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as the difficult post covid recovery continues to weigh on demand. so that s the picture on the factory floor when it comes to what consumers are facing when buying goods and services the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china trade relations. she told reporters just before leaving china that despite significant disagreements, the relationship between both countries was moving towards a surer footing. my my purpose is to make sure that we do not engage in a series of unintended escalatory actions. that will be harmful to our overall economic relationship. with one another. and we have had very little contact, both senior officials and also just the american people and the chinese people, have had very little contact with one another over the last several years. in ....
talking to people about how they are coping with rising prices. join they are coping with rising prices. us at 9.30 at the we join us at 9.30 at the fire station. we have an audience full of fascinating people from all walks of life who will be talking about the cost of living crisis and how it is affecting people who work and live in the city. join us at 9.30. and i m annita mcveigh at westminster where at 12 o clock, liz truss will face questions from mps in the house of commons for the first time since the almost complete reversal of her economic plan. and as inflation hits double figures, downing street refuses to commit to increasing state pensions in line with prices, which would be breaking a manifesto pledge. obviously we take manifesto commitments incredibly seriously. the chancellor will be making a statement in just over a week s time, where he will set out all the plans for taxation and expenditure and government budgets. hello and welcome to bbc news, wit ....
Is, how much the central bank sets interest rates, has more room for loosening or cutting interest rates, so that is good news. clearly there is some concern about demand, the lack of demand means we may be seeing consumers are starting to question whether they should spend or save. find to question whether they should spend or save. spend or save. and this is the issue isn t spend or save. and this is the issue isn t it? spend or save. and this is the issue isn t it? when spend or save. and this is the issue isn t it? when you - spend or save. and this is the issue isn t it? when you look| issue isn t it? when you look at the producer price index number, it has fallen significantly month on month, this seems to be the trend which does not bode well for the rest of this year? clearly, commodity the rest of this year? clearly, commodity prices the rest of this year? clearly, commodity prices have - the rest of this year? clearly, | commodity prices have fallen, thatis commod ....
This morning that food prices were one of the big drivers for inflation, which is at the highest rate we had seen. we saw it as well in august, for a0 years, more than a0 years, as you ve been mentioning. food is one of the big drivers but there is actually a little ray of hopein there is actually a little ray of hope in the figures, which may help some of our listeners look to the future, a dim light visible at the end of the inflationary tunnel, if you like. that s in the prices producers are paying for their raw materials. as well as the headline inflation figures for what consumer prices are doing, we also get the numbers for what producers are paying for their raw materials and what they are charging for their goods at the factory gate. although they are still going up really rapidly, they were up by 20% rather than 21% in the previous figures. also, the prices at the factory gates were up by less than they were last time around. so we are seeing a bit of a slowdown there and that ....
Media insisting that it was a south african company but it belongs to a german company flies a german flag at the factory gates and has a german box name nor that shows. the rhyme metal headquarters in was also unwilling to tell us what countries its foreign subsidiaries export to the press department issued a statement saying. exports by r.d.m. from south africa a carrier. out in accordance with the country s laws we cannot comment on possible customer relations for reasons of competition and in part due to contractual obligations. seems to use its foreign activities to circumvent german regulations we spoke to the industry federation. of the federation of the german security and defense industry. our first priority is german arms exports which keeps us busy and will do so in the future. we have issues with the previous government and we expect ....