And events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. Joining me now is suzanne neufang, whos the ceo of the Global Business travel association. Welcome, good morning. Is this a surprise . Its been awhile since pandemic now. I a surprise . Its been awhile since pandemic now. A surprise . Its been awhile since pandemic now. I wish it were. Since pandemic now. I wish it were but since pandemic now. I wish it were. But in since pandemic now. I wish it were. But in shortterm since pandemic now. I wish it were. But in shortterm memory, were. But in short term memory, just a year ago we were still really from omicron variant s. So we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32 . We added last year at about a trillion us dollars and we should get about 1. 4 trillion as you say by the end of 2024. Are there any areas in particular
injuly rose to its highest level in 15 months to just below 7.5%. that s a huge jump from the 4.9% in the previous month. this is way higher than the expected and above the central s bank target of 6%. our india business correspondent, nikhil inamdar, has the latest. it isa it is a sharp spike in food prices particularly vegetables that s driving up inflation here in india. onions, tomatoes and now potatoes are getting dearer and that makes both indiana s central bank and the government nervous. last week the reserve bank of india held its key lending rate study and moved to accessibility of cash from the banking system. the central government has recently announced a number of proactive measures to cool down prices. such as relieving additional colin stocks in the market last week after burning the export of key varieties of rice and wheat. some relief in prices is