of october, bringing annualised inflation down sharply to 3.2% % over the past 12 months. it has been 3.7% previously and that was down from a peak of 9.1% in the middle of last year. let's hear now from our north america business correspondent erin delmore. it is finally heading in the right direction. . �* , �* , direction. that's right. and this re ort is direction. that's right. and this report is being _ direction. that's right. and this report is being seen _ direction. that's right. and this report is being seen as - direction. that's right. and this report is being seen as good i direction. that's right. and this - report is being seen as good news. we saw stock futures jumped on the news and we have seen that momentum sustained into this morning. when we look at numbers like this, we look not only at the number but the direction the numbers are moving in. as you said, we see inflation at 3.2% year over year in the month of october, down from 3.7% in september. we have also seen core inflation down a bit from september, coming in at 4% today. core inflation strips out volatile fuel and energy prices. that is the number the federal reserve tends to look at when making decisions about interest rate increases. going back to the headline number because lower energy prices are part of what is driving that downward shift. when we look at core the downward shift is thanks, in part, to lower housing costs, used car sales and airfares. these are all sources of disinflation. one of the questions that comes when you and i tend to have conversations like this is, does this data make it more or less likely that we will see the fed raises interest rates at its next meeting, in this case, december? the expectation as it will not, it will instead choose to hold steady and in a report like this, it doesn't make it likely to change that expectation.— it likely to change that expectation. it likely to change that exectation. ,, ., , , ., , it likely to change that exectation. ,, ., ., , ., expectation. steady as she goes for now. erin, expectation. steady as she goes for now- erin. good _ expectation. steady as she goes for now. erin, good to _ expectation. steady as she goes for now. erin, good to have _ expectation. steady as she goes for now. erin, good to have you - expectation. steady as she goes for now. erin, good to have you with i expectation. steady as she goes for| now. erin, good to have you with us. staying with the us where all eyes will be on san francisco later this week, whenjoe biden and xijinping meet at the apec trade summit. with the us and china locked in a battle for global economic dominance, plenty of countries are paying close attention to what it might mean for them. one of them is indonesia, a resource—rich, fast—growing nation, that's caught between old and new allies. from jakarta, here's our asia business correspondent, nick marsh. this is a country on the move. super—high speed rail has come to indonesia. "woosh" was built by chinese engineers and financed with chinese loans. once upon a time, indonesia's largest trading partner was the united states. but that train�*s left the station. now it's china. they were given the nod to build this over america's ally, and the master train makers, japan. this train is notjust a testament to chinese engineering. the fact that it was chosen over japan's offer is a vote of confidence in china. the truth is that countries like indonesia are hungry for infrastructure and china is more than happy to provide it. but china can't provide everything. this is boeing's brand—new office injakarta. presidentjokowi and i started meeting when he was governor... the relationship goes back a long way. indonesia's wary of china's military power. when it comes to defence, it still turns to old friends, buying commercial and military hardware. american companies, including boeing, get that this region is important. it's nestled next to china and india. those are two huge markets that american companies care about and boeing cares deeply about. indonesia matters and indonesia is an incredible market today. but we see the future as even brighter. ask young people, though, and they'll tell you that their future lies with china. these students injakarta are learning mandarin. translation: china is our neighbour and it's progressing fast. _ i think china will be a very powerful country in the future, so i think it makes sense to learn chinese. china is also streets ahead when it comes to electric vehicles. and in one of the world's most polluted cities, indonesians are betting on beijing. "our sales have been amazing", this car dealer told me. "there are people in indonesia who never imagined that they'd be able to own an electric vehicle. but we can offer value for money". the world that longed for american brands and products is changing. now the aspirational lifestyle is increasingly made in china. nick marsh, bbc news, jakarta. today has been a day of figures and stats. today has been a day of figures and stats. here in the uk, wages have risen faster than inflation by the most for two years, but there are signs the jobs market is starting to weaken. regular pay rose at an annual rate of 7.7% betweenjuly and september, faster than price rises over the same period. however, official figures showed that wage rises are starting to slow in some industries. with more on this here's our cost of living correspondent kevin peachey. that is the issue, isn't it? whilst people might feel a little better off, they won't feel that immediately, because there is a lack. just explain that? $5 immediately, because there is a lack. just explain that?- immediately, because there is a lack. just explain that? as we have been hearing _ lack. just explain that? as we have been hearing a _ lack. just explain that? as we have been hearing a bit _ lack. just explain that? as we have been hearing a bit earlier, - lack. just explain that? as we have been hearing a bit earlier, in - lack. just explain that? as we have been hearing a bit earlier, in the i been hearing a bit earlier, in the us there is pressure on people's finances. it has certainly been the case in europe and the uk, too. if we look at this chart, we can see that there may be a bit of easing of that there may be a bit of easing of that pressure coming, even though quite a lot of pressure there. that is because these wages are rising, the blue line here, at a faster rate than prices. that is certainly —— but that has certainly not been the case for the last couple of years, but the last couple of months it has. people are feeling a little bit better off in real terms about i% better off in real terms about i% better off in real terms about i% better off than a year ago. is that being played through in terms of the economy as a whole, giving a boost to the economy because make no, i'm afraid not. for a year and a half it has been pretty much nonexistent or just going up a tiny bit. that is going to be at forefront of the bank of england's policymakers' mines as they set interest rates, and analysts saying that, because of that falling inflation and very little growth, the next move in interest rates is likely to be down rather than up. find interest rates is likely to be down rather than up.