that number has remained higher thanks in part to persistently high housing costs. raising interest rates is meant to combat inflation. higher interest rates make it more expensive to borrow money and that is supposed to tempt down spending which in turn should tame runway prices. president biden praised the data as good news and called on large corporations to pass the savings on to consumers. now it is up to the fed to decide whether they have done enough work to help prices return to normal. that would mean holding interest rates steady and that is what they are expected to do on wednesday. what investors really want to know is when the fed thinks it will be time to cut rates. they will almost certainly have to wait and hope for next year. of course inflation has been a big topic for many economies around the world this year. it is a different picture in china where we just found out last week the economy is slipping further into deflation, that s falling prices. with a de
will be key, but export curbs on onions is not the first one. we have seen the government take this road for rice and wheat earlier this year, and prices did come down in the domestic market after the export curbs were announced in the same happened with onions. wholesale market prices have actually been seen coming down, so that is really in the focus because despite the growth story that india portrays where we have seen multiple people updating their growth numbers in the coming months, inflation is still a sticky point and it was the reason why the central bank last friday kept the key interest rates unchanged on the higher side, showing its concern on rising food prices. onions are so important to indian cooking, aren t they? and we have seen some reaction from the producers of onions, those farmers blocking the highway. what has the response been otherwise? at been otherwise? at the moment, onions, been otherwise? at the moment, onions. which been otherwise? at the mo
spells of sunshine and areas of cloud as well. if you get the sunshine away from those northerly winds it will feel quite warm but where we still have the clout in eastern england temperatures of around 15. the cloud will break up overnight, rain moving away, still some spots of rain running across scotland from the cloud. keeping clear skies across the western side of the uk. here it could be a little bit chilly first thing in the morning with temperatures slipping away to six or seven. still some cloud first thing and the crowd we have in south east scotland and north east england pushing into the midlands, could give one or two light showers will stop otherwise a dry day. more sunshine in the south east, sunny spells in northern ireland and a sunny day in scotland. temperatures in the central belt of scotland could reach 20. a warm at 19 in london and the south east of england. high pressure keeping it drier but the centre of the high is getting pushed away a bit on sunday
particularly with penrith in scotland where it will also be windy and cool. temperatures around 10 12 full stop otherwise for the rest of the uk it is a day of sunshine and showers. some of the showers will be heavy with some hail and thunder and those temperatures are still pretty poon those temperatures are still pretty poor. the average is around 17 for the time of year so it is another cool day. more of the same into the weekend. but this time there will be some heavy rain working into eastern scotland and some stronger winds working into southern england. showers again will be widespread with some thunderstorms developing into the afternoon. the temperatures not changing a great deal. perhaps a bit cooler for parts of eastern scotland. more showers in the forecast for sunday. but briefly next week we might see temperatures get back to average stop it doesn t last long. cooler showery weather returns later in the week. thanks, chris. and that s bbc news at six. now it s t
apologise judgment. that is for sure. i apologise and i will be working in montgomeryshire and glyndwr on the doors montgomeryshire and glyndwr on the doors. buf montgomeryshire and glyndwr on the doors. , ., ., , doors. but if you have inside information doors. but if you have inside information when doors. but if you have inside information when you - doors. but if you have inside information when you place | doors. but if you have inside | information when you place a doors. but if you have inside - information when you place a bet? as i said, i will not be expanding. and scotland train on the eve of their opening game of the euros among their travelling fans, one reunited with his daughter from australia. i can t believe it. a perfect weekend, this is, perfect. if scotland get a win against germany, that s nothing compared to seeing my little girl, my little girl again. and coming up on bbc news: sam kerr extends her stay at stamford bridge. the chelsea strik