Inflation in the United States remains high at an 8.5 percent annual rate, according to the last such report that Americans will see before they vote on Nov. 8, and congressional Republicans appear set to remind them of it every day between now and Election Day. But even as GOP lawmakers issued a blizzard of…
GOP Lawmakers Hammer Biden on Latest Inflation Report; Democrats Want to Change Subject
October 13, 2022
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Petrol Prices Already Tracking Upwards
Petrol prices lifted by almost 10 Australian cents (US 6.5 cents) a litre last week, with the national average unleaded sitting at $1.83 a litre. The rise coincides with the return of the full fuel excise tax on Wednesday, although petrol prices weren’t meant to surge immediately. Treasurer Jim Chalmers said it would take several…
UK Manufacturing Downturn Continues as New Orders Dwindle Amid Market Uncertainty
The UK’s manufacturing sector has been tipped into a third monthly contraction as new order intakes decline, an influential survey has found. The S&P Global/CIPS UK Manufacturing PMI scored 48.4 in September, a slight recovery from 47.3 in August, a 27-month low. Anything below 50 is considered to show that the sector is shrinking. Although…
Freeland Says Conservatives Are ‘Huffing and Puffing’ on Affordability Issue
Conservatives have maintained the pressure on the Liberals over the cost of living this week, tabling two motions calling for cancelling tax increases, but Deputy Prime Minister Chrystia Freeland said they’re merely “huffing and puffing” as they’ve said they’ll support the government’s proposed GST rebate. “When you look past all the huffing and puffing, all…
Families to Experience More Financial Stress: Minister
The Australian assistant treasurer has flagged further stress for household budgets following a spike in U.S. interest rates. The U.S. Federal Reserve announced a 0.75 percentage point increase in official rates to a target range of three to 3.25 per cent, the highest levels in almost 15 years. It comes off the back of higher-than-anticipated…
Biden and the Big Government Socialists’ Cost-of-Living Crisis
Commentary The scale of the Joe Biden-Big Government Socialists’ disaster is becoming more obvious. Scott Rasmussen has reported that 88 percent of Americans agree we are in a cost-of-living crisis. In fact 66 percent—two of every three people—said it is a serious crisis. On Tuesday, economist Steve Moore, in his invaluable Unleash Prosperity Hotline, reported…
UK Consumer Confidence Plummets Amid Soaring Cost of Living
Confidence among UK consumers has declined sharply as British households come under increasing pressure amid the cost-of-living crisis, a new survey has revealed. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (CEBR) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages…
Liberal Cabinet Retreat Focusing on Cost-of-Living and Inflation Issues, Says Minister Leblanc
The Liberal cabinet is holding a retreat this week in Vancouver ahead of the fall parliamentary session and Minister of Intergovernmental Affairs Dominic Leblanc said on Sept. 6 that the focus will be the economy. “We’ve obviously heard in every part of the country the importance of working on economic measures that speak to affordability…
Trudeau Says Government Must Be ‘Careful’ Not to Accelerate Inflation
Prime Minister Justin Trudeau said today the federal government must be “careful” moving forward not to implement programs and policies that will accelerate already-spiking inflation rates. At a press conference in Ottawa, Trudeau said the government would “do what is necessary to support vulnerable Canadians as we move forward, taking into account inflation.” “But also…
Inflation Top Concern for Canadians: Survey
Inflation is now the number one concern for Canadians, surpassing that of the COVID-19 pandemic, crime, and terrorism, according to a survey conducted by the finance department. “The main economic issue of concern was clearly inflation and prices,” according to the report, titled “Research on the State of the Economy,” obtained by Blacklock’s Reporter. “Participants…
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