england and jeremy hunt the chancellor that they are pretty concerned about this and they keep talking don t they about wage restraint but those who run businesses need to practise that? ., ., , ., ., that? inflation is more than four times that? inflation is more than four times the that? inflation is more than four times the bank - that? inflation is more than four times the bank of - that? inflation is more than i four times the bank of england target, the governor ought to be worried but noticed when the governor is guiding above what the bank of england might do in the bank of england might do in the future, he is suggesting inflation should fall pretty quickly and markets are starting to ask the question, how quickly wealthy banker ben stop raising interest rates, by august or september we might find the bank does not need to increase interest rates import the government said by the end of the year they would halve inflation, that object of is at risk but well the governor co
could we see inflation falling in the month ofjune?- could we see inflation falling in the month ofjune? 8.3, 8.296 a mechanical in the month ofjune? 8.3, 8.296 a mechanical and in the month ofjune? 8.3, 8.296 a mechanical and because - in the month ofjune? 8.3, 8.296 a mechanical and because of- a mechanical and because of high prices of food and energy last year, it is still far too high but it seems to be going lower quite quickly. 8.2 high but it seems to be going lower quite quickly. lower quite quickly. 8.2 still a lot higher lower quite quickly. 8.2 still a lot higher than lower quite quickly. 8.2 still a lot higher than the - lower quite quickly. 8.2 still a lot higher than the us, . lower quite quickly. 8.2 still. a lot higher than the us, most of europe, we are the outlier here, are we not? we of europe, we are the outlier here, are we not? of europe, we are the outlier here, are we not? we are, but for a very here, are we not? we are, but for a very specific her
achievable reality. fiona, good to talk to, thank achievable reality. fiona, good to talk to, thank you achievable reality. fiona, good to talk to, thank you for - achievable reality. fiona, good to talk to, thank you for your l to talk to, thank you for your time. that is a big story in business for the uk today. also the other one. we are on inflation watch again across the uk. in an hour and a half the uk. in an hour and a half the latest data will be released. uk conumer price inflation remained much higher than expected when it stuck at 8.7%% in may. a big headache for the bank of england. the figure was driven by higher prices for flights and second hand cars but supermarket food prices also continued to rise rapidly. todayit today it is hoped we will get some good news. inflation slowing to its lowest level in over a year. live now to kallum pickering, who s a senior economist at berenberg. could we see inflation falling in the month ofjune?