figure that we heard about this morning, inflation, the average rise in the cost of notjust food, but goods and services as a whole. we found out that in march it was at 10.1%, so that means on average, if you bought a whole range of items a year ago, they would cost you £100, now they would cost you £110. food has gone up even more sharply, 19.2% is the average rate of food inflation. let speak to one of the wholesalers here. joe, what are you noticing in terms of any easing up in the rate of inflation, the cost pressures of the business? the. in the rate of inflation, the cost pressures of the business? a few weeks ago. pressures of the business? a few weeks ago. it pressures of the business? a few weeks ago, it looks pressures of the business? a few weeks ago, it looks as pressures of the business? a few weeks ago, it looks as if- pressures of the business? a few weeks ago, it looks as if we - pressures of the business? a few weeks ago, it looks as if we had i pressures of
that is lower than it was the previous month when it was 10.4%. that means prices are still rising but not quite as fast as they were pulled up just to but not quite as fast as they were pulled upjust to be but not quite as fast as they were pulled up just to be clear, but not quite as fast as they were pulled upjust to be clear, prices are not falling, they are rising but not as fast as they were. it takes into consideration a whole range of goods and services and working at the average price from what it was 12 months ago. it is on average. some things will have gone up by even more than that. when you break it down and look at food in particular, food price inflation is at 19.2%. that is why things like fruit and veg which you see here, when you buy it in the shop to feel it is significantly more expensive thanit it is significantly more expensive than it was a year ago. of course, you price inflation against average wage rises. we found out yesterday average wages were going up by
19.2%. so that makes things a lot more expensive for families when you factor that into the cost of the weekly shop. there was a slight fall in the price of petrol and diesel. that is important because that affects so many other things. the cost of transporting all his goods around. if petrol and diesel start to full, it may start to feed through in the prices for goods that had to be shipped around. it takes some of the pressure down. the 10.1% rate of inflation is way above the bank of england target. we are way above it. it tends to lead to the bank of england increasing the base interest rate. at the moment it is 4.20 4.25%, it may interest rate. at the moment it is 4.20 4.25%, it may well go higher. that is the bank of england s way to rein in prices and help households who are feeling the
inflation, we mention food price inflation, we mention food price inflation average of 19.2%, that itself is on average, and you will have noticed certain items have gone up have noticed certain items have gone up even more than that, eggs, milk, pasta, some of those have doubled within the past couple of years, so the cost of living crisis is still very much a reality for households up very much a reality for households up and down the country. those figures really important to know, but we can t avoid the reality. thank you very much indeed. john is hit with the sport, and there was no miracle for chelsea last night. know, and i think that was the help. frank lampard wanted to be their hero, but they have lost every match so far, and you wonder how long until chelsea will get back to the top once again? how do they do it? they have invested heavily, so i don t think it is a case of lack of money. it isjust don t think it is a case of lack of money. it is just trying to knit it altoge
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