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BBCNEWS BBC News September 15, 2021 19:16:00

The assumption here at the bank of england that the inflation rise is going to be temporary, well, that is being tested. that rise in cooking oil prices puts it at a 30 year high and, alongside surges in cardboard and plastic prices, will feed through to ordinary consumers, says this distributor. clearly we can t keep absorbing them for ever. so i anticipate that there will be some price increases before christmas, but it will really hit after christmas. yeah, so that s when it s going to really take effect on oui’ customers, anyway. but i do know of some competitors that have increased prices right across the board already. if forecasts are right, this hike in prices will be reversed next year. but the squeeze on the cost of living this winter is very real. faisal islam, bbc news. the headlines on bbc news. dominic raab is demoted from his role as foreign secretary in the first cabinet reshuffle since the general election ....

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BBCNEWS BBC News September 15, 2021 19:15:00

Wage, which is what we as a business have started to do. and of course that is going to have a knock on effect on how profitable our business is. and whereas we are happy to take a slice of the pie, our slice, and give it away and share it with our staff, at some point some of that pie is going to have to come from the customer as well. beyond restaurant meals, prices rose at the petrol pump, up 17.7% on the year. second hand car prices are up 18.3% as demand for cars surges. and furniture prices, affected by blockages to global supply chains, up 8%. cooking oil prices are up 5.4%, meaning overall food prices are now rising, after falling for most of the pandemic. well, there clearly are many one off factors coming from the lifting of lockdown. the turn in food prices up, the coming rise in energy prices next month, and the increase in taxation, means that the squeeze on living standards in households is very real indeed. that is one of the reasons why ....

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BBCNEWS BBC News at Six September 15, 2021 17:08:00

And give it away and share it with our staff, at some point some of that pie is going to have to come from the customer as well. beyond restaurant meals, prices rose at the petrol pump, up 17.7% on the year. second hand car prices are up 18.3% as demand for cars surges. and furniture prices, affected by blockages to global supply chains, up 8%. cooking oil prices are up 5.4%, meaning overall food prices are now rising, afterfalling for most of the pandemic. well, there clearly are many one off factors coming from the lifting of lockdown. the turn in food prices up, the coming rise in energy prices next month, and the increase in taxation, means that the squeeze on living standards in households is very real indeed. that is one of the reasons why the assumption here at the bank of england that the inflation rise is going to be temporary, well, that is being tested. that rise in cooking oil prices puts ....

Car Prices , Restaurant Meals , Petrol Pump , 18 3 , 217 7 , Food Prices , Cooking Oil Prices , Furniture Prices , Supply Chains , 5 4 , Pandemic , Energy Prices , Inflation Rise , Bank Of England ,