biggest shipping firms, maersk and hapag lloyd. later today, the un security council is expected to meet and produce a diplomatic response. the red sea accounts for 15 percent of the world s shipping and plays a crucial part in the global supply chain. uk companies have been telling the bbc that shipping delays could push up prices. let s speak now to zvi schreiber, the ceo of freightos, an online marketplace for the international shipping industry based in israel. one in five might not sound that dramatic. is it? well, yes, it s usually dramatic. to put in context, there s about 4.5 million 20 foot containers equivalent going back and forth through the suez canal, and daily this is changing. there s a couple of days of quiet, when they start getting rooted through the suez canal again, getting rooted through the suez canalagain, and getting rooted through the suez canal again, and then there s a rocket attack and ships are either being told to stop and wait till their being
nearly as dramatic as we saw during covid. ., ~ , ., , nearly as dramatic as we saw during covid. ., ~ ,, , . nearly as dramatic as we saw during covid. . ~ ,, , . ., covid. thank you very much for “oininu covid. thank you very much for joining us covid. thank you very much for joining us with covid. thank you very much for joining us with that covid. thank you very much for joining us with that analysis. i grocery price inflation in the uk has slowed to an annual rate of 6.7% in december, while retailers enjoyed their busiest christmas since 2019, according to the data firm kantar. prices for sweets, eggs and frozen potato products rose fastest but prices fell for dairy items, including butter, milk and cream. let s speak now to tom steel, head of strategic insight at kantar uk. always worth reminding people, falling inflation doesn t mean falling inflation doesn t mean falling prices, it means the prices are not going up as fast. what progress is being made in reducing the i