Falling fuel prices is another force pushing inflation downwards
Several factors are fuelling disinflationary pressures in Spain. First, the significant fall i
now let s catch up with the business news. and we start in the us where a short while ago we had the inflation figures for the month of april which show that consumer prices rose at a slower than expected pace of 4.9%. that s a small fall of 0.1% compared to the previous month. it will provide some relief to the federal reserve that the central bank is succeeding in its fight against inflation. let s get the latest on this with our north america business correspondent michelle fleury in new york. that is the big question, all the action, the interest rate rise we saw from the us federal reserve, finally starting to pay dividends. yes, the huge takeaway is when you look at it we are talking about ten straight months of slowing inflation and that has to be good news. when you look at the inflation peak of
prices soaring pushing the overall inflation rate to its highest level since 1981. the question is when will inflation peak in the uk and at what cost? george, what are thinking today? economist are predicting and it is hoped that inflation will actually come down a touch. , ., ., will actually come down a touch. , ., ~ touch. yes, good morning. and i think it will touch. yes, good morning. and i think it will come touch. yes, good morning. and i think it will come down - touch. yes, good morning. and i think it will come down a - touch. yes, good morning. and i think it will come down a touch l think it will come down a touch but it really will be a touch. will forecasting ii%, it was will forecasting 11%, it was 11.1, this is not very noticeable. the thing the time you are going to see the largest falls in inflation will be early next year and throughout 2023 because price increases on a monthly basis are not going to be anywhere close to what they were a year ago throughout 2
arthel? arthel: eric, record high gas prices have contributed to inflation hitting a 40-year high, but some good news on the horizon as gas prices are on the decline. national average price for a gallon of regular today is $4.53. a month ago it was $5, but one year ago it was $3.16. so have we hit the inflation peak now that gas prices are falling? we re going to bring in gene marks, the cpa president of the marks group and a small business expert. so listen, gene, we ll get to gas prices in a second. sure. arthel: first of all, you know, the people who want to work, they can find a job. americans are spending 10% more than last year. people are out dining. gas prices are creeping down as we said. so why the high inflation rate and talk of a recession? what s not adding up? well, i mean there are a lot of factors that are contributing to the high inflation rate,
gas prices up nearly 60% in the last year when will inflation peak as fears of a recession grow also tonight, new fallout after the leak of the uvalde school shooting video why some of the victims parents are outraged and the new questions the video is raising president biden on his first trip in office to the middle east the news he made in israel today when asked would the u.s. use force to keep iran from getting a nuclear weapon how he responded and the secret service under scrutiny why an agent was sent home from israel the state of emergency declared in virginia after flash floods more than 40 people unaccounted for and scorching heat, millions on alert tonight. our nbc news exclusive. the american held prisoner in russia her ten-month-long nightmare and her message to wnba superstar brittney griner being held in what is believed to be the same detention center starbucks shut down