First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. The heat may be coming out of rising prices at supermarkets and convenience shops, and that can be seen, for example, in milk prices on the shelves of this shop in walsall. Overall they are still rising, butjust by less than they were. This area was, originally, about two months ago, all a pound
but from early morning, people in and around the russian capital did report hearing explosions. i heard them too. at home, my windows shook from the force of the blasts. russia s defence ministry accused ukraine of carrying out the attack, but said that russia s military had downed all the drones. ukraine has denied having anything to do with this. president putin clearly doesn t believe that. translation: the kyiv regime has chosen the path of scaring l russia and russian citizens by launching strikes on residential buildings. this is a clear sign of its terrorist activity. as they flew towards moscow, the drones sparked disbelief. look at that , the man says. it s right above our house! one of the drones crashed into a high rise apartment block. another flew into this residential building. here is part of it on the ground. the explosives failed to detonate. the area was cordoned off and emergency services removed it. among the local residents, the sense of shock is palpa
of its terrorist activity. as they flew of its terrorist activity. as they flew towards moscow, the drones sparked disbelief. look at that , the man says. it is right above our house . one of the drones crashed into a high rise apartment block. another flew into this residential building. anotherflew into this residential building. here is part of it on the ground. the explosives failed to detonate. the area was cordoned off and emergency services removed it. along the local residents, the sense of shock is palpable. translation: we sense of shock is palpable. translation: sense of shock is palpable. translation: we are all on edae. i translation: we are all on edge- i don t translation: we are all on edge. i don t know translation: we are all on edge. i don t know what - translation: we are all on edge. i don t know what we | edge. i don t know what we should do about it. i edge. i don t know what we should do about it.- edge. i don t know what we should do about it.