Low-income families in Germany bore brunt of inflation, new study shows, further increasing risk of poverty

People will be able to buy 90g loaves at cost price using pre-paid cards, Ali Moselhy said, adding the price was yet to be decided but would be less than 1 Egyptian pound ($0.03), with a trial period starting on Wednesday

'Inflation is eroding everything,' Jamie Dimon says

Company says freezing of license fee has led to 'tough choices,' including shutting BBC Radio Arabic, Persian

In August, UK food inflation stood at 9.3%. Meanwhile, prices for fresh food products rose by 12.1% year-on-year. In addition, inflation for long-term storage products, such as pasta and tinned tomatoes, reached a record 8.6%, up from 7.8% in August, which is the fastest rate of increase for the category, according to the broadcaster.

The figure for inflation in Europe has shown record high as the prices for energy has spiked due to the Ukraine war.

Prime Minister Boris Johnson says his government is doing all it can to avoid strikes.