new figures here in the uk show that the rate at which prices are rising has fallen sharply, hitting single figures for the first time since last august. the annual rate for april fell to 8.7%, down from 10.1% in march, but still higher than predicted. a quick global comparison in the us, the rate of inflation stood at 4.9% in the 12 months to april, falling for the tenth month in a row. the eurozone rate rose slightly in april to 7%, but that figure is still down from 8.5% in february. the bbc s economics correspondent andy verity explained. if you want to be half full, at least it s in single digits now. for three months in a row, it s defied expectations it would drop into the single digits, and it stayed in double digits. so that has been coming down, and there are some nice signs like for example, petrol is cheaper than it was a year ago, some second hand cars have been coming down in price, and generally goods price inflation, which has been driving this, has subsid
to the uk in the 1980s. and some in the industry hope that this will be a momentum shift, a sort of tipping point that will give others confidence to come into an industry because you ll need a lot of this capacity. the uk currently only has one working battery factory, it s got one very much on the drawing board. this one, which looks set to get the green light, whereas in the eu they ve got 35 and bear in mind, the us is busy pouring hundreds of billions of dollars into subsidies for people who want to move production in their supply chains over there. so a key battle in a key moment. and, simon, i mentioned there in the introduction that it could create up to 9,000 jobs that s a huge headline figure. do we know much about the detail of what it was in the end, if it turns out to be what you just described, what has encouraged them to make the call to come to the uk? what got it over the line? it didn t come cheap and was not easily won, this negotiation, which we re expecting the