Stay updated with breaking news from Prices producers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
talking to people about how they are coping with rising prices. join they are coping with rising prices. us at 9.30 at the we join us at 9.30 at the fire station. we have an audience full of fascinating people from all walks of life who will be talking about the cost of living crisis and how it is affecting people who work and live in the city. join us at 9.30. and i m annita mcveigh at westminster where at 12 o clock, liz truss will face questions from mps in the house of commons for the first time since the almost complete reversal of her economic plan. and as inflation hits double figures, downing street refuses to commit to increasing state pensions in line with prices, which would be breaking a manifesto pledge. obviously we take manifesto commitments incredibly seriously. the chancellor will be making a statement in just over a week s time, where he will set out all the plans for taxation and expenditure and government budgets. hello and welcome to bbc news, wit ....
Japan s economy experienced this back in the 1990s earlier, i spoke to professor eswar prasad, the former chief at the international monetary fund s china division, and he explained what s behind the slowing economy. the consumer demand has been very weak, and when consumer prices have been flat, it s likely to show that we are in deflationary territory. no producer prices, the prices producers pay for imports of raw materials and intermediate goods, have already been falling and squeezing industrial profits. if we are not in deflationary territory, we are very close and i think we are very close and i think we will see an official confirmation closely. and other asian economy confirmation closely. and other asian economy that confirmation closely. and other asian economy that suffered i asian economy that suffered from falling prices japan. some say china could be an a similar situation injapan was in back in the 1990s, some people calling it a balance balance sheet recession. do ....
This morning that food prices were one of the big drivers for inflation, which is at the highest rate we had seen. we saw it as well in august, for a0 years, more than a0 years, as you ve been mentioning. food is one of the big drivers but there is actually a little ray of hopein there is actually a little ray of hope in the figures, which may help some of our listeners look to the future, a dim light visible at the end of the inflationary tunnel, if you like. that s in the prices producers are paying for their raw materials. as well as the headline inflation figures for what consumer prices are doing, we also get the numbers for what producers are paying for their raw materials and what they are charging for their goods at the factory gate. although they are still going up really rapidly, they were up by 20% rather than 21% in the previous figures. also, the prices at the factory gates were up by less than they were last time around. so we are seeing a bit of a slowdown there and that ....