— interest rates is likely to be down rather than up. and briefly for us, alle es rather than up. and briefly for us, all eyes will _ rather than up. and briefly for us, all eyes will be _ rather than up. and briefly for us, all eyes will be on _ rather than up. and briefly for us, all eyes will be on whether - rather than up. and briefly for us, | all eyes will be on whether people go out and spend before christmas. we know it is make or break for a lot of retailers. if people aren't quite feeling well off they may not put their hand in their pocket. glad tidinas at put their hand in their pocket. the family of a 17—year—old boy who died while working as a deliveroo rider, despite 18 being the minimum age, are calling for a change to prevent children being able to sign up. a bbc investigation found a black market in delivery app accounts which are bought and sold on social media, with no identity checks. the home office has called in the majorfood delivery companies for a meeting. angus crawford reports. leo wanted to be a millionaire. yeah. whatever it took, however it took, he just wanted to earn money and deal and hustle. atjust 15, on his bicycle, leo started riding for deliveroo. two years later, still working for the app, he was killed on a borrowed motorbike. no—one's accountable. not at all, for anything. theyjust take the money. it's not, it's not right. the rules say you've got to be 18 to work for the company, but leo easily got round them because of something called substitution. when you work with deliveroo, i you can also appoint a substitute. deliveroo lets drivers share their accounts. if you can't do a day, someone else can take your place. but it's up to you to check they're over 18, have no convictions and are allowed to work. but that system is open to abuse. we've found a thriving underground trade in deliveroo accounts for sale or rent on social media to anyone who's prepared to pay. both adults and children. we set up a fake account, biker boy, saying we were 16 years old and messaged some of the sellers. "age doesn't matter," said this one. "i don't really care, bro. they don't check," said another. and all this because of substitution, which all the big delivery apps allow. we think that practice is completely wrong. this is not a victimless activity. we've seen a young person die when he was doing a job that he shouldn't have been doing according to the rules of that company. it is perpetuating exploitation and enabling illegal working in our country. and this is why the government is concerned. we're out with police just to see if there's anyone that's illegally present and working. friday night in brighton. lots of people are ordering takeaways, lots of delivery drivers on the roads. is he not pulling over? but not all of them should be. at this time he is currently under arrest, as i suspect that he has overstayed his permitted time of entry within the united kingdom. and there's a frustration with the delivery companies themselves. it's basic right to work checks, that kind of thing. it's every employer's responsibility to ensure that the people they're employing are legally present in the united kingdom and have permission to work. so far this year teams like this have arrested 381 suspected illegal riders, many of them using substitute licences for the big online delivery apps. deliveroo told us it takes its responsibilities extremely seriously and demands riders must have the right to work in the uk and says it takes a zero tolerance approach towards any rider who fails to meet their legal obligations. but that's no comfort for leo's family. have deliveroo been in touch with you since leo's death? no. well, he doesn't, they wouldn't know him, would they? they wouldn't even know he existed. behind the apps we all take for granted, there are hidden victims of the gig economy. angus crawford, bbc news. you are up—to—date. we will see you very soon. goodbye. we are campaigning for free school meals. it has been proven that people who have school meals make more progress in english and maths. the school counsellor is on a mission. all children in england get free school meals until they are seven. but, from year three, only a limited number are entitled. year three and above, _ limited number are entitled. year three and above, if— limited number are entitled. year three and above, if you _ limited number are entitled. year three and above, if you earn more than _ three and above, if you earn more than £7,400, and that figure has a change _ than £7,400, and that figure has a change for— than £7,400, and that figure has a change for a — than £7,400, and that figure has a change for a long time, then you are not entitled — change for a long time, then you are not entitled to free school meals. we have — not entitled to free school meals. we have got parents on low incomes working _ we have got parents on low incomes working two or three jobs to make ends _ working two or three jobs to make ends meet. — working two or three jobs to make ends meet, earning just over that amount— ends meet, earning just over that amount of— ends meet, earning just over that amount of money, and then they have to pay— amount of money, and then they have to pay for— amount of money, and then they have to pay for school meals as well on top. to pay for school meals as well on ion in _ to pay for school meals as well on to -. ., ., . ., top. in northern ireland the income threshold is — top. in northern ireland the income threshold is double, _ top. in northern ireland the income threshold is double, at _ top. in northern ireland the income threshold is double, at £14,000, i top. in northern ireland the income i threshold is double, at £14,000, and in scotland and wales free school meals for all primary age children are being rolled out. in london they currently get free meals to. it makes me feel a bit disappointed, because if they have it then that's not fair on us. the because if they have it then that's not fair on us.— because if they have it then that's not fair on us. the food foundation charity says — not fair on us. the food foundation charity says the _ not fair on us. the food foundation charity says the income _ not fair on us. the food foundation charity says the income threshold l not fair on us. the food foundation | charity says the income threshold to qualify for free meals charity says the income threshold to qualify forfree meals is charity says the income threshold to qualify for free meals is too low. the children say they will continue to push for change for their health. for 70 years, panorama has pursued the truth. questioning, uncovering. work the panorama and i would like to ask you some questions. 70 years and we are not done yet. panorama, watch bbc iplayer. hello from the bbc sport centre. there's plenty at stake still for teams involved in european championship qualification this week, for next year's tournament. england secured their place, courtesy of last month's win over italy. but for their next two matches they'll be missing jude bellingham. the real madrid star, who's scored 10 in 11 games for this club side in the league this season, has enjoyed a dream start in spain. but he's pulled out of gareth southgate's squad with a shoulder injury — bellingham's missed the last couple of matches for real, since dislocating it against rayo vallecano earlier this month. england take on malta and north macedonia over the next week and half. the cricket world cup semi—finals edge ever closer — host nation india take on new zealand, in the first of the matches on wednesday, before south africa and australia go head to head a day later. india very much the favourites, winning every group stage game but they take on a new zealand team who got the better of them