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remains elusive. the federal reserve likes to keep inflation hovering around 2%. right now it sits somewhere around 4%. that certainly better than where it was last year. somewhere above 8% for that but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in interest rate hikes seem pretty likel . ., interest rate hikes seem pretty likel . . ., likely. in made the 12 month chance likely. in made the 12 month change in likely. in made the 12 month change in the likely. in made the 12 month change in the cpi likely. in made the 12 month change in the cpi came - likely. in made the 12 month change in the cpi came in i likely. in made the 12 month change in the cpi came in at| change in the cpi came in at 4-~0% change in the cpi came in at 4-~0%and change in the cpi came in at 4 .0% and the change in the core 4 .0% and the change in the core cpi 4 .0% and the change in the core cpi was 5. ....
a month ago we learned it had fallen to 8.7%, but food price inflation was over twice that, hurting many consumers even harder. one pizzeria owner, sergio from brighton, has been telling the bbc how inflation has been affecting his business costs that he has to pass onto consumers. we noticed that, after the first lockdown, let s say the tomato went from £20 per case to 25, and today reached £39 per case. bags of flour from £20, £21 per bag now we paid £32 per bag. another thing that is affecting is the salaries, as well the wages went up. the minimum wage is growing year by year. and this year, i think was 9% more for the minimum. so everything is affecting the price of our pizza. that is a business meant sharing impact on him. now, another area where many british households are facing the pinch is in housing costs. one mp is warning a mortgage time bomb is about to explode with mortgage rates rising. for those who are renting, many pay more still with t ....
hearing, has held what the us calls candid and constructive talks with china s foreign minister in beijing. this at the start of two days of meetings with chinese officials. mr blinken emphasised the need for diplomacy and keeping open channels of communication us officials added. the trip to china is the first by a top us diplomat in almost five years and comes months after an earlier visit by the secretary of state was postponed when a suspected chinese spy balloon flew in us airspace. can this trip reboot relations? to discuss this and what s at stake for the world s two biggest economies, i m joined by alicia garcia herrero chief economist at natixis. good to have you on the programme. from your perspective, when we are looking at trade, the two biggest economies in the world, how important is this trip? extremely important. and the main reason for this trip is not even trade, it s about assurance to really avoid a military conflict in taiwan and i think tha ....
between the two countries. well, trade relations, like other parts of the us relationship with china are tens. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it’s operate in their country. it s interesting. operate in their country. it s interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting china. should we feel a bit more positive about the economic side of their relationship? the economic side of their relationship? well, clearly bei ina relationship? well, clearly beijing seems relationship? well, clearly beijing seems more - relationship? well, clearly - beijing seems more interested in reviving or strengthening the economic part of the relationship versus the military part, ....
this is bbc news. it s newsday. hello and welcome to the programme. the us coastguard has launched a search and rescue operation, after a sub mersible used to take tourists to view the wreck of the titanic went missing in the atlantic ocean. the vessel with five people on board lost contact about one hour and 45 minutes into a dive to the wreck. the titanic, which sank in 1912, lies nearly 4,000 metres beneath the surface, around 600 kilometres off the coast of newfoundland in canada.from boston , our correspondent jessica parker reports. designed to plunge the depths of the ocean, this is the titan submersible, now missing in the north atlantic after contact with the vessel was lost. it sparked a frantic but complicated search. 0n the bottom, particularly very deep, it s going to be difficult to rescue it. none of the conventional submarine rescue methods, which are designed mainly for naval submarines, would be able to operate down at the depth of the titanic. even if i ....