In the 90s and early 00s. Now this comes hot on the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation, things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to be
In the 90s and early noughties. This comes hot off the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling down more 14 in the year tojuly. But domestic demand is down, too, with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation. Things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to
prices will stay high for longer. and we take a look at the biggest deal in golf, ahead of a us senate hearing into the pga liv merger. welcome to world business report. let s start here in the uk where the government is facing another big setback in its battle against inflation. new data show that average wages have risen at a record annual pace of 7.3% in the march to may period, compared with the same period last year. british headline inflation is running at 8.7%, staying higher for longer than many had forecast. and there are concerns that after 13 consecutive interest rate rises, that the bank of england could need to raise it even further to bring price rises under control. let s hear now from janet mui, head of market analysis at rbc brewin dolphin. thank you for being with us. inflation has not been coming down at the expected pace. what does this data signal about how things could pan out? good afternoon. thank you for having me. which group is still pretty strong,
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 earlier, marking the steepest decline since december 2015, as the difficult post covid recovery continues to weigh on demand. so that s changed the picture on the factory floor when it comes to what consumers are facing when buying goods and services, the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china tr
between the us and china ranges from taiwan and ukraine to national security and an ongoing trade dispute. janet mui, head of market analysis at rbc brewin dolphin. janet, at rbc brewin dolphin. good to have you with us. what janet, good to have you with us. what you make of this visit? as we said, the second in as many months. canjanet said, the second in as many months. can janet yellen said, the second in as many months. canjanet yellen do said, the second in as many months. can janet yellen do what the others have not yet managed to do, which is though that relationship that is particularly frosty about politics but also now economics and business two. ., but also now economics and business two. . ., ., but also now economics and business two. ., ., ., but also now economics and business two. thanks for having me. i think it is a difficult two. thanks for having me. i think it is a difficult task two. thanks for having me. i think it is a difficult task for two. tha