cost pressure, that a business that could be growing is now planning to shrink. andy verity, bbc news. that is something we are hearing so much about. businesses trying to retain talent while meeting costs. not easy. that doesn t mean you are not entitled to ask for a pay rise. get on the bbc website. five excellent tips on how to secure that pay rise. experts say it is about getting the tone and timing right and being able to demonstrate why you deserve it. later in the programme we will get an update on the latestjob numbers. unemployment and vacancies. crucially, how much the gap between public and private sector pay continues, we expect, to grow. thank you. time now to get the news, travel and weather where you are. good morning,
thank you very much forjoining us at bbc news. take us through some of the factors that have led to this inflation rate hike. the factors that have led to this inflation rate hike. yeah, i guess the background inflation rate hike. yeah, i guess the background is inflation rate hike. yeah, i guess the background is it s inflation rate hike. yeah, i guess the background is it s a - the background is it s a continuation of price rises that we have seen over recent months, the primary drivers are energy, so the reporter spoke before about the war in ukraine, having a significant effect on the cost of animal feed and fertiliser, and more broadly on the cost of energy, and that obviously permeates the whole supply chain, so we are seeing that feed through onto the prices that we see on the shop floors. but retailers are trying their best to withhold as much of that cost pressure as possible. much of that cost pressure as ossible. . much of that cost pressure as ossible. , , ., , ., ~
make their money go further aldi supermarket. peoplejust make their money go further aldi supermarket. people just trying make their money go further aldi supermarket. peoplejust trying not to let the cost of the weekly shop run away. the chief executive of tesco acknowledges this and says customers seek out quality and value of own brand ranges. even when customers stay with the supermarket, they look for cheaper alternatives. the chief executive says people are trying to work out how to make their money go further and, in some cases, instead of eating out, they are cutting back and buying meal deals to take from the supermarket to have at home. it is a tough moment for supermarkets because, ordinarily, if their cost pressure goes up, electricity, gas, fuel, they would pass it on in higher prices but the danger is if they do that, they will lose customers who cannot afford to pay any more. i lose customers who cannot afford to pay any more-