our business correspondent marc ashdown is still with us. not good news on the cost of living front, no great surprises that the trajectory is upwards, just put in context for us these rises, both shop inflation and food inflation specifically. the shop inflation and food inflation specifically- shop inflation and food inflation secificall . , ., ., , specifically. the big aim of these olicies specifically. the big aim of these policies from specifically. the big aim of these policies from the specifically. the big aim of these policies from the government - specifically. the big aim of these policies from the government is| specifically. the big aim of these i policies from the government is to bring down inflation. this is certainly unwelcome news. it is a snapshot, a monthly snapshot of how prices are going up and prices do drive inflation. in the monthly survey it attracted changes in prices from 500 everyday items, so in non food we have seen diy, gardening and hardware, big
and non food inflation rose to 3.3% largely driven by heavier hardware and other products hit by rising transport costs. our business correspondent, mark ashdown, gave us this update. the big aim of these policies from the government of course is to bring down inflation. this is certainly unwelcome new5. it s a snapshot, a monthly snapshot of how prices are going up and prices do drive inflation. in the monthly survey it attracted changes in prices for 500 everyday items, so in non food we have seen diy, gardening and hardware, big increa5e5 mainly due to transport costs due to the war in ukraine. food is the big driver, prices rose 1% in the month alone, 11% higher than a year ago. these are lower estimate5 than the official figures from the office for national statistics but it is a sign of the cost pressures on retailer5, they are not letting up, and we could see prices keep going up and up. this comes off the back of mortgages yesterday,
In June 2022, the consumer price index (CPI) increased by 0.8 per cent compared to May 2022. This was driven by the increase in food and non-alcoholic beverages index and non-food index by 0.5 per cent and 0.8 per cent respectively. As compared to June 2021, the CPI had increased by 3.9 per cent. The […]
saying is month over month it didn t go up even further. fine. it is still up to a near 40-year high at 8.5% with increases month over month and year-over-year on food, on rent, on electricity, on all sorts of commodities that people absolutely know how much they are paying for that stuff, right? they feel it every day. to get overly triumphal very premature on data that is quite bad on inflation is politically risky and then the i.r.s. side of it you mentioned where democrats had an opportunity to put their money where their mouth is on this promise that in doubling of the i.r.s., 80 billion new dollars to that agency will not affect anyone making $400,000 or less in accordance with the president s supposed promise, the republicans offered that exact item as an amendment to the bill that they just passed and every single senate democrat
that dropped today, that americans are spending more on clothing, on housing, on fuel, on food. that is why the needed places like this, the community food bank of new jersey, are so much greater. so, this place they pick up donations from grocery stores, drop them off at local food pantries. if you take a look at the trucks behind me, these big 26-foot truck, they have a fleet of about 20 of them, they all require diesel fuel. last year they drove nearly 500,000 miles. you can imagine how often they re filling up. every time they fill up these tanks, it s hundreds of dollars per truck. the food bank tells me they are experiencing an unexpected 41% increase in their fuel costs. they re not like any other business. they can t just pass that onto the consumer, so they have to swallow it at the same time food donations are fluctuating because of so many economic unknowns. at the same time, the need is increasing. if you take a look at some of the fuel numbers, you can tell why. right now