inflation in the uk is higher than inflation in the uk is higher than in other comparable countries, one is that we import a lot of energy and a lot of food, more than many other comparable countries, france for example grow more of their own food. more gas than we do, that s really it helped their inflation numbers. one of the effects of the ofgem is that it can take a month or two for changes in the process can be reflected in consumer pricing. irate be reflected in consumer pricing. we have to leave it there but thanks forjoining us come alive on bbc news, thanks forjoining us. sweeping red across europe and elsewhere, exceptional heat continues to be felt across large parts of the northern hemisphere the world health organization has warned today that the hype temperatures are straining health care systems. wildfires are still burning right across greens in southern europe,
showing how fast prices have been they re expected to show that a standard basket of goods cost nearly 10% more in march than it did 12 months ago. but falling petrol prices are potentially helping to bring the rate of overall inflation down. 10%, can it be under or over? that is what we are looking out for in the next few minutes. with more details here s our business reporter, ben king. at this dairy in stockport, they try to take a glass half full approach. but everything they buy has been getting more expensive and that means their prices have been going up, too. you don t want to always be doom and gloom, you try and look to the best of things. but, at the moment, we don t see anything changing really because your production costs are still getting higher, our energy costs are still going higher. don t get me wrong, they ve plateaued a little bit, but our raw consumer pricing, machinery costs, purchasing goods, glass bottles, crates, you name it. nothing seems to be stopping at th
don t get me wrong, we ve plateaued a little bit, but our raw consumer pricing, machinery costs, purchasing goods, glass bottles, crates, you name it. nothing seems to be stopping at the moment for us. milk, and food in general, has been rapidly becoming more expensive, contributing to the cost of living crisis, which has pushed so many to the brink. but it s slowing down. in february, prices were 10.4% up on the previous year. for march, that s expected to be around 9.8%. the actual number is published at 7 am. cheaper petrol will help to bring the march figure down. and if gas and electricity bills fall in coming months as expected, that will help to bring inflation down towards the target level of 2%. good news up to a point. doesn t mean that the cost of the goods and the services that you re buying in the shops has come down, itjust means that they re going up a bit less rapidly. those energy bills for many people will still be higher
inflation than in the autumn when it was up 39% compared to prices before the invasion of ukraine. the sales manager cannot see prices dropping soon. fist manager cannot see prices dropping soon. ., ., ., , soon. at the moment we do not see an hinu soon. at the moment we do not see anything changing soon. at the moment we do not see anything changing because - soon. at the moment we do not see anything changing because you - soon. at the moment we do not see anything changing because you have production costs getting higher and energy costs going higher. real consumer pricing, machinery costs, purchasing goods, glass bottles and crates, nothing seems to be stopping. crates, nothing seems to be stepping- crates, nothing seems to be stoninu. ~ ~ , ., crates, nothing seems to be stoninu. ~ ~ ., ., stopping. milk was singled out today is one reason stopping. milk was singled out today is one reason why stopping. milk was singled out today is one reason why inflation, - stopping.
with increased costs across the board. the price of fresh milk in march was 32.6% higher than a year before and believe it or not that s slower inflation than in the autumn when milk was up 39% compared to prices before the invasion of ukraine. the plan ts sales manager can t see prices dropping any time soon. at the moment we do not see anything changing because you have production costs getting higher and energy costs going higher. don t get me wrong, they have plateaued a little bit. but our raw consumer pricing, machinery costs, purchasing goods, glass bottles and crates, nothing seems to be stopping at the moment for us. we get this delivered in daily from the dairy~ milk was singled out today as one reason why inflation, the rise in the cost of living, defied optimistic forecasts by most economists that it would drop down back to single digits, staying just above 10%. the price of food and soft drinks shot up faster than 1977 when most