17.2%. and then of course the impact on interest rates. the bank of england is trying to rein in prices and reduce the pressure on households, interest rates currently 4.5%, so let s see what this latest inflation figure means will happen with interest rates. that s the big question. of course the high cost of food is putting pressure on households. gerard, you work for a food bank. what is the impact you are seeing? pressures easing at all on the families? no, are not. we could buy three loaves for £1 six months ago, they are £1 each now. and it is really crippling us. it is that we are struggling to buy stuff. 50 it is that we are struggling to buy stuff, ., , ., it is that we are struggling to buy stuff. ., , ., ., ., it is that we are struggling to buy stuff. . ., ., . ., m stuff. so have you had to change? we have had to stuff. so have you had to change? we have had to change,
to soar. some interesting news this morning. we learned that inflation came down slightly to 17.2%. that is a 0.1% drop. that is good news in some ways but it still means that prices are rising quickly, just less quickly. what we also learned this morning is there has been an 8p drop in four pints of milk. also good news but thatis pints of milk. also good news but that is in the space of a month. compare it to a year ago, a full point of milk is still 30p more than they were then. overall when we look at food inflation, which things are costing, the average family shop annually is going to cost more than £830. 50 annually is going to cost more than £830. so the raw ingredients, the prices of those, they are putting pressure on producers. pressure on pointers like us as well. can we have a £3.50 count? can we afford one for all of the kids? good morning, claire. look at that! double scoop. thank you very much. we are trying to count quantify how much prices have gone up. what
bite i7.i% extremely high. we are looking at a bite i7.i% inflation on food compared to the previous 12 months, down on last month, we are talking 0.i% down on last month, we are talking 0.i% down from 17.2% down to i7.i%, shockingly high. but even more worryingly budget ranges, the supermarket own brand budget ranges, the inflation on those is more like 25%. that s the people who are most reliant on the most value budget ranges are the ones hardest hit again. why is that? the profit margins are slimmer on those ranges. it makes sense to overtake bigger hits when prices fluctuate. unfortunately those products are not easily accessible to everyone, not in every single store. we did a bit of research where we went into the
possibly more. if it is more than 17.2, the warmest day so far this year, we have that temperature in perthshire in february, we could see 17.5, maybe even 18. so, thursday into friday, we have got this next area of low pressure crossing is. it will bring some rain and strong winds. the strongest winds will be through the english channel. also, the tip of cornwall, the isles of scilly, is the system which is across, and areas adjacent to it. rain across england and wales, possibly northern ireland later. showers in scotland. temperatures slipping a little bit. highs of 14. not too bad. thank you. our next guest may have had his eye on the weather quite a lot over the last few years. cast your mind back to three years ago, and you may remember the story of the ten year old boy who decided to camp out in his garden every night, to raise money for his local hospice. since then, max woosey now known as tent boy has met the prime minister, won a pride of britain award