 Cents Only and Family Dollar to shutter hundreds of stores in 'retail apocalypse'

26/05/24 21:48

As two massive dollar store chains close entirely or shutter a massive number of locations, experts are asking whether the discount retail store even works as a business model anymore.

Memorial Day cookouts are hit by sticker shock as inflation makes family holiday more expensive than ever

26/05/24 20:13

The new numbers from Virginia-based Datasembly shows inflation's affect on the holiday, which commonly consists of cookouts outdoors.

Now the election battle REALLY begins! Rishi's bombshell plan to bring back National Service triggers nationwide debate as supporters say it will get teens 'out their bubble' while Farage brands it a 'joke'

26/05/24 08:58

Under plans that will be in the Conservative manifesto all 18-year-olds would have to do paid military service for a year or unpaid community work one weekend a month.

Top CEO Matt Barrie exposes the huge problem with Australia that's the 'root of all evil' - and why many young Aussies may have the same grim vision of their future

26/05/24 06:25

It's a thought many younger Australians have had - and it makes them feel wracked with guilt and shame - yet it seems to be becoming commonplace.

Prime Minister reveals radical plan to force 18-year-olds to serve in the military for 12 months - or give up weekends to carry out civil duties

25/05/24 21:59

According to plans unveiled by Rishi Sunak, school-leavers would be obliged to spend a year in a full-time Armed Forces role or volunteering with organisations such as the police or NHS.

As Prime Minister announces radical new National Service plan... RISHI SUNAK says he would be very happy to see his own two daughters do their National Service

25/05/24 21:58

RISHI SUNAK: Do you want to build on what we have done together and create a secure future with the Conservatives, or risk going back to square one with Labour?

Biden's 'brainless 26-year-old socialist' advisers are 'ticking off' enough voters about student loan forgiveness to hand Trump the presidency, predicts GOP Gov. Chris Sununu

25/05/24 13:33

Republican Gov. Chris Sununu is predicting that President Joe Biden's $167 billion student loan forgiveness plan is actually going to come back and bite him in the election.

The cost of drinking crisis: How to tell if you're being shortchanged on your pint or glass of wine as drinkers slam big booze 'rip off' after study found two-thirds of orders are underpoured

24/05/24 17:21

Punters are reportedly being ripped off to the tune of £114 a year because beer glasses aren't filled to the top, a survey by watchdogs has found.

Energy bills to drop by £122 a year from July 1 as Rishi Sunak seeks to put gas and electricity prices at heart of election - use this interactive module to see how new price cap will affect YOU

24/05/24 07:07

Ofgem's energy price cap will fall by 7 per cent from £1,690 to £1,568 from July 1 for a typical dual fuel household in England, Scotland and Wales, the regulator announced today.

RISHI SUNAK: This election is about who you TRUST to deliver for our United Kingdom

23/05/24 23:28

We have delivered for Scotland, the SNP has failed. But now the UK's economy has stabilised, it's right to give you this choice: who will best lead this country to a secure future?

CLAIRE COUTINHO: Why there are brighter days ahead for the economy

23/05/24 22:54

Inflation back down to normal. The fastest economic growth for two years. Energy price cap down 60 per cent since its peak.

Confused on how to vote at the general election? Here is where the main parties stand on key issues - including immigration, trans ideology, the NHS, tax and education

23/05/24 14:18

Although the UK's main parties are yet to unveil their manifestos ahead of polling day, they have been election planning for months and already outlined key policies.

Captivating racing chart shows how Labour has stormed to a 25 POINT lead in polls ahead of July 4 election - enough for a bigger landslide than Tony Blair's in 1997

23/05/24 10:33

Support for the Tories has more than halved since the earliest days of Covid, data shows. Meanwhile Reform UK has capitalized on the Conservative decline.

D:Ream's hit 'Things Can Only Get Better' races up iTunes chart to number 6 after 'Stop Brexit Man' Steve Bray blared out Labour's 1997 campaign anthem during Rishi's election announcement

23/05/24 10:05

The tune has been steadily climbing the charts since last night, initially entering at number nine not long after the snap election was announced.

