And in the euro area, where wholesale Energy Prices feed through more directly to Consumer Prices. Where there is more uncertainty is around the time it will take the other non Energy Components of the Consumer Price of Consumer Price inflation to come down as well. Price inflation for food and Non Alcoholic beverages has been very high, but it does appear to have peaked. And as you can see in this chart, there are signs in the monthly figures that it has started to ease. And evidence collected by the banks Regional Agents suggests that a moderation in food inport prices is being passed through the supply chain to Consumer Prices. So we do expect that food Price Inflation will come down gradually over the rest of this year. The Shadow Chancellor has said the Interest Rate rise weve seen today is another hammer blow to families who are seeing their mortgages increase. Rachel reeves said that the government needs to force the banks and lenders to do more to Mortgage Holders help includin
Israel is mobilizing soldiers and declaring a State Of War Alert after the Palestinian Militant Group hamas fires thousands of rockets from the gaza strip into southern israel. The groups leader says its part of a new Military Operation against israel. Israels territory has also reportedly been infiltrated by numerous Palestinian Militants during the unprecedented attack. Several videos posted on social media appearing to show dozens of uniformed gunmen inside the Israeli Border town of sderot. Residents across the region are being ordered to remain indoors following reports of Israel Israelis Being Kidnaped and taken into gaza. And were also learning a woman in her 60s was killed and at least 100 others were injured in the surprise attack. Israels Security Cabinet is set to convene in the coming hours following its State Of War Alert declaration. Officials warn hamas will face consequences for the attacks and has reportedly already begun striking targets in the gaza strip. And the lau
The leading financial website dedicated to the mortgage intermediary. Read breaking mortgage news and mortgage industry comment and analysis from recognised experts. Register now.
The leading financial website dedicated to the mortgage intermediary. Read breaking mortgage news and mortgage industry comment and analysis from recognised experts. Register now.