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BBCNEWS BBC News June 4, 2024 08:11:00

About crude oil prices. if you look at crude oil be thing about crude oil prices. if you look at crude oil be driving ing is supposed to be driving all of energy prices, crude is barrel now, around. in $90 a barrel now, around. less in fact than it was when the invasion of ukraine began. similarly, wholesale gas prices, the thing putin wants to weaponise and has been going to great lengths to do, that hasn t stopped the fall in the wholesale price of gas. so wholesale gas prices are now down by about a third of where they were at their peak in august. so there is some hope that that starts to feed through to inflation next year. as you mentioned, we have these figures tied to inflation uprating of benefits and pensions. if the chancellor did decide to do 10.1%, it might make up a little bit for benefit recipients from the fact they fell behind last time around, because la september s figure was just 3.1% and it meant when they got that rise this april, it was much less than inflation. ....

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