inflation? irate what avee expecting in terms of inflation? ~ ., what avee expecting in terms of inflation? ~ . , . ., inflation? we are expecting a re inflation? we are expecting a pretty tough inflation? we are expecting a pretty tough number. - inflation? we are expecting a l pretty tough number. expected to be the same as the previous was at 5.4%, that is pretty tough. the bank of england have warned that we could see 7% in the next few months before it begins to taper down again but we have got to remember yesterday we had to the wage inflation numbers and wages are not rising as much as cpa inflation. not rising as much as cpa inflation- inflation. so people are feelin: inflation. so people are feeling it inflation. so people are feeling it in inflation. so people are feeling it in the - inflation. so people are feeling it in the wallet i inflation. so people are - feeling it in the wallet across the country. what are your thoughts on that, why has wage inflation not been
i wanted you to join us because obviously gas prices matter. you are our commodities expert. oil companies. they are recording record profits, and what do we need oil companies to do, drill more. why aren t they? i think you muted yourself. in terms of oil companies, yes, we have oil companies reporting record profits. the issue is of course, will they drill more. oil companies have been under halima, you muted yourself again. they are facing cost inflation, labor issues. so even if they put more rigs to work, we are not likely to see additional barrels of oil for six more months. we are facing the significant