around 80p a bottle. i think when you combine that with all the other increases in costs that we ve we ve seen recently, then it leaves producers in a position where most are going to have to pass that that increase on to their customers. are going to have to pass that that so, yeah, it ll definitely have an effect. these duty changes are welcome. they hopefully will make for a fairer system. recognising lower strength products should receive lower duty. however, there is still an increase overall for the beer category for your bottles and your cans. they will be going up 10.1% and unfortunately that costs the industry some 225 million. how are you feeling about this increase, simon? well, i think we re just confused. and not everyone s clear yet what their new tax bill will actually be. we re currently paying £2.97 in tax on a bottle of wine. i think we re going to be paying £3.56, which i think is a 59p increase, not the 44 that s
from a high of 9.1% exactly a year ago, so that s great with news from the white house. but now let s take a look at, you know, you were mentioning inflation s been going down for 12 months. recall though last mercer neil, gas was over $5 nationwide for the first time in u.s. history. the average price of a gallon of unleaded gas, i checked this morning, is now $3.56. but, neil, for all americans prices still remain high. we don t have to tell our viewers that, they feel it every day. it feels like that $100 grocery run costs so much more. in fact, we looked up the food index, that s increased .1% in june after increasing .2% the previous month. the energy index rose .6%. people are going to be blasting their a/c, that s going to cost a lot more. other prices that have been increasing, represent, 8.3%. dining out, 7.7 increase.
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and on wall street, stock index futures barely positive this morning. markets really unfazed by russia s weekend drama, but slipped at the close yesterday dragged down by tech shares. russia of course is a major oil producer, crude oil prices initially rose on instability but it slipped back. gas prices fell a penny overnight to $3.56 a gallon, well below the $4.90 at this time last year. today consumer confidence number and new home sales due out later this morning. let s bring in mark zandi. i wanted to get your thoughts on the weekend traumad draw thatma russia. you wrote that # the global economy uld get a big boost if russia s internaconflict forced it to curtail its war more quickly. the war has done serious
verge of a new bull market even as you have all the worries about recession swirling. overall recession fears appear to be fading. and the nasdaq ending the day down more than 1%. the dow finished slightly higher. and gas prices rose a penny overnight to 3.5$3.56 a gallon. aaa says international travel it up more than 200% compared to 2022 with ticket prices for international prices 30% higher. and some are heading overseas to experience moment like this taylor swift concert. let s bring in the author of the article from the washington po post . nice to have you. i ve been studying what some are calling a discretionary recession. for example they are trading down on what kind of cuts of meat they are buying but buying