The Bank of England currently expects inflation to hit 4% in September, the all-important month for pensioners. Wage growth is currently slightly higher than this at 4.6% (including bonuses), although it could shift slightly in next month's report.

Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.

UK inflation rose again last month to higher than expected to 3.8%, amid food price hikes and travel costs.The latest figures from the Office for National Statistics have shown that inflation

Transport was the biggest factor driving up overall inflation in July, particularly due to a spike in flight prices as families booked summer holidays. | ITV National News

According to Bankrate, inflation has climbed 22.7 percent since 2021, while Americans' wages have risen just 21.5 percent.

Opendoor Technologies has a challenging business model and, on top of that, has executed it poorly. Higher inflation may keep rates elevated, which would work against Opendoor. The company's CEO recently resigned,

UK inflation rose in July to the highest annual rate since the start of 2024 when it had hit 4 per cent - here is what it means for households.

The US economy faces rentier-led inflation: prices rise from housing, tariffs, and utilities while wages stagnate and growth slows, fueling a fragile market boom.