Inflation/Price level

US Fed says Iran war driving ‘moderate-to-strong’ inflation

The US Fed said energy costs linked to the Middle East conflict continue to fuel inflation, pushing up prices across shipping, packaging, groceries, and fertilisers.

OECD cuts 2026 global growth forecasts over Iran war fallout

Many countries would risk falling into recession if the war continues into 2027, the OECD said.

Japan approves $24.8 billion extra budget to subsidise surging fuel costs from Iran war

Prime Minister Sanae Takaichi’s government has finalised the extra budget to cushion the impact of rising energy costs on households amid the risk of a prolonged Middle East crisis.

Danish PM unveils plans for welfare push, defiance of Trump

FILE PHOTO: Denmark's acting Prime Minister Mette Frederiksen speaks to the media near the royal yacht Dannebrog, docked at Odense Harbor, Denmark, June 1, 2026. Sebastian Elias Uth/Ritzau Scanpix/via REUTERS

Australia lifts minimum wage to match increases in inflation

The decision affects around 3 million workers and is in line with an expected rise in inflation projected by the central bank.

Iran eyes limited US deal to relieve economic strain and buy time

Iranian officials see a narrow deal as a way to buy time, unlock financial relief and contain domestic risks without addressing the most contentious issues.

Stocks are not effective inflation hedge

The erroneous argument that stocks keep track with high inflation rests on the assumption their earnings do so too.

ECB chief economist sees persistent impact on inflation from Iran war

While oil prices historically tended to revert to original levels after a burst of increases, energy costs may stay elevated with countries restocking inventory or diversifying their energy mix.

Singapore core inflation sees surprise drop in April but higher costs loom

While core inflation eased, private transport inflation jumped 8.1 per cent in April due to larger increases in petrol and car prices.

61% of Americans said they had to cut back on groceries

More than three quarters of Americans in a CNN poll said US President Donald Trump’s policies had increased the cost of living in their community.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.