Train fares in England are expected to rise by 5.8% next year, sparking growing concern among passenger groups over how ticket prices are set. The increase stems from the latest inflation data, indicating that affordability could become an even greater challenge for commuters.

Canada’s headline inflation eased to 1.7 % in July, down from 1.9 % the previous month, Statistics Canada says. Cheaper gasoline led the decline, but food prices moved the other way, leaving Canadians with higher grocery bills despite the overall slowdown.

The European Central Bank is approaching the end of its rate easing cycle, according to Peter Kazimir, Governor of the National Bank of Slovakia and ECB Governing Council member.

As economists raise alarms over the increasing risk of stagflation, Americans may face a challenging economic period marked by rising prices and slowing growth. Experts attribute this threat to current tariff policies, urging consumers to prepare financially for potential hardships.

As President Trump’s tariffs take effect, the U.S. economy faces the dual threat of slowing growth and rising inflation. This stagflationary pressure presents a significant challenge for the Federal Reserve, which must navigate this economic conundrum.