Hours before calling the snap election, Rishi Sunak hailed inflation falling sharply as the economy turning the corner - but it is unlikely interest rates will be cut next month

23/05/24 00:01

Rishi Sunak seized on inflation figures as evidence that the economy has turned a corner under the Tories.

Rishi Sunak INSISTED on braving the rain: The inside story of how the PM's seemingly snap decision was secretly months in planning

22/05/24 23:00

Moments after he arrived at the lectern in Downing Street to announce a snap election on July 4, the heavens opened.

'Who do you trust?' Rishi Sunak launches Tory election campaign with attack on Labour's economic credentials hours after unveiling July 4 vote in a rainswept Downing Street despite some backbenchers saying early poll date is a 'death wish'

22/05/24 20:35

The Prime Minister hauled his Cabinet to east London for a rally with party loyalists where he launched an attack on Sir Keir Starmer's record, asking: 'Who do you trust?'

Labour and the Tories gear up for a brutal fight over taxes and the economy, Rwanda and migrants, union powers and the war in Gaza as Rishi Sunak announces the general election will be on July 4

22/05/24 19:54

A rain-sodden Rishi Sunak announced the date of the vote as July 4 in a surprise address from Downing Street this afternoon.

When is the next general election? All your questions answered as Rishi Sunak calls a snap vote within weeks in the biggest gamble of his political career

22/05/24 18:01

Mr Sunak had been very cagey about when exactly the election happens, despite excitement growing as the available window of time continues to inexorably narrow.

Social media users poke fun at Rishi Sunak as PM is drenched in the rain while announcing July 4 election

22/05/24 17:55

The premier was drowned out by protesters blasting New Labour 's anthem 'Things Can Only Get Better' as he stood behind the lectern outside 10 Downing Street.

Steve Bray strikes again! Protesters blare Labour's 1997 theme song 'Things Can Only Get Better' by D:Ream over megaphone as Rishi Sunak announces July 4 snap election

22/05/24 17:22

Protesters blared Labour's 1997 theme song 'Things Can Only Get Better' by D:Ream over megaphone as Rishi Sunak announced July 4 snap election today.

Rishi Sunak calls general election for JULY 4: Drenched (and drowned out) PM announces snap summer contest - but podium moment is sabotaged by rain, protesters playing Labour's 1997 landslide election anthem and Tories warning he has 'death wish'

22/05/24 17:17

Rishi Sunak is taking a massive gamble by announcing a July 4 date , despite Labour being miles ahead in the polls.

'If Rishi doesn't call it, Larry the cat will': Brits react to July 4 snap election with hilarious memes - but summer plans are thrown into chaos and the Euros, weddings, BBQs, christenings and garden parties in doubt

22/05/24 16:41

Summer plans have been thrown into disarray after Rishi Sunak is set to call a snap election for July 4.

Rishi Sunak 'will call general election for July 4' at 5pm: PM poised to take huge gamble on Summer contest after summoning ministers back from trips for urgent Cabinet meeting - despite Tories warning he has 'death wish'

22/05/24 16:27

Rishi Sunak has gathered his Cabinet with Westminster insiders saying he has decided to drop the bombshell , despite Labour being miles ahead in the polls.

Rishi Sunak accused of 'condemning the Tory party to oblivion' as PM gathers unenthusiastic Cabinet at election campaign launch amid backbench fury over 'death wish' decision to hold vote in July while Labour holds massive poll lead

22/05/24 15:26

After an extraordinary day of rumours, the usually cautious premier stepped into the pouring rain in Downing Street and took a massive gamble by announcing a summer contest.

Rishi Sunak 'will call a General Election TONIGHT': PM poised to take huge gamble on July 4 contest after summoning ministers back from trips for Cabinet - despite Tories warning he has 'death wish'

22/05/24 15:03

Anticipation is building that Rishi Sunak could spring a bold surprise tonight, despite Labour being miles ahead in the polls.

