of the so called godfathers of ai and elon musk. yes, he is coming as well. it s being hosted at the historic bletchley park as zoe kleinman reports. the secret work carried out at bletchley park once help the allies win world war ii. today the uk government will host a global summit to address a new kind of threat posed this time both superfast and supersmart computers. we both superfast and supersmart computers- computers. we can set up processes computers. we can set up processes to computers. we can set up processes to really - computers. we can set up processes to really delve l computers. we can set up i processes to really delve into what the risks actually are so we can put necessary guardrails while embracing the technology. artificial intelligence comes with lots of officers, from creating new medicines to revolutionising the way you work but it also has the potential to cause harm. the focus of the discussion today will be a cybersecurity and unstoppable gener
strong as it is, what do you see as the catalyst to really get inflation down? well, inflation was fed by supply chain bottlenecks from the pandemic and from putin s brutal war in ukraine. and the impact of those forces is declining gas prices have come down $1.40 off their highs. that s important to americans. actually, inflation year over year has come down for 11 months in a row and is now down by about 5%. granted, it remains too high. and the labor market is strong, but in part, we re seeing a strong job market is attracting more people into it. so, some easing is coming from additional participation in the
and poor weather in parts of africa and south america where these commodities are cultivated. it is also supply chain bottlenecks and increased production costs. now what does all this mean? year on year, we are still seeing prices go up. last year, you would have spent around £20 on an average weekly food shop in the uk, that number is now £3 more. 0verall, food inflation is slowing down. we have got figures from the british retail consortium showing a little cause for optimism as the figure from last month, has come down slightly to 15.4% this month. and we can largely thank products like fruit and other fresh produce, where the figures are down slightly from april to may. but
like furniture, home supplies as well as health and beauty products. it is also a nonperishable scheme of things like pet food and, of course, your coffee and your chocolate. just look at this figure. the cost of wholesale coffee has soared by 25% since the beginning of this year. the wholesale cost of cocoa, which of course is used to make chocolate has risen by 18% since the start of this year. there are a couple of factors that are pushing the prices at these commodities up. it is mostly extreme and poor weather and parts of africa and south america where these commodities are cultivated. it is also supply chain bottlenecks and increase of production cost resulting in leftovers from the pandemic and the ongoing war in ukraine. now, what does this all mean? for your food shop, well, year on year we still see prices go up. last year, he would ve spent about £20 on an average weekly food shop in the uk.