for a while yet if in the future at all , pointing to an unstable global food supply pressurised by the war in ukraine. now the price of food in the uk rose by nearly 17.5% in the year tojune, which was actually a fall from a high of just over 19% in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. it has been trending downwards. but prices are still much higher than before the war and have started creeping up again. let s discuss this with kona haque head of reserach at commodities house ed and f man holdings. good to have you on the programme. do you agree with the chief economist at the bank of england that actually high food prices are here to stay? i think at least for the sure term we still have got some pressures that will keep prices elevated. the factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oil
expert rajiv biswas, who explained the economic impact of these floods. of these floods. well if flooding of these floods. well if flooding so of these floods. well if flooding so for- of these floods. well if flooding so for any - of these floods. well if i flooding so for any month of these floods. well if - flooding so for any month of july is estimated to cost around 25 billion us dollars, then of course the season for then of course the season for the extreme weather events is not yet over, august and september, historically, have also often had severe weather events, such as typhoons and floods, as well as droughts. last year china was also hit by very severe drought. so what we re seeing increasing impact of severe weather events on china and this is, of course, linked to rising temperatures globally, climate change is very much linked to what we are seeing at present in china and in recent years and there is a lot of concern that as global temperatures rise furth
i mean, these figures for trade are actually even worse than economists had anticipated in terms of exports. it s the weakest data since back in february 2020, when china, of course, was right in the thick of the pandemic. why is this data so bad? well, it s mainly to do with china s customers abroad. they re really struggling with high inflation, high interest rates. so they re spending less money on chinese goods. and if you re a policymaker in beijing, well, it s difficult to say what you should do about that. you can tjust force other countries to start buying more of your goods. but there s also more to contend with. if you look at the spending within china, that s also looking not very encouraging at the moment. tomorrow, we re expecting some more figures to be coming out, which will probably show deflation prices actually going down in china. that s a bit more difficult to explain. but there are some people who think that china s zero covid policy went on for so long t
severe road damage as well. the california national guard is now on the scene in santa cruz to support emergency services. for some residents, the rising water is simply too much. we can t live like this. how do you live like this? how do i have my kids here? how do i have my elderly mother live here where i carry her out of the house? cnn s mike valerio and cnn meteorologist brit rits are tracking the latest. reporter: this is the heart of the flood rescue response effort. if you look around us, the area is inundated. as you mentioned at the top of the show, it is flooded because we have this levy upstream that failed around midnight local time, so as the front quickly comes through, that water is dumped around us. what we ve been seeing since we moved positions from the berry farm we talked to you last time until now, national guard troops have been coming up and down the central drag for several hours now rescuing people. you can just see the extent of the water. and
claiming that the west s sanctions are doing nothing to hurt his economy. donald trump fires back at the committee and his former vice president. and china is showing off its most advanced aircraft carrier in what appears to be a direct message to the west. live from cnn center, this is cnn newsroom with kim brunhuber. we begin in ukraine where russia is reportedly sending more firepower to eastern lines. russian artillery is pounding areas near sievierodonetsk, trying to cut it off from surrounding cities. ukraine says it intercepted two russian missiles near odesa and no one was killed. in kyiv, ukrainian and eu flags flew side by side. the move doesn t guarantee membership, which would be years away, but president zelenskyy says it s still important. here he is. translator: ukraine deserves this positive. ukrainian values are european values. ukrainian institutions remain resilience, even in conditions of war. ukrainian democratic habits have not lost their pow