The Guardian » Inflation
0 FOLLOWERS
The Guardian offers latest US news, world news, sports, business, opinion, analysis and reviews. Subscribe to get the latest news and updates on Inflation from the Guardian, the world's leading liberal voice.
The Guardian » Inflation
1d ago
Increase from 19 to 23 cents sparks an uproar as grocery store’s fans lament ‘end of an era’
Madeline Thomas is a Trader Joe’s superfan who posts updates about the grocery chain under the handle @TraderJolene. She knows so much about the American grocery chain that she’d worked out about the plan to raise the price of bananas days before it was first reported by CNN.
“I’m deep in all of the grocery subreddits, and I could see grocery workers from Trader Joe’s talking about how everyone would freak out,” Thomas said ..read more
The Guardian » Inflation
1d ago
A San Francisco taqueria owner made waves after raising the price of a signature dish. We break down the costs – and why economists say it could be justified
Ricardo Lopez’s taqueria is famous for a melt-in-your-mouth birria recipe that takes three days to prepare. Every week, hundreds of customers flock to La Vaca Birria in San Francisco’s Mission District for a taste of the slow-braised beef served over rice and beans or tucked into a crispy taco with a side of rich dipping broth.
Lopez recently hiked the price of his signature birria burrito to $22, an eye-popping figure even in the pricey ..read more
The Guardian » Inflation
3d ago
Waitrose and Ocado win new shoppers while a quarter of households are feeling the squeeze
Business live – latest updates
Grocery price inflation in Great Britain has slowed to 4.5%, its lowest level since February 2022, but one in four households are still struggling financially, retail researchers have found.
The upmarket retailers Waitrose and Ocado were the only grocers to win new shoppers in the past three months, according to the latest monthly figures from the analysts Kantar, as growth in more expensive branded groceries outstripped supermarket own label ..read more
The Guardian » Inflation
4d ago
Prime minister has ruled out May election but households face high prices for sometime to come
There had been feverish speculation it would be this week. The drive to Buckingham Palace, police outriders and news helicopters in tow. The lectern on Downing Street. The prime minister announcing a general election.
Tuesday is the final day Rishi Sunak could dissolve parliament if he were to send voters to the polls on 2 May, one of the key dates in the 2024 election-watchers’ diaries, when local elections are also taking place. However, after the prime minister ruled out the possibility earlier th ..read more
The Guardian » Inflation
6d ago
Comments come after MPC spoke of ‘encouraging signs’ of falling inflation that could lead to cuts
Business live – latest updates
The governor of the Bank of England has said interest rate cuts will be “in play” at forthcoming policy meetings amid progress in sharply reducing the UK’s headline rate of inflation over the past year.
In a signal that Threadneedle Street is preparing the ground for a cut in borrowing costs within months, Andrew Bailey told the Financial Times: “All our meetings are in play. We take a fresh decision every time ..read more
The Guardian » Inflation
1w ago
Bank’s survey finds expectation of 4.5% base rate by end of 2024 amid ‘encouraging signs’ on inflation
Bank of England policymakers signalled at least three interest rates cuts this year after seeing “encouraging signs” of falling inflation as they kept interest rates on hold at 5.25% for a fifth time.
The financial markets expect three cuts of 0.25 percentage points this year, forecasting the first to take place in June. The Bank said its survey of financial companies found that they expected rates to fall to 4.5% before the end of 2024 ..read more
The Guardian » Inflation
1w ago
Hawkish rise 10 days before local elections is seen as a signal of independence from politics
Turkey’s central bank unexpectedly raised interest rates to 50% on Thursday, citing a deteriorating inflation outlook and pledging to tighten further if it looks like inflation is significantly and persistently worsening.
The hawkish move came 10 days before local elections and was seen by analysts as a signal that the central bank was independent from any political constraints and determined to tackle price rises ..read more
The Guardian » Inflation
1w ago
Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24
Business live – latest updates
Jeremy Hunt has been handed disappointing news from the public finances after government borrowing was higher than expected in February, leaving the national debt at the highest levels since the 1960s.
The Office for National Statistics said public sector net borrowing was £8.4bn in February, £3.4bn less than in the same month a year ago. However, it was higher than any economist expected in a Reuters poll that predicted a deficit of £6bn ..read more
The Guardian » Inflation
1w ago
Shares hit new high as chain says consumer backdrop is improving and ‘feels like it is now entering a new era’
Business live – latest updates
Next said the prices it charges customers are falling this year, as the fashion and homeware retailer reported bumper profits and said the UK consumer backdrop was improving.
Simon Wolfson, the group’s chief executive, said that it had been “a long time” since the group had started a financial year in such a positive frame of mind after the positive sales and growth results for the year to January ..read more
The Guardian » Inflation
1w ago
Rates to stay at 25-year high of 5.25% to 5.5% as central bank says ‘inflation has eased over the past year but remains elevated’
The Federal Reserve announced on Wednesday that it would leave US interest rates at a 25-year high as it continues to assess their impact on cooling inflation and the wider economy.
After a two-day meeting, the Fed announced rates would be unchanged at 5.25% to 5.5%, where they have been since July. But the Fed signaled it still expects to cut rates three times this year ..read more