banking system is more secure than 2008. the regulations have made that very certain. suddenly, when it comes to the biggest. banks but this has been a crisis of confidence. and, it has infected the entire sicker. look at the march losses, for some of the u.s. biggest banks. you could see, all pretty much down double digits. even jpmorgan, perhaps the most secure of all done 11.3%, down to which has lost almost 20% of its values over the course of march. this is about confidence. but, it s also about a bit of a re-pricing of the sector. this is really brought home to investors that banks are now having to jack up the returns, they re offering to save depositors this is a crisis of confidence that could increase the brinks of having to borrow and things like. that, so this is sort of caused a bit of a wobble in the entire sector. and, now, of course, rosemary all eyes will be on the federal reserve meeting on wednesday, whether or not the turmoil in the banking sector will cause
and retail sales comes in less than three hours. and consumer prices are rising 6.4%, cooling but still hot. so what is more expensive and what is cheaper? let s bring in florin flonathan son. what got more expensive? i m thinking eggs and butter. we re all feelings strain. grocery prices up 11.3%, egg prices up 70%. we ve talked about how the deadly avian flu has tightened supply, pushed up prices. we start to see wholesale numbers for egg prices start to come down. butter prices up 26.3% annually. bread up about 15%. fruit and vegetables got more expensive. chicken got more expensive. and a few reasons for this. climate change and droughts have increased prices. the war in ukraine has pushed up
effectively, i mean, it s absolutely massive the numbers they re making. the earnings fell by 28% to 11.3 u.s. billion dollars. i m not entirely sure the math adds up here. that performance doesn t sound too good in my books. i d still take $25 million. lastly, boeing is planning to hire 10,000 workers this year as it recovers from the pandemic, and it s also increasing its jetliner production. give us the latest on this one, arabile. boeing following in a similar vein saying they re hire 10g,000 people this year, they re looking to recover, of course, plus, you re getting the reopening out of asia with wanting to get a few more traveling right into and across
inflation fell to 10.5 percent last month, down from 10 point 7 percent in november. the drop was partly due to annual fuel prices dropping back sharply in december, to 11.5 percent. that s down from more than 17 percent the previous month. but that was offset by rocketing prices in hospitality, as restaurants and hotels were forced to pass on their own surging costs. inflation in the sector at 11.3% is the highest for three decades. households and businesses are also still facing eye watering food price inflation, which hit another as year high, at 16.8% in december. inflation last month was still five times the bank of england s 2% target. while most economists now believe the peak in uk inflation has passed, the chancellorjeremy hunt says the government needs to stick to its plan to bring it down further. there is still a long way to go in the battle against inflation. any country anywhere in the world with inflation over 10% is seeing it at, frankly, dangerous levels for stabil
the drop was partly due to annual fuel prices dropping back sharply in december, along with the price of clothes and footwear. that is down from i7% last month. but that was offset by rocketing prices in hospitality, as restaurants and hotels were forced to pass on their own surging costs. inflation in the sector at 11.3% is the highest for three decades. households and businesses are also still facing eye watering food price inflation, which hit another as year high at 16.8% in december. inflation last month was still five times the bank of england s 2% target. while most economists now believe the peak in uk inflation has passed, the chancellorjeremy hunt says the government needs to stick to its plan to bring it down further. there is still a long way to go in the battle against inflation. any country anywhere in the world with inflation over 10% is seeing it at, frankly, dangerous levels for stability of an economy.