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BBCNEWS World July 6, 2024

this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economis ....

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BBCNEWS World Business Report June 4, 2024 13:32:00

Issue, isn t itbecause core inflation remain sticky. yes, you absently right. inflation remain sticky. yes, you absently right. central inflation remain sticky. yes, you absently right. central bankers l inflation remain sticky. yes, you i absently right. central bankers who are interest rates around the world are interest rates around the world are looking at stubborn core inflation that is wages, services, rants. the type of things that are generally immune to the bit more volatile impacts of energy and food costs. that is at 6.8% in the data that we saw this morning. the highest in 31 years. it is going to be very difficult for the bank of england to try and suggest that no more interest rate increases are needed. markets are pricing for more interest rate increases on the back of the state. interest rate increases on the back of the state- of the state. yes and that is quite a chance of the state. yes and that is quite a change from of the state. yes and that is quite a chang ....

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