that s up from the previous month, so heading in the wrong direction. core inflation is a measure which excludes volatile components of the inflation basket such as energy and food. this suggests the uk has a particular underlying problem with inflation, making it stickier here than elsewhere. some have even suggested we might be the new sick man of europe, even the developed world, when it comes to rising prices. but is this right, and if so, why? the pet food industry points to a cocktail of uk specific factors making the situation here worse. we take 80% of our raw material from the uk, so we are quite reliant on farming in the united kingdom and that has been a pressure. and then obviously there has been some challenges on getting in raw materials due to transport, you know, brexit hasn t been. so far, it hasn t caused huge problems importing that we have problems importing but we have seen export challenges around export certificates and other issues, the border
of the lack of confidence? very good question, but the truth is, actually, especially with the higher energy prices causing the pinch in inflation especially in europe and the us, they are not so much affecting china. with the russian ukrainian war, with the rising oil prices, a lot of western countries are suffering big time for it, but not so much in china. one key factor is within china s inflation basket, oil is not a major part of it. the most interesting bit to watch for chinese inflation is the prices of pigs, so it s really for pork, really, and specifically the tip of the rear of the pigs because chinese people just love to eat pork. that comprises a big part of the basket. all the china analysts, when we look at chinese inflation, we pay very close attention to the cycles
going forward, especially when it comes to tourism and travel, outbound. comes to tourism and travel, outbound, that will start to pick up, outbound, that will start to pick up. but outbound, that will start to pick up, but most likely from the latter half of up, but most likely from the latter half of 2024. up, but most likely from the latter half of 2024- half of 2024. and the rest of the world of course half of 2024. and the rest of the world of course we half of 2024. and the rest of the world of course we are half of 2024. and the rest of the world of course we are dealing i half of 2024. and the rest of the i world of course we are dealing with a pretty dire cost of living crisis, and i wonder if chinese consumers are looking at what is happening elsewhere and that is adding to that sense of the lack of confidence? good question, but the truth is actually. good question, but the truth is actually, especially with a higher energy actually, especially with a higher e
to pick up but most likely from the latter half of 2024. in the rest of the world of course we re dealing with a pretty dire cost of living crisis, and i wonder if chinese consumers are looking at what is happening elsewhere and that s adding to that sense of the lack of confidence? very good question, but the truth is, actually, especially with the higher energy prices causing the pinch in inflation especially in europe and the us, they are not so much affecting china. with the russian ukrainian war, the rising oil prices, a lot of western countries are suffering big time for it, but not so much in china. one key factor is within china s inflation basket, oil is not a major part of it. the most interesting bit to watch for chinese inflation is the prices of pigs, so it s really for pork, really, and specifically the tip of the rear of the pigs
from rrr one of the most successful indian films of all time. lizo mzimba, bbc news. still my favourite. frozen berries used in smoothies, electric bites in home security cameras have all been added to the lists of goods to track the rising cost of living, whereas digital cameras and alkyl pots have been removed. the so called inflation basket contains more than 700 goods and services. the cost of these items in many different outlets are gathered by the office for national statistics. a record breaking heat wave if suspecting parts of spain with temperatures topping 80 degrees.