more expensive. the egg prices are having an impact on baked goods, cookies, pies. that s showing up. there are a few areas. meats, those have dropped about you look at beef and veal down 3.1% in december annually. bacon down 3.7% and then pork roasts down 1.8% and you remember early in the pandemic we had all of these supply shock to the meat industry and so those prices jump. now they re down. what other areas are coming down? a few areas are getting better. we see inflation overall start to moderate. if you are in the market for a new appliance, dishwasher, 0.6%. women s dresses down 2.3%. sports tickets down 1.5%. a lot in that inflation report. thanks so much, nathaniel
comes to whether or not president biden could run in 2024 for democrats. christine? the oil infrastructure delap dated in the venezuela. whether this would lower gas prices in the near term unlikely but a huge source of oil and energy there that is a lot of it offline because of what the government has done there. nice to see you. thank you so much. ukraine wants russian oil to be capped between 30 and $40 per barrel. ukrainian allies and the west struggled to agree on a number that would hurt russia s ability to fund the war without causing an oil supply shock. cnn s claire sebastian live in london. reminder, the big export russian oil funds its war machine. what price is the g7 considering here? yeah, christine. price is the big issue here, of course, the context, the problem that this is trying to solve as you alluded to russia has been making more not less because of
but hovering at around $85 a barrel for brent crude. many are wondering if 0pec will chose to cut production to boost the price. joining me now is susannah streeter, senior investment and markets analyst, hargreaves lansdown. good morning. energy going down, the price of oil going down, the price of oil going down, worries about the global recession, can you talk us through what is happening? that s right, that is what we are seeing at the moment, real worries about decline in global demand as central banks worldwide ratchet up interest rates, and there are fears that there will be a knock on effect on slowing economies and that is where you are seeing the price of oil dipping back a little bit, but hold your horses because there are also concerns in the background that, actually, we could be heading for another supply shock, and the reasons for that is because of the eu ban on