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BBCNEWS World Business Report January 12, 2022 05:35:00

The price rises, changes to the energy markets, oil prices above $80 a barrel, natural gas prices surging, they were saying a lot of this was transitory. what we have seen more recently and over a number of months now is that a lot of the inflationary pressures are not transitory anymore. things like labour market participation is lot lower. a lot of people have not returned to the labour market, creating tighter conditions, so wages are rising much more rapidly than we have seen recently, this is a more permanent inflation consideration anything that is one why the fed is saying a lot of the pressures were initially transitory but the spillover effects are becoming more permanent and that is why they now need to act. just permanent and that is why they now need to act. now need to act. just briefly, while you now need to act. just briefly, while you were now need to act. just briefly, while you were speaking - now need to act. just briefly, while you were speaking we | now need t ....

Natural Gas Prices , Oil Prices , Energy Markets , Price Rises , Labour Market , Labour Market Participation , Federal Reserve , Spillover Effects , Focus In Asia , Hong Kong , Real Estate ,

BBCNEWS World Business Report January 12, 2022 05:41:00

Americans who have been affected by covid. we americans who have been affected by covid.- americans who have been affected by covid. we will have to wrap it affected by covid. we will have to wrap it there. affected by covid. we will have to wrap it there. chris, - affected by covid. we will have to wrap it there. chris, we - to wrap it there. chris, we thank you for your thoughts and analysis. chris campbell there. just to say, as soon as we get the inflation numbers in the us, if you are interested, we shall make sure we let you know. bbc online, itv, and on radio. on tv. let s get some of the day s other news. and inflation is also in focus in asia. the bank of japan says it s expecting the rise in prices to accelerate due to higher energy costs driven by a slight economic recovery. the central bank governor added that while japan s economy is picking up, it remains in a severe state due to covid. japan has kept its interest rate below zero since 2016. a usjudge has rejecte ....

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