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Pakistan raises petrol, diesel prices by over Rs13
The Pakistani government has raised the prices of petrol and high-speed diesel by more than 13 rupees per litre, effective July 11, 2026. The increase pushes the price of petrol to 310.
Inflation & Cost of Living
Latest verified news about Inflation & Cost of Living on Verilumia. Fact-checked and bias-analyzed Inflation & Cost of Living stories from multiple sources.
- Pakistan raises petrol, diesel prices by over Rs13
- Japan June producer prices rise 7.1% fastest since 2023
- USPS raises first-class Forever stamp to 82 cents July 12
- Fed minutes note AI demand boosting inflation, rates steady
- Fed minutes reveal split debate on rates under new chair
- Fed Governor Waller urges limited use of forward guidance
- New Zealand central bank gives first rate hike to 2.5%
- UK house prices up 0.2% in June, first gain since February
- Walmart to lower ground beef prices after Trump request
- BC tunnel replacement cost rises to $8.5 B, Sep 2031
- US Services PMI Falls to 54 in June, Hiring Improves
- ECB weighs doubling banks' reserve requirement to 2%
Japan June producer prices rise 7.1% fastest since 2023
Japan's producer prices accelerated in June to their fastest annual pace since early 2023, reinforcing inflationary pressures that are strengthening the case for further interest rate hikes by the Bank of Japan.
USPS raises first-class Forever stamp to 82 cents July 12
The price of mailing a letter will increase this weekend as the United States Postal Service implements a new round of postage rate hikes approved by federal regulators.
Fed minutes note AI demand boosting inflation, rates steady
Federal Reserve officials were divided last month over whether to raise interest rates, with many citing accelerating demand for artificial intelligence infrastructure as a factor likely to sustain inflation, according t...
Fed minutes reveal split debate on rates under new chair
The Federal Reserve on Wednesday released the minutes from its first policy meeting under new Chairman Kevin Warsh, offering markets a detailed look at the contentious internal debate that led officials to hold interest ...
Fed Governor Waller urges limited use of forward guidance
Federal Reserve Governor Christopher Waller delivered a major policy speech in Rome on Monday, July 6, 2026, outlining a nuanced view on the central bank's communication strategy and affirming its commitment to a two per...
New Zealand central bank gives first rate hike to 2.5%
The Reserve Bank of New Zealand raised its benchmark interest rate on Wednesday, July 8, marking its first increase in more than three years as it seeks to curb persistent inflation.
UK house prices up 0.2% in June, first gain since February
UK house prices increased in June for the first time in four months, according to data from mortgage lender Lloyds, offering a tentative sign of market resilience amid persistent economic uncertainty.
Walmart to lower ground beef prices after Trump request
President Donald Trump announced on Monday, July 6, 2026, that Walmart has agreed to lower prices on a range of products, including ground beef, following a request from his administration to celebrate the nation's 250th...
BC tunnel replacement cost rises to $8.5 B, Sep 2031
The estimated cost to replace British Columbia's aging George Massey Tunnel has more than doubled to $8.5 billion, provincial officials announced Monday, July 6, 2026.
US Services PMI Falls to 54 in June, Hiring Improves
The U.S. services sector continued to expand in June, though at a slightly slower pace, as businesses reported steady demand, easing inflation pressures, and a rebound in hiring after several months of contraction.
ECB weighs doubling banks' reserve requirement to 2%
The European Central Bank is considering a significant policy shift that would require commercial banks to hold more cash in non-interest-bearing reserve accounts, according to sources familiar with internal discussions.
ECB President Lagarde says she may leave before term ends
European Central Bank President Christine Lagarde has stated she cannot rule out leaving her post before her term ends in October 2027, citing a desire to ensure a European perspective is heard in France's upcoming presi...
Texas Rep Nehls criticized for July 4 dinner comments
Texas Republican Representative Troy Nehls sparked a wave of criticism after suggesting that Americans struggling with high costs might not work as hard as he does, while detailing his plans for an expensive Fourth of Ju...
BoE's Mann says she could hike rates if inflation stays high
Bank of England policymaker Catherine Mann has signaled she is prepared to vote for an interest rate increase later this year if inflation expectations do not improve, advocating for what she termed an "activist" approac...
Henrico County asks staff to cut electricity after 25% hike
Henrico County, Virginia, has asked its public employees, including teachers and first responders, to conserve electricity by turning off lights and shutting down computers to help offset a significant increase in the go...
ECB says Europe more resilient, gains flexibility on shocks
The European Central Bank now has greater flexibility to manage inflation shocks due to the eurozone's increased economic resilience, ECB President Christine Lagarde said on Monday.
Trump urges US gas stations to cut prices to $2.50
President Donald Trump demanded on Monday that gasoline retailers across the United States immediately slash prices at the pump, warning of "big problems" if they fail to act.
Wimbledon hikes strawberries and Pimms prices
The Wimbledon Championships began on Monday, June 29, with spectators facing higher prices for the tournament's iconic food and drink items. The cost of a classic punnet of strawberries and cream has risen to £2.
Ofgem lifts UK energy price cap 13% adding £221 to bills
Millions of households across Great Britain are facing a significant increase in their energy bills from Wednesday, July 1, as the regulator Ofgem raises its price cap by 13 percent.
