Tag: prices

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UK inflation: what it means for house prices, savings and pay rises

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There is no escaping inflation: whether it’s energy, food, transport or entertainment you are paying for, prices are going up – and at pace. Once again this week’s headlines have been dominated by the latest figures –...

‘It’s ridiculous’: shock as some UK grocery prices rise by more than 20%

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At Sainsbury’s in Whitechapel, east London, the rising cost of food has forced Petra Emmanuel to change her shopping habits. “Coupled with my utilities bill, it’s ridiculous,” the 51-year-old teacher said. “Even thoug...

Egg prices could rise for UK consumers as farmers cut flock numbers

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Consumers could be hit with higher egg prices as UK farmers reduce their flock numbers, in response to escalating costs and insufficient profit margins. The numbers of chicks being placed by egg producers in April was...

Want to know why food prices won’t go down any time soon? Ask a farmer

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If only the Ukraine war came to an end. If only energy prices dropped. If only Covid’s long tail finally dwindled away. Then, at last, food price inflation would be vanquished. It’s certainly true that if and when the...

New Zealand banks predict 20% drop in house prices over next year

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New Zealand’s house prices are on track to drop by up to 20% in the next year – the biggest drop since the 1970s – two of the biggest banks have predicted, which would take prices back to where they were just over a y...

Tesco criticised as chief pockets £4.75m amid soaring prices

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Tesco has been criticised for paying its chief executive £4.75m last year, including the highest annual bonus awarded by the supermarket since 2016, as families struggle with rising food costs. Ken Murphy’s package in...

UK house prices rise but cost of living crisis will cool market, says Halifax

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UK house prices rose again in April, extending the longest run of monthly increases in six years, according to Halifax, but the lender said rising interest rates and squeezed household budgets would cool the market ov...

Inflation bites hardest in developing world as Ukraine war raises prices

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Prices were rising before Russia’s invasion of Ukraine, which has further disrupted energy markets and food exports, forcing developing countries to pay more to import staples at a time when they are already strugglin...

Australia’s wholesale power prices double in a year as coal-fired power plants falter

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Wholesale power prices in Australia’s main electricity market continued to rise in the first three months of 2022, more than doubling the cost a year earlier, with the increase blamed mostly on more costly fossil fuel...

Why are gas prices so high? These obscure traders are partly to blame

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Gasoline prices at the pump have surged, reaching a US national average of $4.34 on 21 March, and remain more than 70% greater than at this time last year. At the same time, global supplies of oil have actually increa...

Australia faces prospect of pre-election rate rise as inflation and consumer prices soar

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Australia faces the prospect of a pre-election rate rise by the Reserve Bank after underlying inflation pace soared to its highest in 13 years while the broader consumer price measure increased at the quickest pace si...

Tesco to ration cooking oil purchases as war in Ukraine hits food prices

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Tesco has become the latest supermarket to ration cooking oil as the Russia-Ukraine war chokes off the flow of sunflower oil to the UK food industry, further raising the cost of popular items such as crisps and chips....

Shelf shock: soaring supermarket prices shoppers find hard to swallow

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Inflation is rampant, and supermarket prices are no exception. Shoppers are returning to stores to find old favourites have leapt in price from one week to the next. The cost of consumer goods is spiralling at such a ...

Turkey’s war with inflation: ‘Prices change daily and everyone is scared’

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From behind the counter in a bakery in Kasımpaşa, a working-class Istanbul neighbourhood, Mustafa Kafadar can see the orange, white and blue banners of Recep Tayyip Erdoğan’s Justice and Development party (AKP) as the...

UK organic dairy farmers fear for futures as food prices soar

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Organic dairy, for so long the sector’s success story, is facing a crisis of confidence, with fears about whether people will keep buying organic milk, butter and cheese as food prices soar. Some UK organic farmers a...

Spiraling housing prices are an ‘intergenerational injustice’, says Canada’s deputy PM

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Canada’s finance minister has described the country’s out-of-control housing prices as an “intergenerational injustice”, as political leaders struggle to rein in a spiralling affordability crisis. Chrystia Freeland, w...

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