How house prices have changed in YOUR area: Interactive calculator reveals where property prices have risen and fallen most in the past year

22/05/24 13:52

A new online calculator can help estimate how your home's value has changed over the last year, after data signalled potential green shoots in the UK's property market.

Election fever grips Westminster: Rishi Sunak 'could pull the trigger on July 4 contest TONIGHT' as ministers cut short trips for Cabinet meeting and Chancellor cancels TV appearance - but panicking Tories warn he has a 'death wish' and threaten revolt

22/05/24 12:32

Rishi Sunak stuck to his formulation that the ballot will happen in the 'second half of the year' as he was grilled at PMQs.

A chat with the King and a statement to the nation in Downing Street... before six weeks of campaigning: How Rishi Sunak called an election TONIGHT to launch brutal fight for power

22/05/24 11:59

Mr Sunak has been very cagey about when exactly the election happens, despite excitement growing as the available window of time continues to inexorably narrow.

'It's almost like you're not actually listening': Jeremy Hunt blasts BBC's Emma Barnett in fiery interview about the economy as presenter asks if millionaire Chancellor feels personally 'wealthier' after inflation falls to three-year low

22/05/24 10:38

The Chancellor toured studios today after inflation fell to 2.3 per cent, its lowest rate in three years, in a bid to harness the news to Tory election hopes.

'Rishi's got a death wish!' Tories threaten revolt if Sunak tries to call snap election TODAY as rumours swirl he will seize on drop in inflation and pull the trigger despite Labour's huge poll lead

22/05/24 10:13

A ballot has been widely seen as likely to happen towards the end of the year, with the government hoping the economy will turn round.

Inflation tumbles to 2.3% as Rishi Sunak hails 'milestone' in cost-of-living battle… but doubt cast on rapid BoE interest rate cuts after fall is smaller than hoped - and high government borrowing hits PM's push for more tax cuts

22/05/24 07:18

The headline CPI rate slid from 3.2 per cent in March to 2.3 per cent last month - near the Bank of England 's 2 per cent target.

America's housing crisis rattles families in historic suburb as property prices hit 'sobering' level... and here is why it is only going to get worse

22/05/24 04:22

The median sale price for a single-family home reached a record $950,000 in Greater Boston last month and local realtors have said it is likely to reach seven figures this summer

PETER VAN ONSELEN: Why Jim Chalmers' $300 energy rebate is WAY worse than you think

22/05/24 04:21

Treasurer Jim Chalmers has been copping it from all sides for his $300 energy rebate, as he should.

Grim warning from real estate guru Tom Panos on Mark Bouris' podcast that you need to be an OnlyFans star or have rich parents to be able to buy a home in Sydney

22/05/24 01:19

Sydney property has now become so expensive that a real estate expert warns there are only two ways for young people to buy a home - have rich parents or be an OnlyFans star.

Anthony Albanese answers the election question on everyone's mind - as his insane spending on advertising emerges

21/05/24 23:32

Anthony Albanese has dismissed speculation he will call an early election as his government is accused of going on a 'multimillion spending spree' on advertising.

Rishi Sunak hails Britian's economic recovery, saying the 'shocks of the past are squarely in the rear view mirror' - as inflation is expected to drop further

21/05/24 22:01

With economic figures tomorrow expected to show a further fall in inflation, Rishi Sunak said that with 'every week' families would start to feel the benefits of a growing economy.

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy

21/05/24 11:20

The IMF said Britain is on track for a 'soft landing', with GDP predicted to rise 0.7 per cent this year as inflation eases.

Ryanair boss Michael O'Leary suggests passengers can't afford higher fares due to interest rate hikes and a 'recessionary feel' around Europe - as airline says ticket prices will remain flat this summer

21/05/24 10:37

Irish budget airline Ryanair blamed higher interest rates and low consumer confidence after finding demand was not as intense as anticipated in April, May and June.

The sad reality of the cost of living crisis in Australia: Millions are forced to make one major change to their lives

21/05/24 04:28

The soaring cost of living is leading to more Australians to make a major change to the way they live.

