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Detailed text transcripts for TV channel - BBCNEWS - 20210616:12:15:00

inflationary pressures - 9.796. there have been some inflationary pressures from i inflationary pressures from increases in production and shipping costs. at halfords, we have been able to mitigate a large number of these to continue. since the start of the pandemic with the increase of people cycling notjust in the uk but around the world, there have been some shortages in supply. behind the higher than expected 2.1% rise in the cost of living is the usual culprit, the price of petrol, which rebounded by 17.9% after dropping in the lockdowns of last year. as economies have reopened across the world, demand for goods has surged and supplies have not yet bought enough capacity back on stream to meet that demand. in the spring, bottlenecks and supply chain like the one cordes by the container ship stranded in the suez canal lead to higher transport costs. shortages of steel. the price manufacturers for materials. as a players start more production, the inflationary pressure will eventual

Detailed text transcripts for TV channel - BBCNEWS - 20210616:20:45:00

after dropping in the lockdowns of last year. as economies have reopened across the world, demand for goods has surged and suppliers haven t yet brought enough capacity back on stream to meet that demand. in the spring, bottlenecks in supply chains like the one caused by the container ship stranded in the suez canal led to higher transport costs. shortages of key commodities like steel forced up the average price manufacturers pay for raw materials by 10.7%. economists predict that as suppliers restart more production, that inflationary pressure will eventually be relieved. the input costs from importing things from parts of asia, where there are supply chain shortages and blockages, so all these costs are coming together for companies and they ve got a choice. they can absorb it at their margins or they can pass it on to us as consumers. and if they decide to pass that on to us as consumers, and we, the consumers, can kind of afford it, then it does look

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