hours later in the us. what is it going to show us today? we are it going to show us today? - are expecting a modest rebound in inflation december, up zero x 2% after two consecutive months of flat readings in the us and that will be enough to put that headline inflation number up to 3.3% from 3 .1% in november. the good news for the markets and for the fed is that the core measure inflation can take out food and energy we expect that to be up only zero x 2% as well and that will be enough to bring that core measure of inflation down to probably something like 3.8% from 4%. still not at the fed target of 2% but moving in that direction. the number is going to be a pretty mixed bag overall. we think we will continue to see downward pressure on things like goods prices, raw commodity prices and of course energy and
let s hear from professor oliver de groot, head of economics at the university of liverpool management school. thank you very much for being with us, professor. let s provide some context for people singing at home because that is what we do. yes, inflation is falling, but prices are still going up, just not as quickly, correct? still going up, “ust not as quickly, correct? . still going up, ust not as quickly, correct? . , . correct? that is correct. good evening. correct? that is correct. good evening, christian. correct? that is correct. good evening, christian. so - correct? that is correct. good evening, christian. so the - correct? that is correct. good - evening, christian. so the headline inflation number that has been reported, this is only the change in prices over the last year, and so while that headline number has come down forjune relative to june while that headline number has come down forjune relative tojune last year, it still means that the prices on the whole
is investigating the crash. will get the latest inflation numbers here in the uk and a few hours. they re expected to fall below 10% for the first time since august when official figures are released in an hour and a bit. economists have predicted the current rate of 10.1 could drop sharply, as last year s huge increase in the cost of energy is no longer part of the calculation. ben king reports. it was massage and energy prices that sent inflation rising. and although households still face much higher bills, the big race came more than a year ago. the big race came more than a yearago. so the big race came more than a year ago. so it does not affected a s headline inflation number which measures how much prices rose between last april and this april. petrol and diesel prices are falling. and food prices are rising less rapidly. food prices are rising less raidl ., , food prices are rising less raidl. , ,, food prices are rising less raidl. , , , ., ., rapidly. just because inflation i
economists have predicted the current rate of 10.1% could drop sharply, as last year s huge increase in the cost of energy is no longer part of the calculation. ben king reports. it was a surge in energy prices that sent inflation rising. and although households still face much higher bills, the big rise came more than a year ago, so it doesn t affect today s headline inflation number, which measures how much prices rose between last april and this april. petrol and diesel prices are actually falling. ..and food prices are rising less rapidly all contributing to the biggest one month fall in inflation for over 30 years. just because inflation is coming down, that doesn t mean prices are coming down. in fact, for most goods, they re still rising just at a slower pace. and the question now is, how long will it take for those price rises to slow back to the level we re used to where inflation is at its 2% target? if inflation proves persistent, the bank of england may feel it needs
are released injust over an hour. injusta injust a few in just a few minutes. injust a few minutes. we are waiting for that number right now. economists have predicted the current rate of 10.1% could drop sharply, as last year s huge increase in the cost of energy is no longer part of the calculation. ben king reports. it was a surge in energy prices that sent inflation rising. and although households still face much higher bills, the big rise came more than a year ago, so it doesn t affect today s headline inflation number, which measures how much prices rose between last april and this april. petrol and diesel prices are actually falling. ..and food prices are rising less rapidly all contributing to the biggest one month fall in inflation for over 30 years. just because inflation is coming down, that doesn t mean prices are coming down. in fact, for most goods, they re still rising just at a slower pace. and the question now is, how long will it take for those price r