And in the euro area, where wholesale Energy Prices feed through more directly to Consumer Prices. Where there is more uncertainty is around the time it will take the other non Energy Components of the Consumer Price of Consumer Price inflation to come down as well. Price inflation for food and Non Alcoholic beverages has been very high, but it does appear to have peaked. And as you can see in this chart, there are signs in the monthly figures that it has started to ease. And evidence collected by the banks Regional Agents suggests that a moderation in food inport prices is being passed through the supply chain to Consumer Prices. So we do expect that food Price Inflation will come down gradually over the rest of this year. The Shadow Chancellor has said the Interest Rate rise weve seen today is another hammer blow to families who are seeing their mortgages increase. Rachel reeves said that the government needs to force the banks and lenders to do more to Mortgage Holders help includin
Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in
Of the english channel. Now, all of these feats of superhuman endurance have been undertaken by my guest today, lewis pugh. Why does he do it . To focus attention on the Climate Crisis and its impact on our blue planet. His death defying exploits have won him political access from Downing Street to the kremlin. But is the response too little, too late . Lewis pugh, welcome to hardtalk. Thank you so much. Its great to have you on the show. Here you are before me in your very smart suit but soon, youll be back in your trunks on another Marathon Swim youve Just Announced youre going to swim the entire length of the hudson river through new york state, ending up in New York City at the time of the un General Assembly. Its a massive undertaking. Do these things get easier with experience and with time . Mentally easier. Physically, perhaps not so but mentally, yes. Because, without being impolite, you began these endurance tests, this extreme swimming, in your30s. Youre now into your 50s. J
Lewis pugh, welcome to hardtalk. Lewis pugh, welcome to hardtalk lewis pugh, welcome to hardtalk. , ~ c hardtalk. Thank you so much. Its ureat hardtalk. Thank you so much. Its great to hardtalk. Thank you so much. Its great to have hardtalk. Thank you so much. Its great to have you hardtalk. Thank you so much. Its great to have you on hardtalk. Thank you so much. Its great to have you on the i its great to have you on the show. Here you are before me in your very smart suit but soon your very smart suit but soon you will be back in your trunks on another marathon swim. Youve Just Announced youre going to swim the entire length of the hudson river three new york state, ending up in new york state, ending up in New York City at the time of the un General Assembly. York city at the time of the un generalassembly. Its york city at the time of the un General Assembly. Its a massive undertaking. Do these things get easier with experience and with time . Mentally easier. Mentally easier. Phys
Lewis pugh, welcome to hardtalk. Lewis pugh, welcome to hardtalk lewis pugh, welcome to hardtalk. , ~ c hardtalk. Thank you so much. Its ureat hardtalk. Thank you so much. Its great to hardtalk. Thank you so much. Its great to have hardtalk. Thank you so much. Its great to have you hardtalk. Thank you so much. Its great to have you on hardtalk. Thank you so much. Its great to have you on the i its great to have you on the show. Here you are before me in your very smart suit but soon your very smart suit but soon you will be back in your trunks on another marathon swim. Youve Just Announced youre going to swim the entire length of the hudson river three new york state, ending up in new york state, ending up in New York City at the time of the un General Assembly. York city at the time of the un generalassembly. Its york city at the time of the un General Assembly. Its a massive undertaking. Do these things get easier with experience and with time . Mentally easier. Mentally easier. Phys