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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 ....
Wales and South West England probably seen fewer showers this afternoon and probably more sunshine. A few light showers coming and going in Northern Ireland and frequent showers in northern scotland today. A cool day, temperatures below par for the time of year. Showers keep going tonight across North East Scotland and england with temperatures between 11 and 14. Tomorrow we do it all again. Another showery day. Most starting on a dry note with sunshine and showers getting going in the afternoon. They will favour Eastern England because here we have a Convergence Zone with wind being bashed together and the showers are most likely to form. Away from that you have a decent chance of dryness tomorro ....
In our near term projection. that s the piece shown in the shaded part of the chart. now this all can be attributed in large part to a fall in contribution from energy. fuel prices have declined and electricity and gas prices have stabilised, albeit at a higher level. the dark orange bars in this chart show how the contribution from energy prices is falling and turning negative, we think, in the coming months. now, given ofgem s price cap on electricity and gas bills, and the way it slows down the pass through of wholesale energy prices to consumer bills, we expect inflation to take a further step down in thejuly data, which will be published in two weeks time. we think that will come down to around 7% at that point, followed by another larger step down in 0ctober s data, which will be published in november to around about 5% on that basis. now, this more gradual pass also substantially helps to explain the difference between current ....
Now this all can be attributed in large part to a fall in contribution from energy. fuel prices have declined and electricity and gas prices have stabilised, albeit at a higher level. the dark orange bars in this chart show how the contribution from energy prices is falling and turning negative, we think, in the coming months. now, given ofgem s price cap on electricity and gas bills, and the way it slows down the pass through of wholesale energy prices to consumer bills, we expect inflation to take a further step down in thejuly data, which will be published in two weeks time. we think that will come down to around 7% at that point, followed by another larger step down in october s data, which will be published in november to around about 5% on that basis. now, this more gradual pass also substantially helps to explain the difference between current headline inflation in this country ....