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krishna srinivasan heads the asia pacific division at the imf and earlier he told me he expects inflation in asia to come within central banks targets by the end of the year. as you know inflation around the world was rising since 2020 including asia pacific when it went up it didn t go up by much and it is common on pfizer in asia than other parts of the world. for instance, injapan there been issues. what we expect is for to officially account for around 2.7% and arrive at central targets. japan has long been known for its relentless work culture, where employees are reluctant to go
where energy bills of course played a massive part. let s start by looking at british gas. it made £72million last year that 5 around £8 per customer. this morning, they re expected to announce much bigger profits for the start of this year. one estimate suggests we could be looking at more than £800m forjust six months ? other analysts think it may be a little lower. that s because the energy regulator ofgem raised the price cap to over £4000 in the first three months of this year allowing suppliers to charge more in part to make up for the fact that previously the price cap didn t go up as quickly as wholesale costs. if we look at the bigger picture british gas is owned by centrica ? they, too, did incredibly well last year. that s because centrica produces its own gas and electricity and when the war in ukraine led to a squeeze on energy supplies, it s a similar story for shell, which last year enjoyed its highest
come. because the same amount of groceries you buy a costume or. say multiple your tank, all the gas prices been going down costume more. it doesn t cost everybody more. as most of us, if you re wealthy. you re not driving extra. so you can manage that is part of your cost. you can absorb some of these things. and the offset that is that a deployment remains really low, and wages have been going up. it is just the numbers don t even offer everybody, that s the problem. for some people who are struggling to get by it is only worse and it makes it worse. for a lot of people in america, coverage but inflation is playing out on tv. it s playing out in analysis. this played out and campaign ads. because of not buying a house we just didn t go up. if not before interest rate snugly appear rates did not go up? you re grocery bills going up. yet you may be earning more yet, the stock market is struggling but will eventuality of a lot.
we just didn t go up. if not before interest rate snugly appear rates did not go up? you re grocery bills going up. yet you may be earning more yet, the stock market is struggling but will eventuality of a lot. yet there is more manufacturing. there is more exporting. so right, it s complicated, it s too wants. in my child s across america. i m a parallel of the nuance. i m hearing messaging about inflation being high and the blame being put on joe biden democrats. as good as economically what about americans, as you said. it was bad before covid it s worse now when they say any trouble for something different. this economy isn t working for me. what are they voted for? because joe ministration is adjusting social security above or 8% next year to adjust for inflation. we don t insulin cost being kept. when you re paying out of pocket is kept.