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new figures here in the uk show that the rate at which prices are rising has fallen sharply, hitting single figures for the first time since last august. the annual rate for april fell to 8.7%, down from 10.1% in march, but still higher than predicted. a quick global comparison in the us, the rate of inflation stood at 4.9% in the 12 months to april, falling for the tenth month in a row. the eurozone rate rose slightly in april to 7%, but that figure is still down from 8.5% in february. the bbc s economics correspondent andy verity explained. if you want to be half full, at least it s in single digits now. for three months in a row, it s defied expectations it would drop into the single digits, and it stayed in double digits. so that has been coming down, and there are some nice signs like for example, petrol is cheaper than it was a year ago, some second hand cars have been coming down in price, and generally goods price inflation, which has been driving this, has ....
Second hand cars have been coming down in price, and generally goods price inflation, which has been driving this, has subsided a little bit, so it s only 10%, or is last time presented was 12.8%. but services prices on the other hand, the prices of your haircut, taxi ride, etc have been rising, and they ve gone up from 6.6% inflation to 6.9%. that s what will really worry the bank of england, because it suggests that the global inflationary pressures have become embedded domestically, and that s why it feels it has to rise interest rates to stop it from becoming too entrenched. live now to fraser mckevitt he s from consumer research group, ka ntar. thank you so much forjoining us here on the programme. when you look at the food inflation numbers, the fastest rate in 45 years, that is a huge problem, isn t it, for millions ....