Cost of Living Crisis: One in Seven Faced Going Hungry in Britain Following Lockdowns
One in seven adults faced food insecurity in the UK in the year leading up to the middle of 2022, the Trussell Trust found this week.
Inflation Nation
Net Zero Green Taxes to Increase Grocery Prices by £4 Billion Per Year
Net zero taxes on groceries will increase food bills for the British public by an estimated £4 billion per year, retailers have warned.
Food Prices Hit Highest Level in Nearly Half a Century Amid Double Digit Inflation
Food prices in Britain hit their highest level in 45 years amid continued double-digit inflation, while wages fell yet again in real terms.
Inflation Nation: Recession to Last for Years in the UK, Warns Goldman Sachs
The looming recession set to befall the United Kingdom by the winter will last until at least 2024, according to analysts at Goldman Sachs.
Food Inflation Hits 13-Year High in Britain, Shoppers See £380 Price Hike
Inflation for groceries rose to the highest level since the 2008 financial crisis in Britain, meaning shoppers will spend £380 more per year.
British Central Bank Admits it ‘Underestimated’ Inflation, as UK Heads Towards 11 Per Cent
The Bank of England has admitted that its inflation predictions were widely off, as the UK is bracing for 11 per cent inflation.
Cost of Living Crisis: UK Inflation Climbs to 40-Year High of 9 Per Cent
Inflation rose to the highest level in 40 years in Britain last month as the war in Ukraine fueled further increases in food and fuel prices.
High Inflation Could Last Years, Admits Former Central Bank Chief Economist
The high level of inflation may last for years in Britain, a former top economist from the Bank of England has warned.
Billionaire Supermarket Chain Owner Warns Food Prices Will Go Up ‘Tremendously’
Gristedes grocery chain owner John Catsimatidis warned that food prices will continue to soar as President Joe Biden’s administration struggles to contain rising inflation.
Inflation Nation: Businesses Say Prices Rising at ‘Unprecedented Rate’
There are signs that the economy is at risk of overheating as demand outraces supply that to Biden’s huge deficit spending bill.
Consumer Sentiment Unexpectedly Crashes on Rising Inflation Fears, Weakening Income Expectations
A jump in consumer expectations for higher inflation dragged down consumer sentiment in the first weeks of May.
Inflation Nation: Producer Prices Soar By Most on Record
Prices received by businesses for goods and services jumped 6.2 percent compared with a year ago.
