this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economist at p
american supplies for design, there is not a lot of difference between what they are doing at the moment because they do not rely on china for design at the moment. we because they do not rely on china for design at the moment. we side it is a tit-for-tat for design at the moment. we side it is a tit-for-tat battle, for design at the moment. we side it is a tit-for-tat battle, china - for design at the moment. we side it is a tit-for-tat battle, china puts - is a tit for tat battle, china puts restrictions on american made staff and vice versa. the only people who lose out in a trade war like this are consumers? lose out in a trade war like this are consumers? ., , , ., ., ,., are consumers? consumers are also the us provide are consumers? consumers are also the us provide is are consumers? consumers are also the us provide is because are consumers? consumers are also the us provide is because the - are consumers? consumers are also the us provide is because the fact i the u
from each other. the latest move comes from apple who have announced a multi billion dollar deal with the american chip maker broadcom as part of the us attempts to reduce its reliance on foreign made microchips. but as malcolm penn from global semiconductor analysts future horizon explained the situation is more complex. it s a bit more complicated than the kind of the headlines are currently saying, because broadcom isn t already a key supplier to apple, along with qualcomm, but they re really fabulous companies, design houses. they don t actually make the chips themselves. both those companies rely heavily on tsmc and taiwan to actually build the chip. so that isn t going to change in the very near term and take a long time for that to change. so although obviously relying on american suppliers for design, there s not a lot of difference between what they re doing already because they don t rely on china for design really at all at the moment. yeah. and we said there it s a tit