Why Aussies are about to be slugged with higher rents - after annoying tax was increased by more than 250 per cent

21/05/24 02:41

Landlords in one Australian state are being forced to either sell their properties or hike up rent after land tax skyrocketed - with one facing a 258 per cent increase to their bill.

Cruise ship offers retirees a lifetime ticket for flat fee to travel the world - while helping them beat 'inflation'

20/05/24 21:57

Villa Vie Residences has launched their Endless Horizons program, which allows passengers to set sail on the Villa Vie Odyssey ship and take off on a seven continent adventure on May 30.

The state where grocery prices are rising so quickly that dejected locals admit buying meat is a 'luxury' they can no longer afford

20/05/24 16:47

Disproportionately high inflation in this state and city has meant residents can no longer afford to buy their usual products and are cutting back on 'luxuries' like meat and cookies.

BoE chief fuels hopes interest rates WILL be cut this summer as ministers brace for crucial inflation figures that should show CPI dropping close to 2% target

20/05/24 14:11

Deputy governor Ben Broadbent, who voted to hold rates earlier this month, said it is 'possible' borrowing costs will come down this summer.

Target starts price war with Walmart by slashing the cost of 5,000 popular items

20/05/24 13:23

Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday.

We can't afford to be open - but we can't afford to close: America's restaurant industry in turmoil

19/05/24 18:19

The once vibrant restaurant scene in major California cities is facing rising costs, changing customer habits, and new regulations, threatening the survival of many beloved establishments.

Warning for US homeowners over common insect as peak season approaches - here's how to keep your house safe

19/05/24 16:41

As the weather gets warmer, experts are warning homeowners to be on their guard against a common insect that wreak havoc on properties across the nation.

Rise of the fast food £5 meal deal: Health experts warn against takeaway grub becoming 'workplace appropriate' thanks to KFC's £5 offer and Domino's £4 deal

19/05/24 15:03

fast food chains have stormed the lunch scene by offering meals with price tags that are usually much cheaper than from supermarkets on the highstreet.

Revealed: The stealth £11,000 council tax rise as 'Britain's worst designed tax' has outstripped inflation by 50% - interactive map shows how much extra YOU have paid in the last 25 years

19/05/24 13:07

Experts have called for a 'complete overhaul' of council tax as MailOnline can today reveal that 25 years of stealth tax rises have cost the average Briton nearly £11,000.

Why the Barefoot Investor Scott Pape says now is the time to 'panic' if you have a mortgage

19/05/24 02:59

Scott Pape sounded the alarm blaming the Budget for the grim advice he had been forced to deliver to millions of homeowners.

The one American city that's almost beaten the war on inflation - and why prices are rising far slower here than any other area across the country

18/05/24 20:31

One major city has emerged as stand out winner in the war on inflation - with prices rising at 2.6 percent compared to 3.4 percent nationally.

Labour's '£2,000 tax bomb for families': Jeremy Hunt warns every household will suffer to fill huge black hole in Keir Starmer's spending plans - as Chancellor says he wants to slash burden for Brits again in Autumn, in more hints at November election

17/05/24 09:31

In a speech, Jeremy Hunt hailed the upturn in the economy and said he was keen to 'go further' on trimming national insurance if it was possible to do so responsibly.

Relief for mortgage-payers as big banks start to cut mortgage prices - while bullish Jeremy Hunt urges Brits to vote Tory for tax cuts, warning Labour will hike burden immediately

17/05/24 08:23

HSBC, Barclays and TSB have all declared they are trimming the cost of home loans, amid growing optimism that the Bank of England will start lowering the base rate soon.

Universities on the brink of collapse amid funding crisis with some forced to make cuts to avoid being shut down

17/05/24 00:56

The Office for Students' annual report said the sector was over-reliant on cash from foreign students and many will need to make 'significant changes' to avoid closure.

