China s consumer inflation rate remained at zero in June, while factory-gate prices fell further, indicating weak demand and raising concerns about deflation.
the slowdown in the factory of the world is deepening. and boeing awaits an inquest into the deaths of three british passengers who died in a 737 max crash. we start in china where the latest inflation figures have shown an alarming drop in factory gate prices that s the price of goods as they leave chinese factories. they ve fallen at the fastest pace in more than seven and a half years. it s the ninth month in a row that the producer price index has fallen, down 5.4% from a year
Oil prices ease on US interest rate hike concerns, but supply cuts from Saudi Arabia and Russia limit losses. CPI data and China reports to impact market
response we expect, rising interest rates and he says he s prepared to do that even if it means the uk tipped into recession. it underlines all of this is big balancing act. fortunately for us it is not his decision, it is that of the bank of england and for me this is notjust a uk problem, it is a global phenomenon and if you look at what is going on on the other side of the atlantic american rates have also risen quite significantly over the course of the past few days, not as much as uk rates, if you look at the uk it is up half a percent since the end of last month saw some of the problem are unique to the uk economy some self inflicted by government fiscal policy but if you look at producer prices they are around 3% to a%. factory gate prices, prices businesses are facing in terms of rising gust pressures and they have
are looking for that release, desperately grasping for any good news. tell us more. certainly, they are, and this is a ray of light because it is the first time in almost three years that tesco has cut milk prices. all we have seen in the shops is a steady ramping up prices to eye watering levels. a low fat milk has seen some of the biggest rises, up until february. what has been happening is that finally input costs for farmers are coming down. that is the latest from the agricultural survey that is carried out by the uk government, so injanuary you saw milk, factory gate prices fall back by about 4% on the month, so this has given the supermarkets a bit of wiggle room because you are seeing those prices of milk of the wholesale market falling back, and so that is what it has decided to pass on this lower