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i m sally bundock and we start here in the uk where in the next few hours the latest inflation numbers will be released and its widely anticipated the news will be good with prices coming down. the bank of england says it expects inflation to fall sharply in april . this follows an upgrade from the international monetary fund for the uk economy. it says we should avoid a recession this year but the imf is warning inflation remains stubbornly high and higher interest rates will need to remain in place if it is to be brought down. so where are we at? if we look at february inflation measured as consumer prices stood at 10.4%. the soaring cost of food and energy being the key drivers. it then fell slightly to 10.1% in march. this was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices w ....
Rise in energy price cap from last year that caused that very big search in april last year. what about food prices? we saw numbers up yesterday showing a slight drop in food prices. it wasn t that much though? food rices is wasn t that much though? food prices is the wasn t that much though? food prices is the oddity wasn t that much though? food prices is the oddity now - prices is the oddity now because what we have is clear evidence that energy prices have moderated and that should show up in consumer prices soon. underlying parts of consumer price index have started to slow but food prices is notjust started to slow but food prices is not just a started to slow but food prices is notjust a uk phenomenon. within its across europe. it mightjust be because there was very weird supply things going on at the start of the year, for instance you salad in supermarkets for a while so the temporary imbalance between demand and supply public apt food prices elevated for longer but only t ....