Cardi B says she won't vote for Biden or Trump after 'layers and layers of disappointment' and says: Americans have been betrayed

16/05/24 20:56

Rapper Cardi B has long been politically engaged but has now revealed she does not plan to support Trump or Biden in November's election.

The real cost of your night out: From a £4.60 Diet Coke to £8.80-a-pint and £24.50 for a burger and chips - interactive map reveals how much £50 really gets you in pubs and bars around Britain

16/05/24 14:08

EXCLUSIVE: To gauge how expensive the average trip to a UK pub has become in 2024, MailOnline visited a collection of venues across the country to see how far £50 would go.

PETER VAN ONSELEN: Peter Dutton had one clear message for Labor in his Budget reply speech. If interest rates or inflation go up, it's all your fault

16/05/24 11:06

Peter Dutton 's Budget reply says what economists up and down the country have been saying ever since Jim Chalmers sat down after delivering his own speech.

Enter Keir, the patriot! Starmer bursts out of a Union Jack in bizarre video released as Labour leader - complete with 'everyman' rolled-up sleeves - lays out his 'six-pledge plan' to 'put country back in hands of working people'

16/05/24 10:52

Keir Starmer said the six commitments laid out his 'ambitions' if he wins power - saying he was ready to run the country for 'working people'.

The Starmer Stone! Keir apes Blair - and risks comparisons with Miliband's notorious granite slab - as he unveils six key promises on Labour election 'pledge card' (remembering to include Channel boats this time)

16/05/24 08:49

Keir Starmer will ape Tony Blair's tactics with six commitments, and has added 'smashing the criminal boat gangs' after a backlash.

Keir Starmer pledges to 'smash the criminal boat gangs' as Labour leader sets out party's 'first steps' for government in latest pre-election campaign

16/05/24 01:44

Labour's immigration pledge does not mention scrapping the Rwanda scheme, but instead focusses on Sir Keir's plan to establish a new 'Border Security Command' to tackle smuggling gangs.

Selfish tourist topples historic 113 year-old Death Valley tram tower after tying winch to it when their car got stuck in mud

15/05/24 16:37

An unknown driver knocked over a historic tram tower in Death Valley, California. Officials believe they used a winch to pull their vehicle out of mud, using the tower as an 'anchor.'

Federal Budget 2024: The ticking time bombs in the Budget Anthony Albanese doesn't want to talk about

15/05/24 08:45

A $300 electricity rebate for everyone, expiring in June next year, has been designed to help Labor meet an election promise to reduce power bills by $275 by 2025. Here's why it's a ticking time bomb.

Jeremy Hunt tells unemployed Brits there is 'ample opportunity' to find jobs with 900,000 vacancies unfilled - as government targets benefits claimants and 'sicknote' culture

15/05/24 08:28

Jeremy Hunt and Work and Pensions Secretary Mel Stride acknowledged times have 'been tough over the last few years', with the impact of Covid and the Ukraine war.

Federal Budget 2024: The embarrassing question about the multi-millionaire Labor MP and the $300 energy bill rebate that the PM refuses to answer

15/05/24 07:43

First-term Parramatta MP Andrew Charlton faced intense scrutiny after snapping up a $12million oceanside mansion named 'La Palma' back in March.

Why Albanese government's latest budget could fuel inflation as Aussies get a cash boost

15/05/24 05:24

While the federal government says its budget will lower inflation, analysts counter that broad cost-of-living relief, such as energy rebates and tax cuts, could make things worse.

Federal Budget 2024: It has been branded a cynical cash-splash to buy votes - and the morning after the night before, the PM dodged all questions about when Aussies will head to the polls

15/05/24 05:12

The PM must hold a vote by May 2025, but with the economic forecast expected to take a turn, experts suggest the election could be held late this year while Budget sweeteners are still fresh.

Federal Budget 2024: Anthony Albanese defends $300 energy bonus for millions of Australians over fears the cash splash could ruin our economy

15/05/24 00:05

Anthony Albanese has leapt to the defence of his government's $300 energy rebate after experts warned the 'irresponsible' measure could aggravate soaring inflation.