prices are rising faster than they have done for a0 years in the uk. the bank of england says the recent increases in energy hills, which are set to be three times more than they were a year ago, will drive inflation the rate at which prices rise even higher, to 13%. uk inflation hit that a0 year high injune, reaching 9.a%. july s figures are released in a few hours and there is a real chance that headline uk inflation could hit double figures. joining me now is liz martins, uk economist, hsbc welcome and it is good to have you on the programme. what do you on the programme. what do you think? do you think we will hit double digits today and if so how significant is that? that is our forecast that we get to exactly 10% year on year injuly and some of our fellow economists don t think it is quite that bad they say nine point 8% perhaps but 9.8, ten, these are incredible figures that even a few months ago we would have found hard to believe. yesterday we had the labour mark
is growing there has been an uptick in vinyl sales example, for many years now but you put vinyl and cd together still only about 16 or 17% of the global music market because as much as they are growing, streaming is growing much more quickly, streaming is the future, cds past there is a little bit of a nostalgia for the cd that has certainly driven some sales over the last couple of years. couple of years. what about sound quality. couple of years. what about sound quality, my couple of years. what about sound quality, my kids - couple of years. what about | sound quality, my kids listen to music on the phone and it is nowhere near as playing it by a record player or cd player, is it? ~ record player or cd player, is it? . , , record player or cd player, is it? ~ , , ., ., it? well, it depends on what ou it? well, it depends on what you mean it? well, it depends on what you mean by it? well, it depends on what you mean by good, - it? well, it depends on what you mean by good,